Inflation Data and What Is Next For The British Pound? - July 20, 2025 6:07

Headwinds hit the British Pound as this week’s inflation numbers took a surprise jump in June and newly released labour data showed a steep climb in unemployment rates. Now the Bank of England is facing a tough decision on what to do next. The Office for National Statistics revealed that in June the annual inflation […]

Pressure Mounts on the British Pound Following Autumn Budget - November 3, 2024 13:35

After the publication of UK’s Autumn Budget, the British Pound (GBP) was under immense pressure this week. UK Chancellor Rachel Reeves nails consumers with £40 billion tax increases, the largest fiscal tightening since 1993. Immediately following the announcements, the Pound lost value as markets estimated how much the economy would suffer. Chancellor Reeves unveiled massive […]

Pound Holds Strong as Labour Wins with a Landslide - July 7, 2024 13:40

The British Pound Sterling is still on the rise on Friday, continuing the trend for the day when the Labour Party won the national election of the UK. The party got 410 seats in parliament and won the election. The concession of defeat by PM Rishi Sunak suggested that the governmental powers have shifted. Regarding […]

The Pound is in Freefall – When Will It Stop? - May 22, 2019 15:21

It’s been a rough old time for the British Pound. Since the start of the 2nd week of May it’s been completely freefalling. GBPUSD has dropped over 1000 pips to 1.26390 at the time of writing this. There has been no recovery, no respite, just continued weakness. It seems that nobody loves the Pound. The […]

GBP Gets Ready for an Unpredictable Day with Meaningful Vote 2 - March 12, 2019 11:34

All eyes are once again focused on the British Pound, with a crunch vote happening today on the deal which Theresa May has secured with the EU parliament. As news broke on Monday evening that there was now an agreement on the Northern Ireland backstop (which has been the main point of controversy throughout the […]

GBPUSD Rate Touched Pre-Brexit Levels and Begins To Fall - April 18, 2018 19:18

The early weeks gains have begun to fade for GBPUSD. After an indifferent start to 2018 cable finally found it’s mojo again in mid March to continue the climb from the horrendous lows of 2017. Last week seen the GBPUSD rate close positive every day, and Monday began with a follow through until in early […]

Weekly Forex Outlook - December 13, 2011 23:46

On Monday, government data on federal budget balance was reported in United States. Japan reported its preliminary data on machine tool orders, household confidence and corporate goods price index. In Switzerland, official data on employment level was released. On Tuesday, December 13th, 2011, official data on retail sales was published in United States while US […]

Weekly Outlook for Forex - November 29, 2011 23:54

On Monday, November 28th, 2011, United States reported its official data on new home sales while in euro zone, Germany published its preliminary data on consumer price inflation along with report on consumer climate. In United Kingdom, industry data on retail sales was released. New Zealand reported its data on business confidence on Monday. Today […]

US Dollar Recovers Versus its Rivals on Greece’s Debt Crisis - November 3, 2011 23:46

The US dollar gained versus its major rival currencies on Wednesday on dependence of Greece’s bailout package on the referendum announced by Greek officials. Strategist, Sue Trinh from RBC Capital Markets commented, “Headline risk remains acute as German Chancellor [Angela] Merkel and French President [Nicolas] Sarkozy speak with the Greek government, the International Monetary Fund […]