GBP/USD rallied to a 15-month high of 1.2934 after a solid employment report in the United Kingdom (UK) increased the chances the Bank of England (BoE) will need to raise rates further. That, alongside broad US Dollar (USD) weakness, underpinned the GBP/USD pair. The GBP/USD trades at 1.2923 after hitting a daily low of 1.2853. Read More….
The Pound Sterling (GBP) has sensed selling pressure after a north-side vertical move above the round-level resistance of 1.2900 as labor cost data has turned out more resilient than expected. The GBP/USD pair has picked immense strength as chances of a bulky interest rate hike from the Bank of England (BoE) have escalated, knowing the fact, that higher disposable income available to households will result in higher purchasing power, and eventually the overall demand will elevate further. Read More…
Further upside could motivate GBP/USD to challenge and even surpass the 1.2900 yardstick, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More…
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Automotive / EVs, Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- BlockOffsets. Modernizing Environmental Offset Ownership. Access Here.
- Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-usd-hits-15-month-peak-amid-uk-jobs-surge-usd-weakness-202307120300
- :has
- 1
- 12
- 13
- 9
- a
- above
- According
- After
- alongside
- Amid
- and
- AS
- At
- available
- BoE
- broad
- challenge
- chances
- Chart
- Cost
- could
- daily
- data
- Demand
- Dollar
- Economist
- ELEVATE
- employment
- Even
- eventually
- expected
- fact
- Forecast
- from
- further
- GBP
- GBP/USD
- Group’s
- Have
- High
- higher
- Hike
- Hits
- hitting
- households
- HTTPS
- immense
- in
- Income
- increased
- interest
- INTEREST RATE
- interest rate hike
- Jobs
- Kingdom
- Knowing
- labor
- Lee
- Low
- Markets
- more
- Need
- news
- of
- out
- overall
- pair
- Peak
- picked
- plato
- Plato Data Intelligence
- PlatoData
- pound
- pound sterling
- power
- pressure
- price
- purchasing
- raise
- Rate
- Rate Hike
- Rates
- report
- resilient
- Resistance
- result
- Selling
- solid
- sterling
- Strategist
- strength
- sue
- surge
- surpass
- than
- that
- The
- the United Kingdom
- to
- trades
- Turned
- Uk
- underpinned
- United
- United Kingdom
- United Kingdom (UK)
- UOB
- Upside
- us
- US Dollar
- USD
- vertical
- weakness
- will
- zephyrnet
More from FX Street
Natural Gas extends rally on storage data, European plant outages, hotter weather
Source Node: 2136713
Time Stamp: Jun 17, 2023
Forex Today: Dollar holds firm, focus turns to inflation data
Source Node: 2285628
Time Stamp: Sep 22, 2023
Gold Price Forecast: XAU/USD recovers further from multi-week low, back above $1,915 level
Source Node: 2271078
Time Stamp: Sep 14, 2023
DoubleLine’s Gundlach: Odds of a 2023 Fed rate cut are a ‘coin flip’
Source Node: 1933221
Time Stamp: Feb 1, 2023
USD/CAD gains traction around 1.3460 ahead of US Retail Sales, Canadian CPI
Source Node: 2213059
Time Stamp: Aug 14, 2023
USD/CHF gains momentum above the 0.8800 mark, eyes on the Swiss Trade data, Fed’s Powell
Source Node: 2224730
Time Stamp: Aug 20, 2023
![McDonald’s Corp. Elliott Wave technical analysis [Video]](https://platoaistream.net/wp-content/uploads/2024/03/mcdonalds-corp-elliott-wave-technical-analysis-video-360x209.png)
McDonald’s Corp. Elliott Wave technical analysis [Video]
Source Node: 2513478
Time Stamp: Mar 13, 2024
WTI struggling to recapture $90 heading into the end of the week
Source Node: 2287193
Time Stamp: Sep 23, 2023
USD/INR Price Analysis: Weekly hurdle prods Indian Rupee recovery near 82.20
Source Node: 2096634
Time Stamp: May 17, 2023
