British Pound Sterling collects a refund on the Fed hike that never came
The Federal Reserve (Fed) held its target range at 3.50% to 3.75% at 18:00 GMT on a 9-3 vote, with three voting members preferring an immediate quarter-point increase. Sterling read that as a refund rather than a warning, spiking roughly 40 pips into the 1.3350 area within minutes and printing its best level in two days. Futures pricing carried better than a third of a hike into the meeting, and that premium came out of the US Dollar on the headline. Read More…
British Pound holds below 1.33 as Trump warns Iran, Oil jumps
The Pound Sterling holds firm on Wednesday as the US-Iran conflict escalates, with US President Donald Trump warning of further attacks on Iran in retaliation for Tehran’s strikes on US forces in Jordan. The GBP/USD trades below 1.3300, barely unchanged. Read More…
British Pound languishes below 1.3300 heading into Fed and BoE decision
The British Pound (GBP) has given away previous gains against the US Dollar (USD) on Wednesday and remains practically flat in the daily chart, trading below 1.3300 and on track to complete a nearly 1.20% decline over the last two weeks. Growing concerns about UK PM Burnham’s welfare reforms and an adverse monetary policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) are hammering the Pound ahead of key monetary policy decisions. Read More…
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