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GBP/USD Weekly Forecast: Pound Sterling appears ‘sell-the-bounce’ trade
1729261921 from fxstreet
The Pound Sterling (GBP) fell for the third consecutive week against the US Dollar (USD), as the GBP/USD pair tested levels below the 1.3000 round level for the first time since mid-August before staging a late recovery.
EUR/GBP declines to year-to-date lows after UK Retail Sales, ECB meeting
1729258796 from FXStreet
EUR/GBP declines to fresh year-to-date lows of 0.8295 on Friday as the Pound Sterling (GBP) appreciates against the Euro (EUR) following the release of data showing British shoppers spending extravagantly in September.
Pay growth in Great Britain falls below 5%, making interest rate cut more likely
1728982108 from GUARDIAN
Gap between wages and inflation narrows in August, as UK unemployment rate dips to 4% Cooling labour market adds to Reeves’s tax-raising dilemma Business live – latest updates The growth in employee annual earnings in Great Britain has fallen below 5% for the first time in more than two years, closing the gap between wages and inflation and increasing the likelihood of a further cut to interest rates. Staff pay, excluding bonuses, rose by 4.9% in the three months to August compared with the same period a year earlier, down from 5.1% in the three months to July, according to the Office for National Statistics (ONS). Continue reading...
GBP/USD falls closer to 1.3000 psychological level on USD strength
1728978273 from FXStreet
GBP/USD edges lower into the 1.3040s on Tuesday as a result of continued US Dollar (USD) strength, which comes from reduced bets the US Federal Reserve (Fed) will need to be as aggressive at slashing interest rates as previously thought.
EUR/GBP Price Analysis: Near-term bias tilts bearish as cross gives up 20-day SMA
1728921460 from FXStreet
In Monday's session, the EUR/GBP declined and settled lower at around 0.8350, below the 20-day Simple Moving Average (SMA), a development that worsens the technical outlook and reinforce the short-term bearish bias The EUR/GBP pair has been unable to sustain gains above the 0.8400 resistance level, indicating that the bulls are struggling to regain control.
GBP/USD Price Forecast: Bears have the upper hand, 50-day SMA breakdown in play
1728896617 from FXStreet
The GBP/USD pair extends its sideways consolidative price move at the start of a new week and oscillates in a narrow trading band around mid-1.3000s through the first half of the European session.
Wage Growth for UK’s Lowest-Paid Keeps BOE Wary of Inflation
1728880603 from FPOST
Britain’s lowest-paid workers are enjoying red-hot pay growth, thanks in part to a huge minimum-wage increase in April. That’s good news for households struggling after a brutal cost—of-living crisis, but not for the Bank of England’s inflation fight.