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Pound Sterling Holds Steady Despite US Core PCE Inflation Surprise

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The Pound Sterling (GBP) maintains its position above a two-week low of 1.2845 against the US Dollar (USD) in Friday’s American session. This stability comes despite the release of hotter-than-expected US core Personal Consumption Expenditures (PCE) price index data for June. Market Reaction: The core PCE inflation, a key indicator for the Federal Reserve (Fed), […]

Pound Sterling faces an intense sell-off

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The Pound Sterling (GBP) remains on a bearish trajectory as investors worry about the UK’s economic outlook. The GBP/USD pair weakens further as a persistent Consumer Price Index (CPI) and a restrictive interest rate policy by the Bank of England (BoE) continue to accelerate the burden on households. The outlook for the GBP/USD pair worsened […]

The EUR/USD skidded to a Monday low of 1.0575

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The EUR/USD fell off of recent action to settle at a fresh six-month low at the 1.0660 handle. Broadbase US Dollar (USD) support is helping to exacerbate Euro (EUR) declines sparked by dovish central bank comments coming out of Europe on Monday. The European Central Bank’s (ECB) President Christine Lagarde hit newswires on Monday, noting […]

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