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The GBPUSD pair has fallen sharply for five days, reaching its lowest point since November 2023, around 1.2120. The British Pound has been struggling due to concerns about “stagflation,” which combines high inflation with weak economic growth. Adding to the pressure, rising UK government bond yields after the Labour government’s budget plan in October have […]

The post GBPNZD Maintains Bullish Outlook appeared first on Action Forex.

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Inflation Watch: UK Softer-Than-Expected, US Next

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19/12/2023

Will UK CPI Please the Market Ahead of Festive Break?

Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market expectations and the Fed setting the scene for a dovish round of central bank gatherings, […]
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Brent Crude Oil Faces Demand Concerns Despite Recent Gains

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22/12/2023

USDCAD Slips to Almost 5-Month Low

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