GBP/USD Outlook: Pound Gains as UK Awaits Key Inflation Data
Weak US data helped the pound gain 2% this month. Economists expect a sharp drop in inflation in Great Britain, from 3.2% in March to 2.1% in April. Markets expect…
Weak US data helped the pound gain 2% this month. Economists expect a sharp drop in inflation in Great Britain, from 3.2% in March to 2.1% in April. Markets expect…
Producer prices in Germany fell 3.3%, beating forecasts for a 3.1% drop. Inflation in the Eurozone fell from 2.6% to 2.4% in March. Markets are betting on a 65 basis…
The dollar fell last week after the US released consumer inflation data for April. The Fed's Thomas Barkin warned that inflation is still not where it should be. The Japanese…
Investors are eagerly awaiting Tuesday's Canadian inflation report. For April, economists expect inflation in Canada to fall to 2.8%. Fed policymakers remained cautious despite falling inflation. The USD/CAD outlook paints…
The US CPI report showed a drop in inflation which led to an increase in bets on a Fed rate cut. Investors have raised the odds of a Fed rate…
The US CPI report showed a drop in inflation. Employment data from the UK showed a significant drop in jobless claims. Next week, the UK will release its key inflation…
Data showed that US import prices rose 0.9% last month. Fed policymakers have maintained a cautious stance since the inflation report. The data revealed a smaller-than-expected drop in jobless claims.…
The euro fared well amid signs the US economy is slowing and inflation easing. Data showed that U.S. manufacturing output unexpectedly fell in April. The ECB's Schnabel stressed caution after…
Data on Thursday revealed a bigger-than-expected jump in employment in Australia. Australia's unemployment rate jumped from 3.9% to 4.1%. Investors have increased the likelihood of a RBA rate cut in…
The Canadian dollar hit a 5-week high after the US released its consumer inflation report. The US released its retail sales report, which revealed a significant drop from 0.7% to…