Tag: GBP/USD

US Dollar Wavers as Fed Meetings Kick Off

The US dollar declined against a basket of currencies Wednesday after data showed continued weakness in consumer inflation, raising doubts about the Federal Reserve’s...

Shanghai Composite Plunges on Growth Woes

Chinese stocks plunged for a second consecutive day Tuesday, with the Shanghai Composite Index posting a triple-digit loss after data from Beijing’s Ministry of...

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...

Dollar Rallies amid Mixed Employment Data

The US dollar climbed against a basket of world currencies on Friday after mixed employment data sparked a new debate about the pace and...

Dollar Surges on Revised GDP, Oil Prices Rebound

The US dollar advanced for a third consecutive day on Thursday, as oil prices rebounded more than 4% amid a bigger than expected rise...

Dollar Resumes Uptrend as Stock Markets Remain Volatile

The US dollar rose again on Wednesday, as investors reacted to stronger than expected durable goods orders amid renewed volatility in Asian and European...

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...

US Dollar Aims Higher as Nonfarm Payrolls Eclipse 200,000

The US dollar gained momentum on Friday, as another solid month of job creation gave the Federal Reserve the necessary scope it needs to...

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...

US Dollar Remains Supported Despite Soft ADP Employment Report

The US dollar was at more than two-week highs against world currencies Wednesday, as expectations for a US rate increase outweighed weaker than expected...

Dollar Index Steady ahead of FOMC

The US dollar was little changed against a basket of world currencies Wednesday, as investors looked ahead to a policy announcement from the Federal Reserve later...

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...

US Dollar Eases Off Highs ahead of FOMC Minutes

The US dollar declined against world currencies on Wednesday, as investors shifted their attention to the minutes of the June Federal Open Market Committee...

GBP/USD Crumbles as US Dollar Poised for Breakout

The GBP/USD plunged by nearly 200 pips on Tuesday, as risk aversion sent the US dollar to its highest level since June 1. The GBP/USD...

US Dollar Loses Traction following Mixed NFP Report

The US dollar eased off monthly highs on Thursday following a mixed nonfarm payrolls report and a bigger than expected drop in factory orders. The...

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