GBP/USD

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BoE lifts interest rates to highest since 2008

A 25-basis point rate hike was mostly priced in, especially in light of the latest inflation data that was released on Wednesday

Two Trades to Watch: GBP/USD, Gold

GBP/USD rises ahead of BoE rate decision. Gold rises post Fed and looks to jobless claims.

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Yesterday 08:26 AM
    Research

    European Open: UK inflation up next, then focus shifts to the FOMC meeting

    Today’s UK inflation print could be the difference between a final 25bp hike from the BOE tomorrow, or a pause. Then our attention turns to the FOMC meeting.

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    March 22, 2023 05:47 AM

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      BoE Preview: 25 bps hike and done?

      We think the BoE will go ahead with a 25-bps hike and then pause to assess the impact of the previous hikes.

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      March 21, 2023 01:30 PM
        Forex trading

        Currency Pair of the Week: GBP/USD

        With the Fed and BoE rate decisions to come, along with some key economic data from both the UK and US, the GBP/USD has to be the currency pair of the week.

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        March 20, 2023 01:15 PM
          Research

          European Open: BOJ members discussed tweaking YCC, Jan minutes reveal

          So the BOJ have indeed been discussing potential tweaks to one of their major policies, although that is not to say any of it will happen soon (if at all) before being scrapped

          UK Budget Preview: What to expect?

          The Chancellor will unveil his Budget tomorrow, which is expected to be a quieter affair than Liz Truss & Kwasi Kwarteng's min-budget. The Chancellor has little wiggle room so huge give-aways are unlikely.

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          March 14, 2023 08:21 AM
            Market chart

            Two Trades to Watch: GBP/USD, DAX

            GBP/USD rises ahead of BoE’s Bailey’s speech. DAX rises ahead of German inflation data.

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            March 1, 2023 08:17 AM
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              Two Trades to Watch: GBP/USD, DAX

              GBP/USD rises ahead of US inflation data. DAX rises despite a deeper Q4 contraction & as consumer confidence improves.

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              February 24, 2023 08:32 AM
                Market chart

                Two trades to watch: GBP/USD, DAX

                GBP/USD falls on USD strength & despite UK retail sales rising. DAX falls as Fed jitters hit risk sentiment.

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                February 17, 2023 08:40 AM
                  Close-up of Union Jack flag

                  European Open: GBP/USD grinds higher, but bears eye break of 1.20

                  Whilst GBP/USD has dragged itself from its post-CPI lows, key resistance looms and momentum could favour further downside.

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                  February 16, 2023 05:11 AM
                    Close-up of Union Jack flag

                    UK CPI Preview

                    UK’s labour market tightened and wage pressures grew further, fueling bets that inflation could stay higher for longer...

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                    February 14, 2023 11:00 AM

                      Two trades to watch: GBP/USD, Gold

                      GBP/USD rises after UK wages increase. Gold awaits US inflation data.

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                      February 14, 2023 08:04 AM

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

                        GBP/USD falls as the UK contracts in December. USD/CAD looks to US consumer confidence & CAD jobs data.

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                        February 10, 2023 08:09 AM
                          Close-up of market chart

                          European Open: Worst week for GBP/USD since Truss’s September budget

                          The US dollar was dominant on Friday following a surging NFP number, which saw GBP/USD suffer its worst week since Truss’s disastrous budget in September.

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                          February 6, 2023 04:52 AM

                            BoE’s dovish hike leaves pound in limbo

                            Investors are wondering whether the BoE was done with hiking...

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                            February 2, 2023 12:48 PM

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

                              GBP/USD rises towards 1.24 post-Fed & ahead of the BoE. EUR/USD rises above 1.10 with all eyes on the ECB.

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                              February 2, 2023 08:23 AM

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                                Big miss for ADP Employment Change; weather cited

                                Will the weather effect from today’s ADP Employment Change have the same effect on January’s NFP report?

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                                February 1, 2023 04:09 PM
                                  Market chart

                                  Two trades to watch: GBP/USD, USDCAD

                                  GBP/USD falls after weak consumer confidence & retail sales. USD/CAD falls as oil rises & looks to retail sales.

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                                  January 20, 2023 08:19 AM
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                                    Two trades to watch: GBP/USD, DAX

                                    GBP/USD rises ahead of BoE’s Bailey. DAX rises as data points to falling inflation.

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                                    January 16, 2023 07:49 AM

                                      Two trades to watch: GBP/USD, DAX

                                      GBP/USD pares earlier losses after unexpected GDP growth. DAX rises ahead of GDP data.

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                                      January 13, 2023 08:00 AM
                                        "Newspaper snippet of jobs board"

                                        Average Hourly Earnings steals thunder in NFP jobs data

                                        Markets are focusing on the Average Hourly Earnings data for December, which was lower than expected. But will the Fed see it as dovish as the markets?

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                                        January 6, 2023 04:13 PM
                                          multiple currencies

                                          GBP/USD heading sub-1.20 again?

                                          Following last week’s central bank bonanza, the GBP/USD fell about 1% on the week

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                                          December 19, 2022 02:32 PM

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