Friday, 29 March 2024
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POUNDSTERLING

Currency Market Subdued Ahead of fresh US Economic Data
Thursday, 14 March 2024 15:03 WIB | Us dollar

The currency market was sedate on Thursday, with the U.S. dollar consolidating against major peers as market players awaited more data out of the world's largest economy for clues on the direction of Federal Reserve policy. Tuesday's hotter-than-expected U.S. consumer price index (CPI) has...


Dollar Droops as Key US Data Looms; Yen Firms on CPI Beat
Tuesday, 27 February 2024 15:22 WIB | Usd/jpy

The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of key U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates. The yen firmed slightly after figures showed consumer inflation stayed at the Bank of...


Dollar Firms Ahead of Busy Data Week With U.S. Inflation in Focus
Monday, 26 February 2024 16:53 WIB | Us dollar

The dollar was on the front foot on Monday ahead of a packed week filled with key economic releases that will provide further clues on the global interest rate outlook, with a U.S. inflation reading taking center stage. The core personal consumption expenditures, or PCE, price index - the Federal...


Dollar Tracks Global Yields Lower; Sterling Heavy
Wednesday, 21 February 2024 16:27 WIB | Gbp/usd

The dollar fell broadly on Wednesday as it tracked a global decline in bond yields, while sterling struggled to retain gains following dovish comments from Bank of England (BoE) Governor Andrew Bailey on the central bank's rate outlook. The greenback slipped below 150 yen in early Asia trade and...


Sterling blips up after UK retail sales top expectations
Friday, 16 February 2024 21:26 WIB | Gbp/usd

The pound bounced on Friday after data showed UK retail sales grew at their fastest pace in nearly three years in January, beating expectations. Retail sales rose at a monthly rate of 3.4% in January, according to the Office for National Statistics, compared with forecasts for an increase of 1.5%...


Sterling edges up after faster-than-forecast wage growth
Tuesday, 13 February 2024 21:56 WIB | Gbp/usd

Sterling edges up after faster-than-forecast wage growth The pound edged higher on Tuesday after British wages excluding bonuses grew by more than forecast in the final three months of 2023 and the unemployment rate dropped to 3.8%. The pound was last up 0.1% against the dollar at $1.2640,...


Dollar Steady Near 6-Weeek Highs Ahead of US GDP; Eyes on ECB Meeting
Thursday, 25 January 2024 16:01 WIB | Us dollar

The dollar was broadly steady near a six-week high on Thursday, as investors await GDP and other data this week to gauge where U.S. rates are headed, while the euro was soft ahead of the European Central Bank's policy meeting later in the day. Data overnight showed U.S. business activity picked...


Sterling in Narrow Range Versus Dollar Before PMIs
Tuesday, 23 January 2024 02:13 WIB | Gbp/usd

The British pound held in a relatively tight range against the dollar on Monday as markets weighed up last week's mixed data releases and their impact on monetary policy. The pound was last little changed at $1.2708, in the middle of the $1.2597-$1.2825 range it has traded in since December...


Dollar Struggles on Rate Cut Expectations; Yen on Back Foot
Wednesday, 20 December 2023 17:10 WIB | Us dollar

The U.S. dollar slipped against most major currencies on Wednesday as traders continued to sell the currency on bets that the U.S. Federal Reserve will soon begin cutting interest rates, ahead of inflation data later this week. The exception was the yen, against which the dollar held firm after...


Dollar Feels the Heat of Fed's Rate Outlook
Friday, 15 December 2023 22:54 WIB | Us dollar

The dollar headed for its biggest weekly drop in five months on Friday as the prospect of rate cuts from the Federal Reserve against a tough line from central banks in Europe on monetary policy fed weekly gains in the euro and the pound. In an action-packed week for central banks, traders found...


GBP/USD Consolidates Gains Around The Mid-1.2700s Ahead Of UK, US PMI Data
Friday, 15 December 2023 15:19 WIB | Gbp/usd

The GBP/USD pair consolidates its gains around 1.2755 after retracing from 1.2793, the highest level since August during the early Asian session on Friday. The hawkish bias from the Bank of England (BoE) lends some support to the British Pound and lifts the GBP/USD pair. As widely expected, the...


Sterling Falls After Data Shows UK Economy Shrank In October
Wednesday, 13 December 2023 21:08 WIB | Gbp/usd

The pound fell on Wednesday, after data showed the UK economy shrank in October, which could strengthen the case for the Bank of England to signal at its meeting this week that it may cut interest rates sooner than many currently believe. The Office for National Statistics said UK gross domestic...


Sterling Flatlines as UK Wage Growth Slows, Focus on US Inflation
Tuesday, 12 December 2023 22:57 WIB | Gbp/usd

The pound struggled for direction on Tuesday after data showed British wage growth slowed in October but remained elevated, with investors focused on upcoming U.S. inflation figures. Sterling was last up 0.07% at $1.2564, while the euro was up 0.19% at 85.9 pence. The pound fell slightly after...


Sterling Steady, Dollar Wobbles as Markets Brace for Post-Thanksgiving Buzz
Monday, 27 November 2023 15:41 WIB | Us dollar

The dollar kicked off the last week of November on the back foot while sterling held near an over two-month high on an easing economic gloom in the UK, as traders eyed fresh economic cues in the week ahead to determine the future path of policy rates. A postponed OPEC+ meeting, data from the...


EUR/GBP Drops To New Low As UK PMI Data Outshines Eurozone
Friday, 24 November 2023 22:57 WIB | Eur/usd

The EUR/GBP pair reached a low of 0.8697 during the early European trading hours today, influenced by strong UK economic indicators. The market's attention is now focused on the upcoming German Q3 GDP and IFO Survey results, which are eagerly awaited for further insight into the eurozone's...


Dollar Beaten to Over Two-Month Low as Fed Cut Bets Take Charge
Monday, 20 November 2023 22:40 WIB | Gbp/usd

The dollar slid to a two-month low on Monday, extending a downtrend from last week as traders reaffirmed their belief that U.S. rates have peaked and turned their attention to when the Federal Reserve could begin cutting rates. The yuan struck three-month highs in both the onshore and offshore...


Yen's Slide to Multi-Decade Lows Keeps Markets on Intervention Alert
Tuesday, 14 November 2023 15:17 WIB | Usd/jpy

The battered yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan's (BOJ) ultra-easy monetary policy settings remained at odds with the prospect of higher-for-longer rates elsewhere. The Japanese currency similarly slumped to a...


GBP/USD Consolidates Below 1.2300, Awaits BoE Bailey And Fed Chair Powell's Speech
Wednesday, 8 November 2023 19:36 WIB | Gbp/usd

The GBP/USD pair lacks any firm intraday direction on Wednesday and oscillates in a narrow band below the 1.2300 mark during the Asian session. Spot prices, meanwhile, hold above the weekly low touched on Tuesday and for now, seem to have stalled this week's rejection slide from the 200-day Simple...



Sterling Gains as Risk Off Flows Reverse, Rebound vs Greenback Continues
Wednesday, 11 October 2023 00:45 WIB | Gbp/usd

Sterling rose on Tuesday, moving further off recent lows and rallying in line with a rebound across markets, as investment flows to safe-haven currencies and assets a day earlier caused by the war in the Middle East reversed somewhat. The pound was 0.5% higher against the Japanese yen at 182.5...



S&P 500 Rises Slightly, Tries to Recover from Back-to-Back Losses
Tuesday, 26 March 2024 20:38 WIB

U.S. stocks rose slightly Tuesday, as investors tried to resume the rally that took equities to record highs after a decline in the previous...

Market Review Tuesday, March 26, 2024
Wednesday, 27 March 2024 03:31 WIB

Nikkei Tokyo stocks ended flat on Tuesday as investors held out hope for gains in semiconductor-related shares while locking in profits after...

European stocks close slightly higher; Tui shares up 5%, Maersk falls 2.6%
Wednesday, 27 March 2024 00:11 WIB

European markets closed higher Tuesday as investors continue to ponder last week's central bank policy decisions in Europe and the U.S. The...

S&P 500 Closes Lower for a Third Straight Session as Market Rally Cools
Wednesday, 27 March 2024 03:26 WIB

The S&P 500 fell for a third consecutive session on Tuesday. The broader market index slid 0.28% to close at 5,203.58, while the Nasdaq...

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