British pound news

It is three years since the UK left the EU and time to start looking at the evidence.

Even sanctions-hit Russia is expected to grow this year, but the IMF says the UK is "on the right track".

The GBP/USD exchange rate put a siege to six-month highs in recent trading, but uncertainty over this week's interest rate decisions and US economic data could prevent further recovery in the coming days.

GBP/USD struggled to hold above the 1.24000 level as the DXY found some buyers ahead of the FOMC meeting. Could the central banks inspire a breakout after 10 days of rangebound trading?

A stronger US Dollar has sent the price on a short-term downwards trend.

IMF Sees G7 Growth Except UK in 2023; Markets Quiet Ahead of FOMC Wednesday; US Dollar Strengthens.

Projects aimed at lowering carbon emissions are boosting growth in poorer parts of the country.

GBP/USD tried to rally after the US Federal Reserve eased its preferred inflation gauge again, but sterling found plenty of willing sellers as the market continued to favor the US currency ahead of this week's interest rate decisions.

The British Pound has enjoyed plenty of interest rate support despite the shakiness of its home economy. Can it hope for more this week?

The British pound has struggled with the 1.25 level again during the trading session on Friday, as we continue to see a lot of noise in the same manner.

The GBP/USD exchange rate remained stuck near its highest level this year as investors waited for an extremely busy week.

Traders are eyeing the Fed, BoE and ECB rate decisions for the US Dollar, British Pound and Euro, respectively. Will central banks disappoint, bringing back market volatility?

The GBP/USD went into the weekend near the 1.23880 price after demonstrating a rather dynamic week of trading.

Get the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 29th, 2022 here.

This week I will begin with my monthly and weekly Forex forecast of the currency pairs worth watching.

GBP/USD is trading at a key inflection point with next week’s BoE and Fed rate decision to act as catalysts for short/medium-term directional bias.

FTSE and Dax have remained steady, driving prices into clear ranges of support and resistance. While prices look for direction, technical levels hold firm.

GBP/USD has attempted to trade above the 1.2445 level on a number of occasions now without success and has consolidated into a narrow range. FOMC and BoE next week

Euro Pound Exchange Rate News: EUR/GBP Climbs amid UK Growth Fears Euro Pound Exchange Rate Firms on Mounting UK Economic Concerns The Euro Pound (EUR/GBP) exchange rate is strengthening modestly in the wake of Chancellor Jeremy Hunt’s comments on the Conservative party’s plans for economic growth. However, escalating Ukraine tensions could be keeping a lid on Euro gains. At time of writing the EU…

The GBP/AUD has fallen a bit against the Australian dollar during the day but then turned around to show signs of life again.

The GBP/JPY initially pulled back just a bit during the trading session on Thursday to reach down to the ¥160 level, showing signs of weakness, but then turned around from that large number to show just how tenacious this market is turning out to be.

The GBP/USD has rallied significantly over the last several weeks, but during the day on Thursday, has seen a lot of choppy behavior with a 1.24 level offering resistance.

The first look at US Q4 GDP hits the screens shortly and cable (GBP/USD) traders will be watching this release closely

After sales recently happened to the GBP/USD currency pair against the American dollar, it declined in its wake in the middle of this week's trades reaching the support level of 1.2263.

Car production in the UK continued to fall last year, lagging further behind the US and EU.

The GBP/USD currency pair has rallied a bit during the trading session on Wednesday as we continue to see a lot of noisy behavior.

The GBP/USD price pared back most of the losses it made on Wednesday even as bets that the Bank of England (BoE) will slash rates later this year rose.

During yesterday's trading, the price of the GBP/USD currency pair was exposed to profit-taking sales.

The GBP/USD pulled back a bit during the trading session on Tuesday, reaching the 1.23 level.

The GBP/USD price drifted lower as technical chart patterns pointed to more weakness. It pulled back to 1.2260 after it rose to a monthly high of 1.2452 on Monday.