Firm US dollar after the previous day's surge in U.S. yields, weighs on the GBP/USD. The ''Partygate'' scandal creates political uncertainty in UK and in turn weighs on the pound. Formal talks between US and UK and the Cautious optimism on the UK inflation data favors the Pound. The Britain Pound seesaws against the [...]
Upbeat UK manufacturing data which is much higher than expectation favors the British pound. Brexit referendum vote supports the pound to edge higher against the greenback. US dollar is under pressure due to some of the less hawkish by Fed Powell. Sterling traded high against the greenback on Friday after robust UK economic data [...]
Pound trades low against the greenback during the Tuesday morning Asian session. A jump in Treasury yields overnight as traders bet on an early Federal Reserve interest rate hike despite of the surging COVID-19 cases, favored the US dollar. The coronavirus fears in the UK and Brexit woes also underpins the bearish trend of the [...]
Pound seems to recover against the greenback during early Wednesday. The GBP/USD quote is seen to cheer the market’s optimism the previous day to snap a two-day downtrend. However the Omicron fears and Brexit woes challenge the pound and the cable traders are keen on the upcoming GDP quarterly report. Omicron infections are multiplying across [...]
