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Traders pushed back bets for rate cuts in the UK and the US. US GDP figures came in higher than expected, indicating strong economic performance. Market participants expect the BoE to maintain rates next week. The GBP/USD weekly forecast is neutral as the resilience of both the US and UK economies creates a level playing…
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The pound recovered ahead of crucial US inflation data later in the day. The US economy beat forecasts in the fourth quarter, growing at 3.3%. The pound remains steady against the dollar amid signs of a recovery in the UK economy. On Friday, the GBP/USD price analysis hinted at a modest bullish tone as the…
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British services firms experienced increased growth this month. Data revealed a smaller-than-anticipated budget deficit for December in Britain. Market indicators suggest approximately a 50% probability that the BoE will start rate cuts in May. Wednesday brought a bullish outlook to the GBP/USD forecast due to signs of resilience in the British economy. Moreover, there were…
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Data on Friday revealed a significant drop in UK retail sales. Investors still believe the BoE will be slower to cut rates than the ECB and the Fed. Data released late last week indicated that US economic activity remains robust. The GBP/USD forecast hints at a modest bullish trend after a slight rise on Monday,…
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Data revealed a deceleration in British wage growth throughout November. Markets expect substantial interest rate cuts by the Bank of England this year. Money markets are currently factoring in approximately 130 basis points of BoE interest rate cuts by year-end. On Tuesday, the GBP/USD outlook took a bearish turn as the pound faced a decline,…
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US consumer inflation data came in higher than expected. There was a slight improvement in the GDP numbers in the UK. Capital Economics projected a potential drop in British inflation to 1.7% in April. The GBP/USD weekly forecast shows a hint of bearish sentiment as the persistence of US consumer inflation suggests the potential for…
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US consumer prices rose by 0.3% for the month and registered an annual growth of 3.4%. Traders believe that the BoE’s benchmark rate will decline rapidly this year. Recent data indicated a contraction in the British economy in October. The GBP/USD price analysis hinted at a subtle bearish tilt amid a strong dollar as investors…
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Investors waited for more clues on the Fed’s policy outlook in the US inflation report. Business data suggested Britain’s economy was more resilient than feared in December. Data on Friday revealed a mixed picture of the US economy. Monday witnessed a bearish GBP/USD outlook, influenced by a stronger dollar, as investors breathed for additional insights…
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Fed policymakers agreed that inflation was under control. US job openings and initial jobless claims fell. Private employment and nonfarm payrolls rose, strengthening the dollar. The GBP/USD weekly forecast is slightly bearish as the robust US labor market’s strength means a potential delay in the Fed’s rate-cut plans. Consequently, it challenges the earlier March anticipation….
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Prices at British store chains increased at the slowest rate in a year and a half. Food price inflation in Britain fell to 6.7%. There was a sharp decline in Britain’s output and employment in December. On Wednesday, the GBP/USD forecast leans towards a bearish outlook, propelled by the dollar’s resurgence and promising indications of…
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Last year, the pound had its strongest performance since 2017, with a 5% gain. Sticky inflation compelled the Bank of England to delay monetary easing compared to its counterparts. Markets expect a 25 basis point BOE rate cut as soon as May. This Tuesday, the GBP/USD price analysis reveals a subtle bearish undertone, a surprising…