Pound Sterling Price News and Forecast: GBP/USD slips as soft UK CPI clips BoE hike bets

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British Pound slips as soft UK CPI clips BoE hike bets

The Pound Sterling retreats towards 1.3400 on Wednesday after the latest UK inflation report, forcing investors to reassess hawkish bets on the Bank of England, while solid US Retail Sales boost the Greenback, supported by US exceptionalism. The GBP/USD trades with losses of over 0.22%. Read More...

British Pound dips to weekly lows following soft UK inflation figures

The British Pound (GBP) extends losses against the US Dollar (USD) on Wednesday, with the GBP/USD pair hitting a weekly low of 1.3410 at the time of writing. Softer-than-expected UK Consumer Price Index (CPI) figures have provided further reasons for the Bank of England (BoE) to keep interest rates on hold in the coming months, which has hurt speculative demand for the Cable. Read More...

United Kingdom CPI inflation holds steady in April: What 2.8% means for British Pound

The United Kingdom (UK) headline Consumer Price Index (CPI) climbed 2.8% over the year in May, compared to a rise of 2.8% in April, the data released by the Office for National Statistics (ONS) showed on Wednesday. The UK inflation reading was well above the Bank of England’s (BoE) 2% inflation target. Read More...

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GBP/USD flirts with tops near 1.3470

GBP/USD manages to regain composure and challenge the area of daily highs around 1.3470 on Friday. Cable picks up pace despite marginal gains in the Greenback in a context of swelling geopolitical tensions and rising global oil prices.

EUR/USD trims losses, back above 1.1500

EUR/USD picks up some pace and bouces off earlier lows, reclaiming the 1.1500 threshold and beyond at the end of the week. The pair’s modest pullback follows a persistent risk-averse market mood and renewed buying interest for the US Dollar.

Gold: The $4,000 mark holds the downside for now

Gold faces renewed selling pressure, falling sharply toweard the $4,000 mark per troy ounce as the US Dollar regains momentum. Escalating US-Iran tensions are keeping inflation concerns and expectations of further Fed rate hikes alive, weighing further on the yellow metal.

Bitcoin eyes 50-day EMA breakout, Ethereum consolidates, XRP steadies

Bitcoin, Ethereum, and Ripple trade near key technical levels on Friday as the broader cryptocurrency market pauses following last week's recovery. BTC is approaching the 50-day Exponential Moving Average while ETH continues to consolidate between two major EMAs.

Warsh needs to restore his reputation

We were glad to see our deeply negative reaction to the Warsh press conference was not some personal peculiarity. Just about everybody in the financial press felt the same way. The consensus is building it’s not the Fed in the dog-house but only Warsh. Today the WSJ changed it tune and blasted Warsh—"the honeymoon is already over..”

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.