For the third consecutive meeting, the ECB held its benchmark deposit rate at 2.00%, the main refinancing rate at 2.25%, and the marginal lending facility at 2.50%. President Christine Lagarde struck ...
Rabobank has raised its 6-month AUD/USD target from 0.66 to 0.67, and continues to favour buying dips in AUD/NZD below 1.14, targeting 1.15 into next year.
Scotiabank warned that “a break above the 1.4020–1.4025 area could propel the USD to new short-term highs above 1.41,” while noting near-term support around 1.3975 and 1.3890–1.3900. Current USD/CAD ...
The Pound to Dollar (GBP/USD) exchange rate was largely unchanged on Thursday as markets digested the Federal Reserve’s latest rate cut and a cautious message from policymakers. Latest — Exchange ...
The Pound (GBP), meanwhile, remained subdued as fiscal concerns continued to cap gains. Ongoing speculation that Chancellor ...
On the technical side, Scotiabank notes that GBP/USD remains bearish in the short term, but key support has been found at 1.3140, the low seen in May and August, and a major retracement level of the ...
The Pound to Canadian Dollar ( GBP/CAD) exchange rate steadied on Thursday after a volatile week, holding just above ...
The US dollar climbed against both sterling and the euro, with GBP/USD easing to 1.318 and EUR/USD drifting toward 1.159. The move reflects a shift in expectations that the Fed may pause earlier than ...
Fresh warnings from the Office for Budget Responsibility (OBR) that the UK faces a £20 billion fiscal shortfall continued to ...
The Pound (GBP) remained on the back foot mid-week, extending losses as markets continued to digest warnings from the Office for Budget Responsibility (OBR) about a looming £20 billion fiscal gap.
The Pound to US Dollar (GBP/USD) exchange rate extended losses on Wednesday after the Federal Reserve delivered a widely expected 25bps rate cut, while UK fiscal concerns continued to weigh on ...
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