Tag: Cable

Nonfarm Payrolls does not matter anymore

Yes, I cannot deny I am not too impressed with the latest NFP (nonfarm payrolls, for those of you that are new to reports...

GBP/USD Touches 5-Year Lows on Weak Factory Data

GBP/USD plunged on Tuesday, falling to five-year lows on weak UK factory data and rising demand for the dollar in the wake of China’s...

GBP/USD Advances on Falling UK Unemployment

The GBP/USD advanced for a third consecutive day on Wednesday, but gains were seen as limited after government data pointed to sluggish wage growth...

GBP/USD Declines as BOE Leaves Rates Unchanged

The GBP/USD declined more than 100 pips Thursday, as the Bank of England acknowledged renewed downside to inflation while voting to keep interest rates...

GBP/USD: Cable Edges Higher as BOE Keeps Rate at 0.5%

Cable edged higher Thursday, but gains were limited after the Bank of England lowered its third quarter GDP forecast, citing underlying risks in China...

Cable Breaks Out after Better than Expected Inflation

Cable broke out on Tuesday, climbing more than 100 pips after UK inflation unexpectedly turned positive in July, a sign the Bank of England...

GBP/USD: Cable Slumps on Dovish BOE Minutes

Cable declined sharply on Thursday after the minutes of the Bank of England policy meetings suggested no rate increase was imminent, as eight of the...

GBP/USD: Cable Edges Higher as UK GDP Accelerates

Cable traded higher on Tuesday after data from the Office for National Statistics (ONS) showed UK economic growth accelerated in the second quarter. However,...

GBP/USD: Cable Rallies as BOE Unanimous on Holding Interest Rates

The GBP/USD advanced on Wednesday for the first time in three days after the minutes of the July Bank of England policy meetings suggested...

GBP/USD: Cable Slides on Disappointing Job Numbers

The GBP/USD was on its heels Wednesday, but remained well supported above 1.5600 following disappointing UK job numbers. The GBP/USD rose to an intraday high...

GBP/USD: Cable Spikes as Carney Says Rate Hike Getting Closer

The GBP/USD surged more than 130 pips on Tuesday after Bank of England Governor Mark Carney said the time for an interest rate increase...

Hawkish BOE Extends Rally for GBP/USD

The GBP/USD pushed through 1.5700 on Wednesday, extending its rally to four days after a hawkish Bank of England expressed greater confidence in the...

GBP/USD Plunges as Inflation Turns Negative

The GBP/USD plunged around 200 pips on Tuesday, as UK inflation entered negative territory for the first time on record, supporting expectations for a...

Sterling Spikes Against Dollar After Carney’s QE Comments

It's rare for an article in a local British newspaper to send markets into a spin. However, that's exactly what happened this morning, after...