The Pound Sterling (GBP) discovered buying interest after the United Kingdom ONS reported that inflation in September remained higher than expectation
Pound Sterling attempts a recovery move as the UK’s inflation report turned out stickier than anticipated. UK’s headline and core inflation landed higher than expectations at 6.7% and 6.1% respectively. The market sentiment remains risk-off ahead of US President Joe Biden’s visit to Israel. s. The GBP/USD pair could come out of the woods as the stalled inflation report would elevate risks of further policy-tightening by the Bank of England in the November monetary policy meeting.
7%, boosted by higher automobile demand and spending on dining out. The economic data excluding automobiles rose by 0.6%, almost at a double pace from expectations. Meanwhile, investors await the speech from Federal Reserve Chair Jerome Powell, scheduled for Thursday. It would be worth watching whether Fed Powell would join his teammates and favor an unchanged interest rate policy or will deliver hawkish guidance. Technical Analysis: Pound Sterling recovers to near 1.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/JPY testing up into 182.50 in Monday relief bid for Pound SterlingThe GBP/JPY is seeing gains for Monday, trading into 182.50 after Friday's dip into 181.27 on broad-market risk aversion. The Pound Sterling (GBP) is
Read more »
Pound Sterling Price News and Forecast: GBP/USD sellers await a drop below 1.2130GBP/USD struggling to stage a rebound [Video] GBPUSD has been forming a structure of lower highs and lower lows since its 16-month peak of 1.3141. Mea
Read more »
Pound Sterling retreats as wage data softens, Israel-Hamas conflicts escalateThe Pound Sterling (GBP) retreats after soft wage data dampens consumer spending outlook and elevate hopes of continuation of a neutral interest rate
Read more »
Pound Sterling Outlook: BoE Focused on Diverging Domestic DataUK inflation has shown limited progress as the BoE welcomes easing jobs data. UK average earnings, however, remains a problem for the monetary policy committee
Read more »
Pound Sterling Price News and Forecast: GBP/USD clings to modest intraday gains above mid-1.2100sGBP/USD closed the last two trading day of the previous week in negative territory. Although the pair managed to stage a modest rebound early Monday,
Read more »
Pound Sterling Price News and Forecast: GBP/USD recovers from the recent losses ahead of UK CPIGBP/USD retraces the recent gains registered in the previous session, trading lower around 1.2200 during the Asian session on Tuesday. The pair moves
Read more »