Category: GBP
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Capital Daily sees further GBP decline amid BoE policy stance By Investing.com
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The British pound on Thursday saw a significant decline, which Capital Daily analysts attribute to a combination of factors including the Bank of England’s (BoE) dovish monetary policy outlook, the currency’s high valuation, and extended speculative positions. The pound’s more than 1% drop against both the US dollar and the…
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Credit Agricole: GBP emerges as a high-yielder post-BOE meeting
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GBPUSD Daily Following the Bank of England’s decision to hold interest rates, Credit Agricole highlights the emerging status of sterling as a high-yielding currency, supported by the possibility of future easing. Key points: Bank of England decision and future guidance: The Bank of England left interest rates unchanged in September,…
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UBS shifts to bearish US dollar view, sees potential GBP strength By Investing.com
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UBS advised investors to sell any potential short-term gains in the US dollar and adopt a more bearish stance on the currency in the medium term. The bank expects a possible corrective recovery in September, especially if the Fed’s reluctance to implement more than 25 basis points of interest rate…
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UBS shifts to bearish US dollar view, sees potential GBP strength By Investing.com
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UBS advised investors to sell any potential short-term gains in the US dollar and adopt a more bearish stance on the currency in the medium term. The bank expects a possible corrective recovery in September, especially if the Fed’s reluctance to implement more than 25 basis points of interest rate…
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UBS sees stable EUR/GBP with slight GBP advantage By Investing.com
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UBS Bank indicated on Tuesday a stable outlook for an average With a slight bearish bias for the pair, the stability is attributed to similar monetary policy cycles between the Bank of England and the European Central Bank. UBS noted that the Bank of England’s decision to cut interest rates…
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BofA likes the USD lower and GBP higher
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US Dollar: Bearish The central bank expects the US dollar to weaken in the medium term due to the expected rate cuts by the Fed and slowing growth in the US. However, the downside is somewhat balanced by the fact that a significant amount of easing has already been priced…
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HSBC: What’s next for GBP after its resilience year-to-date?
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GBP/USD Daily HSBC analyses the factors behind sterling’s strong performance in 2024 and discusses potential challenges ahead. While the currency has been resilient due to rising interest rates, HSBC warns that the outlook may not remain favourable, especially with further rate cuts expected from the Bank of England. Key points:…
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ANZ: USD and GBP outlook for the coming week
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ANZ Bank provides insights into the outlook for the US Dollar and Sterling in the week ahead, focusing on the impact of recent macroeconomic data and positioning trends. Key points: US Dollar Forecast: Macroeconomic stability: Despite market reactions suggesting otherwise, ANZ believes the macroeconomic backdrop in the US is not…
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The CHF is the strongest and the GBP is the weakest as the NA session begins
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As the North American session began, the Swiss Franc (and the Australian Dollar) were the strongest and the British Pound the weakest. The US Dollar was also weaker at the start of the US session. Yields fell on the day (but are still near their highs for the day) which…
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Credit Agricole: GBP remains a best G10 FX bet despite risk aversion
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GBPUSD Daily Credit Agricole sees sterling as one of the best performing G10 currencies, despite recent setbacks due to a return to risk aversion and firmer-than-expected UK inflation. Sterling’s relative strength is driven by expectations that the Bank of England will hold interest rates steady, cementing its position as the…
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Credit Agricole: GBP remains a best G10 FX bet despite risk aversion
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GBPUSD Daily Credit Agricole sees sterling as one of the best performing G10 currencies, despite recent setbacks due to a return to risk aversion and firmer-than-expected UK inflation. Sterling’s relative strength is driven by expectations that the Bank of England will hold interest rates steady, cementing its position as the…
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USD continues its run to the upside. Dollar at new highs vs EUR, GBP, JPY, CHF AUD & NZD
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The US dollar continues to rise in an uptrend, with the US dollar making new highs against all major currency pairs except the Canadian dollar. Euro against the US dollar. EURUSD is testing the 38.2% retracement level of the upward move from the May 1 low. This level comes at…