The Pound Sterling (GBP) strives for a cushion, remaining vulnerable due to persistent inflation fears. The GBP/USD pair struggles for traction as the
Pound Sterling finds some support after a fresh four-day low as room remains open for further policy-tightening by the BoE. A slowdown in progress in achieving 2% inflation has escalated hawkish BoE bets. The market mood remains risk-off amid increasing Israel-Hamas tensions. UK Consumer Price Index report for September released on Wednesday showed inflation remains stubborn due to higher Oil prices, services inflation and strong wage growth.
The US Dollar remains firm against risk-perceived currencies ahead of the speech from Federal Reserve Chair Jerome Powell. It is highly likely that Powell will support the stance of keeping interest rates higher for a longer period to ensure the achievement of bringing back inflation to the 2% target. Jerome Powell may refrain from discussing the appropriateness of further policy tightening as higher US Treasury yields seem sufficient to lower overall spending and investment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 attracts bids after sticky UK inflation reportThe Pound Sterling (GBP) discovered buying interest after the United Kingdom ONS reported that inflation in September remained higher than expectation
Read more »
Pound Sterling Price News and Forecast: GBP/USD extends losses around 1.2170, awaits UK CPIFollowing a quiet Asian session, GBP/USD edged higher to the 1.2200 area in the European morning on Wednesday. The technical outlook is yet to point t
Read more »
Pound Sterling Price News and Forecast: GBP/USD loses traction around 1.2123 amid a rise in US Treasury yieldsGBP/USD remains under selling pressure below the mid-1.2100s during the early European session on Thursday. A rise in the US Treasury bond yields and
Read more »
400-pound pig's big move from behind bars to the barnFred the pig was spotted around traffic and tearing up landscaping in Aurora before being captured. Now, the Aurora Animal Shelter is finding Fred a new home.
Read more »
Fred's fresh start: 400-pound pig at center of Aurora crime spree finds new homeSydney Isenberg is an Emmy-nominated digital content producer with Denver7 (KMGH) in Denver, Colorado. She began her career in Bakersfield, California, after graduating from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University in 2018.
Read more »