The Pound (GBP) slid as reports suggested a sharper productivity downgrade from the Office for Budget Responsibility (OBR) could blow a roughly £20bn hole in the public finances, stoking expectations ...
Pantheon Macroeconomics expects the UK economy to grow 0.2% in Q3, citing firm activity data and improving sentiment. “GDP and retail sales have held up better than feared,” the firm said. “The flash ...
Despite the recent correction from record highs, UBS says the pullback is temporary and continues to forecast gold at $4,200 ...
Danske Bank described the euro’s pullback as part of a “tactically bearish but strategically bullish” outlook. “The USD leg continues to drive price action,” the bank said, noting that Fed Chair ...
For the third consecutive meeting, the ECB held its benchmark deposit rate at 2.00%, the main refinancing rate at 2.25%, and the marginal lending facility at 2.50%. President Christine Lagarde struck ...
Rabobank has raised its 6-month AUD/USD target from 0.66 to 0.67, and continues to favour buying dips in AUD/NZD below 1.14, targeting 1.15 into next year.
Scotiabank warned that “a break above the 1.4020–1.4025 area could propel the USD to new short-term highs above 1.41,” while noting near-term support around 1.3975 and 1.3890–1.3900. Current USD/CAD ...
The Pound to Dollar (GBP/USD) exchange rate was largely unchanged on Thursday as markets digested the Federal Reserve’s latest rate cut and a cautious message from policymakers. Latest — Exchange ...
The Pound (GBP), meanwhile, remained subdued as fiscal concerns continued to cap gains. Ongoing speculation that Chancellor ...
On the technical side, Scotiabank notes that GBP/USD remains bearish in the short term, but key support has been found at 1.3140, the low seen in May and August, and a major retracement level of the ...
The Pound to Canadian Dollar ( GBP/CAD) exchange rate steadied on Thursday after a volatile week, holding just above ...
The US dollar climbed against both sterling and the euro, with GBP/USD easing to 1.318 and EUR/USD drifting toward 1.159. The move reflects a shift in expectations that the Fed may pause earlier than ...
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