British Pound (GBP) Latest: GBP/USD on Hold Ahead of Inflation Report
Sterling remains firm heading into the final trading week of the year with traders primed for the latest UK inflation report on Wednesday.
Sterling remains firm heading into the final trading week of the year with traders primed for the latest UK inflation report on Wednesday.
Central bank policy decisions and guidance help to stoke price action this week, while next week’s busy economic calendar could give markets a final pre-Christmas burst of volatility.
The November U.S. PCE report will be key for the U.S. dollar in the short term. Weaker-than-expected numbers could reinforce the greenback's recent decline, but strong numbers could trigger a bullish reversal.
Gold’s bullish momentum fades as New York Fed President John Williams contradicts Chairman Powell’s comments at the December FOMC meeting, but this may be more about damage control rather than a strategy shift.
The latest HCOB flash PMIs confirm that the Euro Area economy is struggling and any continuation of this trend will bring talk of sooner-rather-than-later ECB rate cuts back into focus
Outlook on FTSE 100, DAX 40 and S&P 500 amid $5 trillion triple witching
Markets expect fewer interest rate cuts for the UK in 2024 than in the US. This, along with a hawkish BoE statement has helped buoy sterling into the end of the week
Gold prices push higher and defy key technical resistance, driven by falling yields and a weaker U.S. dollar following the Fed's dovish pivot at its December policy meeting.
This article focuses on the technical outlook for EUR/USD and USD/JPY, examining critical price levels that can act as support or resistance following the recent increase in volatility.
AUD prices have remained buoyant as markets extend the FOMC hangover effect with Australian jobs data supplementing upside support.