GBP/USD Price Analysis: Weaker Jobs Ignite BoE Rate Cut Bets
UK wage growth, excluding bonuses, cooled in September. The UK unemployment rate rose to 4.3% after a previous reading of 4.1%. Sterling lost 1.1% of its value on the Trump…
UK wage growth, excluding bonuses, cooled in September. The UK unemployment rate rose to 4.3% after a previous reading of 4.1%. Sterling lost 1.1% of its value on the Trump…
The euro fell near a seven-month low on Tuesday. Trump is likely to impose higher tariffs on goods imported from the Eurozone. Market participants await October inflation data in the…
The US will release data on consumer inflation on Wednesday. Economists expect the CPI to rise by 0.2%. Minutes from the Bank of Japan's policy meeting revealed uncertainty over the…
The data revealed that the Canadian economy added just 14,500 jobs. Market participants estimate a 60% chance of a 50 bps BoC rate cut in December. Traders are eagerly awaiting…
Republican candidate Donald Trump won the US presidential election. The Bank of England cut interest rates by 25 basis points as expected. Next week, the US will release data on…
The Reserve Bank of Australia kept rates unchanged, maintaining its cautious tone. Trump's victory was bullish for the dollar as his policies could raise inflation and interest rates. The US…
The risk-sensitive Australian dollar surged after Trump won the US election. The US central bank cut borrowing costs by 25 basis points. A Trump presidency is likely to lead to…
The Bank of England cut rates by 25 basis points. Markets expect two to three BoE rate cuts in 2025. The Federal Reserve also cut borrowing costs by 25=bps. The…
The dollar had a strong bullish day on Wednesday after Trump won the election. Market participants are preparing for a rate cut during the FOMC policy meeting. The US reported…
Trump won the US presidential election. The Federal Reserve is likely to cut rates by 25 bps later today. The probability of a December Fed rate cut fell from 77%…