Pound Sterling pulls back ahead of US inflation data GBPUSD Technical Analysis Fundamental Analysis
Traders are gearing up for two big releases that will impact GBP/USD over the next two days – US Consumer Price Index inflation data on Wednesday and the Bank of England policy meeting on Thursday.
US Treasury bond yields have risen for three consecutive days, providing the US Dollar with some support, but yields are pulling back slightly on Tuesday, which could be a slight headwind for the USD. on Monday, was broadly negative and suggested credit conditions had tightened due in part to the fallout from the banking crisis. Although the impact on the US Dollar at the time of release was minimal, it may be a factor impacting on yields.
It would require a decisive break below the 1.2435 May 2 lows to challenge the dominance of the uptrend and suggest the chance of a bear reversal. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money.
If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.Information on these pages contains forward-looking statements that involve risks and uncertainties.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
MMA pound-for-pound rankings: Henry Cejudo back in Top 10, Aljamain Sterling debutsAljamain Sterling hasn't been in the Yahoo Sports pound-for-pound list despite holding the bantamweight title for more than two years. But after Sterling defeated Henry Cejudo on Saturday at UFC 288 via split decision, it's high time to change that.
Consulte Mais informação »
Boxing pound-for-pound rankings: Despite win, down goes Canelo AlvarezCanelo Alvarez dominated John Ryder on Saturday in their bout for the undisputed super middleweight title near Alvarez's hometown of Guadalajara, Mexico. Alvarez dropped Ryder once, beat him up badly and won an easy unanimous decision by scores of 118-109 twice and 120-107.
Consulte Mais informação »
Pound Sterling breaks to new 2023 highs as it changes the head on notes and coinsThe Pound Sterling (GBP), the oldest currency in the world, rises versus the US Dollar (USD) on Monday, as the island nation has crowned a new head fo
Consulte Mais informação »
BoE unlikely to disrupt the current positive Pound performance – MUFGThe Pound remains the top performing G10 currency in 2023, and the second best performing in Q2 to date. Economists at MUFG Bank do not expect the Ban
Consulte Mais informação »
U.S. dollar struggles, pound hits one-year highThe dollar remained relatively weaker against most of its major peers on Monday, as traders wait for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of potential recession.
Consulte Mais informação »
Santa Rosa traffic stop leads to 2 arrests, seizure of over a pound of cocaineA police officer in Santa Rosa who stopped a speeding car last Friday ended up arresting the two men in the vehicle and finding over a pound of cocaine hidden in a secret compartment in the car's trunk, authorities said.
Consulte Mais informação »