The economic calendar is muted on Thursday, with no major data from the United States and the UK.
Sterling was trading at 1.2080, which was a few pips above this week’s low of 1.1970. This price is much lower than the year-to-date high of 1.2457 as focus shifts to the upcoming UK GDP data.The GBP/USD price has dropped from its highest point this year as the US dollar index staged a strong comeback. The dollar index, which was approaching $100 earlier this month, has jumped to $103 after mixed signals from the US.
Despite all this, many companies have continued hiring, with the number of vacancies remaining at over 10 million and the unemployment rate falling to 3.4%. As a result, the low jobless rate means that the Fed could take longer than expect to win its inflation data.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forex Signal: To Drop to 1.1900 if This HappensGBPUSD FOREX SIGNAL: The GBP/USD price has been in an overall downward trend after peaking at 1.2453 on January 23rd.
Read more »
GBP/USD Forex Signal: Bearish Ahead of UK GDP DataGBP/USD was flat on Thursday amid mixed signals about the American economy.
Read more »
EUR/USD Forex Signal: Strong Bullish Bounce at 50-Day SMAThe valid long-term bullish trend survives after the strong recovery from an initial fall in price.
Read more »
EUR/USD Forex Signal: Consolidates Ahead of German InflationThe EUR/USD pair pulled back amid a significant risk-off sentiment among investors.
Read more »
GBP/USD struggles around mid-1.2000s amid downbeat options market signals, mixed UK catalystsGBP/USD struggles around mid-1.2000s amid downbeat options market signals, mixed UK catalysts – by anilpanchal7 GBPUSD Options RiskAppetite Markets GDP
Read more »
GBP/USD drops to fresh one-month low, eyes 200-day SMA around mid-1.1900sThe GBP/USD pair attracts fresh sellers following an intraday uptick to the 1.2055 area and turns lower for the fourth successive day on Tuesday. Spot
Read more »