British Pound climbs on soft US data despite Warsh’s hawkish tilt
The Pound Sterling (GBP) registers a 0.14% gain on Wednesday amid broad US Dollar (USD) strength and comments by the Federal Reserve (Fed) Chair Kevin Warsh, who reiterated that the central bank would not provide forward guidance, despite accepting that inflation remains too high. At the time of writing, the GBP/USD pair trades at 1.3277 after bouncing off daily lows of 1.3219. Read More…
British Pound decline against US Dollar, eyes on key US data
The British Pound (GBP) is down 0.22% to near 1.3234 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair trades lower as surging United States (US) Treasury Yields have strengthened the US Dollar (USD). Read More…
British Pound weakens below 1.3250 on UK political risks, BoE repricing
The GBP/USD pair trades in negative territory around 1.3245 during the early Asian trading hours on Wednesday. Traders await the UK political developments, focusing on potential leadership by Andy Burnham and adherence to existing fiscal rules. Bank of England (BoE) Governor Andrew Bailey is set to speak later in the day. On Thursday, all eyes will be on the US jobs data for June. Read More…
