GBP/USD

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2022 Conservative Party leadership election: What’s at stake for the GBP?

Truss is arguing for looser fiscal policy and tighter monetary policy, a policy stance that has historically supported strength in the underlying currency

Currency Pair of the Week: GBP/USD

With the UK CPI and employment data this week, along with a China rate cut and US housing data, manufacturing data, and retail sales, GBP/USD could be in for some volatility.

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Forex Friday: EUR/USD, GBP/USD and USD/JPY

In this week’s edition, we discuss the dollar’s recovery despite weaker inflation data, and talk up the prospects of the euro, pound and yen.

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Tight spreads from 0.5 pts on FX and 1 pt on indices.


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Research

GBP/USD: What doesn’t kill you makes you stronger

GBP/USD is down only modestly despite so much negative news...

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August 6, 2022 02:41 AM
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BoE’s grim forecasts weigh on pound

…But there’s hope for GBP/USD bulls – the dollar and bond yields are weakening again.

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Bank of England Preview

Ahead of the BoE decision, the GBP/USD has established a base around low $1.20s.

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August 4, 2022 07:14 PM
Research

GBP/USD could revisit 1.25 as US recession confirmed

GDP was quite poor, so there won’t be a hattrick of 75 basis point hikes in September, that’s for sure.

Research

Two trades to watch: GBP/USD, EUR/USD

GBP/USD rises as the jobs market boom continues. EUR/USD rises over 1.0150 ahead of CPI data.

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July 19, 2022 05:14 PM
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Two trades to watch: GBP/USD, USD/CAD

GBP/USD rises after UK GDP, US CPI next, USD/CAD awaits the BoC rate decision.

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July 13, 2022 05:17 PM
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Recession Trade Keeps Risk Assets Under Pressure

Fears over a recession continues to drive financial markets, with commodities feeling the heat

Two trades to watch: GBP/USD, CAC40

GBP/USD looks to PMI data, financial stability report. CAC 40 rises ahead of PMI, French industrial production.

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July 5, 2022 05:45 PM
Energy

Two trades to watch: GBP/USD, Oil

GBP/USD rises as USD eases ahead of PCE inflation. Oil steadies ahead of OPEC+ announcement.

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June 30, 2022 05:23 PM
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Two trades to watch: GBP/USD, USD/CAD

GBP/USD rises despite strike action. USD/CAD falls ahead of retail sales, Fed Powell.

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June 21, 2022 05:42 PM

BoE risks losing credibility after 25bp hike

The 25-basis-point hike was priced in but failure to surprise… is a surprise in this week of central bank surprises

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BoE’s dilemma

A 25-basis-point hike is priced in, but will the BoE deliver a surprise?

Two trades to watch: DAX, GBP/USD

DAX falls as the market mood sours, factory orders drop. GBP/USD falls as Bojo holds onto power, just.

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June 7, 2022 05:38 PM
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Two trades to watch: GBP/USD, Oil

GBP/USD rises despite PM Boris Johnson facing a vote of no confidence. Oil prices rise as Saudi Arabia hikes prices.

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European Open: UK traders return to their desks (FTSE, GBP/USD)

The 4-day weekend has come to an end and the FTSE will reopen today. Yet take note of public holidays across Europe so liquidity should be lower than usual.

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June 6, 2022 02:41 PM

FOMC minutes confirm 50bps hikes in June and July (USD/JPY, GBP/USD)

Whilst the FOMC minutes helped lift the dollar and Wall Street on the day, but we’re not convinced the dollar low is in just yet.

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Two trades to watch: DAX, GBP/USD

DAX rises ahead of German IFO business climate data, GBP/USD rises ahead of BoE’s Bailey.

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After most of the data for the week, GBP/USD advancing

GBP/USD has been moving higher this week as a result of the strong labor market in the UK and the high inflation readings.

Two trades to watch: DAX, GBP/USD

DAX falls after industrial production tumbles. GBP/USD falls to a fresh 23-month low ahead of US NFP.

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BoE Preview: MPC won’t deviate much from recent hawkish path

The Bank of England looks set to hike rates by 0.25%, but how will this impact the pound?