poundsterling

UK Currency (GBP) On Fire! Investors Hunt for Interest Rate Clues...

Witriyani Fri, 23 Feb 2024

On Friday, the UK currency (GBP) experienced uncertainty as investors awaited new guidance regarding interest rates from the Bank of England (BoE). The GBP/USD pair moved sideways due to calm market s

Risk sentiment supports the performance of the pound sterling

Haryanto Tue, 29 Aug 2023

Jakarta, GIC Trade – The GBP/USD currency pair continued its rise on Tuesday due to dismal U.S. Treasury yields. Meanwhile, China's fiscal stimulus sparked cautious optimism and weakene

Pound Sterling Moves Sideways Ahead of US Inflation Data

Haryanto Thu, 10 Aug 2023

Jakarta, GIC Trade – The pound sterling is in the $1.27-1.28 range, not far from the one-month low reached last Thursday after the Bank of England (BoE) raised interest rates by 25bps, a reducti

Higher Interest Rates Weigh on the Pound Sterling

Haryanto Tue, 25 Jul 2023

Jakarta, GIC Trade – The pound sterling remains under pressure amid a cautious atmosphere, struggling to rise around 1.28000 during Tuesday's trading session. The pressure on the pound

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UK recession worries, sterling plunges

Haryanto Wed, 28 Jun 2023

Jakarta, GIC Trade – The pound remained pressured amid market caution ahead of a keynote speech from BoE leaders, the Fed. Gilt/UK two-year bonds surged to a 15-year high, the market placin

BOE to Raise Interest Rates, Pound Sterling Prints Highest Price

Haryanto Mon, 08 May 2023

Jakarta, GIC Trade – The pound has printed a new weekly high of 1.2653 amid a sell-off in the USD Index after the release of unimpressive US employment data has strengthened the Federal Res

UK Average Income Rises, Pound Sterling Soars

Haryanto Tue, 18 Apr 2023

Jakarta, GIC Trade – The pound has risen above 1.2400 boosted by better-than-expected UK average earnings data. The UK's Office for National Statistics (ONS) has reported optimistic Fe

Greenback Tough, Pound Sterling Depreciation

Witriyani Wed, 22 Feb 2023

Jakarta, GIC Trade – The pound was under selling pressure in Wednesday's trade amid hawkish stance from the Fed that supported the greenback and weighed on the cable. However, expectations

UK Inflation Worried, Pound Sterling Pressured

Witriyani Wed, 15 Feb 2023

Jakarta, GIC Trade – The pound was weighed down by the strengthening of the US dollar amid rising US bond yields and hawkish Fed officials' statements supporting the US dollar rebound. T

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BOE Report, Boosting Pound Higher

Witriyani Thu, 09 Feb 2023

Jakarta, GIC Trade – The pound received a strengthening boost for the third day in a row and climbed to a new weekly high. Where the market's buying interest in cable/pound sterling in

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Fed vs BOE Interest Rates, Pound Sterling Worried

Witriyani Mon, 30 Jan 2023

Jakarta, GIC Trade – The pound sterling in Monday's trading, moving in a relatively limited range, as market participants were reluctant to take new positions ahead of the central bank

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Critical! UK Business Activity Falls, Pound Sterling Crashes

Witriyani Tue, 24 Jan 2023

Jakarta, GIC Trade – The January data report highlights a continued decline in services sector activity in the UK. The decline in services was driven by higher interest rates and low c

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