Trade the GBPUSD today using our forexsignal here:
The GBP/USD pair had another tough week as the US dollar strength accelerated. The dollar index surged above $108 for the first time in over 20 years after the strong inflation data. The numbers revealed that the country’s headline inflation surged to a 40-year high of 9.1%.
Therefore, the dollar strengthened as investors reacted to the possibility that the Federal Reserve will continue tightening in the coming months. Analysts moved their expectation from a 0.75% rate hike to about 100 basis points.
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 aims establishment above 1.1900, spotlight is on UK employment and inflation dataThe GBP/USD pair has rebounded strongly after a mild correction towards 1.1880 in the early European session. The cable has refreshed its intraday low
Read more »
GBP/USD retreats towards 1.1850, UK politics, wage increase and inflation eyedGBP/USD fails to extend the corrective pullback from a 28-month low as traders await the key political plays in the UK, not to forget headlines regard
Read more »
UK prepares for health emergency with 50 per cent chance of 40°C heatThe Met Office says there is now a 20 per cent chance of temperatures hitting the milestone of 40°C for the first time, and a 40 per cent chance of a new record
Read more »
UK Gets Ready for Travel Disruptions as Temps May Hit 104 FThe British government was holding an emergency response meeting to plan for record high temperatures next week after authorities issued their first-ever “red” warning for extreme heat.
Read more »
Limp Bizkit Postpones U.K. and Europe Tour Due to Fred Durst’s ‘Health Concerns’The nu-metal group insists the U.K. and Europe dates will be rescheduled. “Stand by for further news,” a statement adds.
Read more »