[GBP/USD] Focus on UK GDP
Last week, the British pound (GBP) reached this year’s highest value at 1.3788, but since then, it has slowly gone down. Today, the market is watching the UK’s May GDP …
[GBP/USD] BOE Meeting and Dollar Rebound
At first, the British pound went down to 1.3383 because people were buying US dollars due to worries about a possible US attack on Iran. Later, news said the US …
[GBP/USD] Will It Start Falling?
The British pound rose above 1.30 after the Federal Open Market Committee (FOMC) meeting showed a softer stance than expected. However, in the European market, the pound fell as traders …
[GBP/USD] Bank of England (BOE) Maintains Tight Policy
Yesterday, during London trading hours, BOE MPC member Mann said that the Bank of England (BOE) will continue its tight monetary policy in the future. This was surprising because, in …
[GBP/USD] Bank of England (BOE) Rate Cut Expectations and Tariff Issues
Last week, the Bank of England (BOE) lowered interest rates by 0.25% to 4.5%, as expected. However, two of the nine BOE members wanted a bigger cut of 0.5%, making …
[GBP/USD] UK CPI Decline Sparks Rate Cut Expectations
Yesterday, the UK December Consumer Price Index (CPI), including core CPI, came in lower than expected, causing the pound to weaken. Additionally, comments by MPC member Taylor, suggesting it makes …
[GBP/USD] Pound Buying Despite BOE Rate Cut
The pound initially fell to 1.2835 due to strong dollar buying and pound selling from the “Trump rally,” but it later rose to the 1.29 mid-range. However, ahead of the …