GBP/USD Weekly Forecast: UK Economy Shows Resilience
Retail sales in the US and UK were above expectations. Inflation in the UK eased more than expected to 1.7%. The dollar strengthened as markets increasingly bet on a Trump…
Retail sales in the US and UK were above expectations. Inflation in the UK eased more than expected to 1.7%. The dollar strengthened as markets increasingly bet on a Trump…
The dollar strengthened amid increased bets on a Trump presidency. Data from the US showed an unexpected jump in retail sales. Traders expect the Bank of Canada to implement a…
The ECB cut interest rates by 25 basis points on Thursday, following a similar move at its September meeting. The Eurozone economy performed poorly compared to the US. The data…
UK sales rose 0.3% in September. Retail sales in the US jumped 0.4% in September. Traders are closely following the upcoming US presidential election. GBP/USD price analysis points to a…
The Australian economy added 64,100 jobs in September, well above forecasts of 25,000. The Australians pulled back as China's stimulus disappointed. The US dollar remained solid as investors weighed in…
Market participants expect the ECB to cut interest rates. The dollar rose on increasing bets on a Trump victory. Traders await the US retail sales report for more clues on…
Annual inflation in Canada decreased more than expected to 1.6% in September. Market participants increased the probability of a 50 basis point rate cut from 50% to 74%. Traders await…
UK inflation fell sharply from 2.2% to 1.7% in September. Services inflation, a key measure for the BoE, fell from 5.6% to 4.9%. The Fed's Raphael Bostic said he expects…
The US dollar has recently risen due to a change in the Fed's policy outlook. The loonie fell as oil prices fell 3%. Traders brace for Canadian inflation data. The…
Average weekly earnings in the UK met forecasts of 4.9%. Market participants maintained the chances of a November BoE rate cut to 80%. The dollar remained firm due to a…