GBP/USD Outlook: Doubts over further BoE rate hikes favour bears, focus on FOMC minutes
GBP/USD came under intense selling pressure on Tuesday in reaction to disappointing UK PMIs. The
Financial and Business News
GBP/USD came under intense selling pressure on Tuesday in reaction to disappointing UK PMIs. The
The Rising Wedge formation is advocating for pound bulls going forward. A progressive range shift
UK Manufacturing PMI drops to 54.6 in May, misses estimates. Services PMI in the UK
Market participants are aware that the Brexit issue is about to be escalated once again
GBP/USD attracted some dip-buying on Tuesday amid renewed USD weakness. A goodish pickup in the
The UK Retail Sales came in at 1.4% MoM in April, an upside surprise. Core
GBP/USD regained positive traction on Thursday and recovered a part of the overnight slump. Retreating
Uncertainty about peak inflation in the US continues to support the dollar. Beijing's zero covid
UK Finance Minister Rishi Sunak attributes the 9% jump in the Kingdom’s annualized inflation rate
A combination of factors prompted aggressive short-covering around GBP/USD on Tuesday. The British pound drew