GBP/USD Price Analysis: Hits 6-Month Low as UK Sales Slump
UK retail sales fell 0.7% in October, compared with estimates for a 0.3% drop. The UK economy grew by just 0.1% in the third quarter. Initial jobless claims in the…
UK retail sales fell 0.7% in October, compared with estimates for a 0.3% drop. The UK economy grew by just 0.1% in the third quarter. Initial jobless claims in the…
Core consumer inflation in Japan rose 2.3% in October. 56% of economists expect the Bank of Japan to raise rates in December. US jobless claims unexpectedly fell to 213,000. The…
Recent remarks by the Bank of Japan have shown the increasing urgency to strengthen the weak yen. The BoJ's Ueda said the central bank would focus on incoming data ahead…
The euro fell on Wednesday after reports that Ukraine had fired a missile at Russia. Traders fear Trump's looming tariffs on Eurozone goods. Economists expect the Fed to cut borrowing…
Inflationary prices in Canada rose by 2.0% in October. The dollar weakened after rising early Tuesday on safe-haven demand. Markets are awaiting further clues on the prospects for a Fed…
Inflation in the UK rose by 2.3%, above estimates of a rise of 2.2%. The Bank of England is likely to take a less aggressive approach to cutting interest rates.…
Putin warned the US of a lower threshold for a nuclear strike. Economists expect UK inflation to rise by 2.2% in October. The dollar remained steady after gaining over 1.6%…
USD/JPI outlook weakens as probability of December BoJ rate hike rises to 54%. Fed policy has changed significantly since Trump won. A BoJ rate hike could provide temporary support to…
The GBP/USD outlook is weak amid a stronger dollar and a weak UK economy. UK CPI and BoE comments are important events to watch this week. Technically, the probability of…
The EUR/USD forecast remains neutral with no clear bias. Easing Fed dovishness keeps US dollar strong. The market is waiting for a stimulus to break out of the current range.…