The Pound Sterling (GBP) recovers as the appeal for risk-perceived assets improves but struggles to extend the upside. The upside in the GBP/USD pair
Pound Sterling struggles to extend upside amid multiple headwinds. Despite a significant improvement, the UK Services PMI failed to conquer the 50.0 threshold. Andrew Bailey remains confident of bringing down inflation to 5% or below by year-end. seems limited as the United Kingdom’s economy is approaching a slowdown due to vulnerable economic activities, potential inflation shocks, and deteriorating demand.
Investors already anticipated lower hiring at 153k. Soft labor market data is expected to fade expectations of one more interest rate hike from the Federal Reserve in the remainder of 2023, which were supported by Cleveland Fed Bank President Loretta Mester and Fed Governor Michelle Bowman. The US ISM Services PMI matched expectations at 53.6 but remained below the August reading of 54.5. New Orders dropped significantly to 51.8 against the former release of 57.5.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Pound Sterling Price News and Forecast: GBP/USD is seen consolidating in a narrow bandThe GBP/USD pair struggles to register any meaningful recovery and languishes near its lowest level since March 16, around the 1.2050 area touched the
Les mer »
Pound Sterling Price News and Forecast: GBP/USD is seen consolidating in a narrow bandThe GBP/USD pair struggles to register any meaningful recovery and languishes near its lowest level since March 16, around the 1.2050 area touched the
Les mer »
Pound Sterling Price News and Forecast: GBP/USD – Intraday and daily price signals are bullishAfter dipping to its lowest level since March below 1.2040 in the Asian session on Wednesday, GBP/USD gained traction and climbed above 1.2100. The te
Les mer »
Pound Sterling Price News and Forecast: GBP/USD trades sideways around 1.2160 amid the USD softnessThe GBP/USD pair remains flat above the mid-1.2100s during the Asian session on Thursday. In the absence of the top-tier economic data from the UK doc
Les mer »
British Pound (GBP) Latest: GBP/USD Boosted by PMI Beat, Can It Hold?Sterling is picking itself up from multi-month lows against the US dollar, buoyed by a better-than-expected S&P services report and weak US ADP data.
Les mer »
GBP/USD Price Forecast: Pound Plunges Towards 1.20The pound weakened against the USD after US Treasury yields rallied coupled with some hawkish Fed speak which will continue today.
Les mer »