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The GBP/USD pair declined to 1.3366 on Wednesday, reflecting intensified selling pressure on the pound. Sterling’s weakness stems from a sharp rise in UK government bond yields and broader global concerns regarding fiscal stability. The yield on 30-year gilts climbed to 5.695%, marking its highest level in 25 years. This surge highlights mounting borrowing costs […]

The post GBP/USD Tumbles: Investors Lose Confidence in UK Fiscal Sustainability appeared first on Action Forex.

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Pound and Euro Hold Ground—Statistics in Focus

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Australian GDP Beats Estimate, Aussie Edges Higher

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31/01/2025

Gold at Record High

The European Central Bank (ECB) cut the interest rates yesterday for the fifth time, and pulled the facility deposit rate to 2.75%. The euro reacted by giving a positive reaction to the expected move. But enthusiasm didn’t last beyond ECB Chief Christine Lagarde’s presser, where she reminded investors that growth risks remain ‘tilted to the […]
25/04/2025

Gold Probes Again Through Key Supports But Initial Signals Still Need Confirmation

Gold price fell on Friday after recovery attempts previous day failed to regain pivotal barriers at $3371 (broken Fibo 23.6% of $2956/$3500) and $3400 (psychological) and signal that corrective phase off new all-time high is over. Fresh weakness probes again through lower triggers at $3300 (psychological) and $3292 (Fibo 38.2% of $2956/$3500) with weekly close […]
13/11/2024

Australia: Wage Inflation Moderating as Expected

First Impressions: The WPI rose 0.8% in the September quarter, on par with Westpac’s forecast and below the market consensus of 0.9%. The market range was from 0.8% to 1.0%. On an annual basis, wages are up 3.5%yr, down from 4.1%yr in June and the peak of 4.2%yr in December 2023. Wage inflation has continued […]