Technical Analysis
Sterling Extends Gains on Diverging UK-U.S. Rate Expectations, Eyes February 2022 High
USD/JPY Holds in Range as Treasury Yields and Risk Sentiment Dictate Next Move
Sterling Strengthens as BoE Policy Diverges from Fed, Pushing GBP/USD Higher
Pound Hits Fresh 2024 Peak as Fed Delivers 50bps Rate Cut
EUR/USD Poised for a Potential Decline Amid Fed Expectations
GBP/USD Rises as Fed Cut Expectations Boost Sterling, UK CPI Data in Focus
GBP/USD surged to a new 2024 high of 1.3129 on Thursday, driven by stronger-than-expected UK flash PMI data for August.
The EUR/USD pair traded close to flat on Wednesday, maintaining its position near a 13-month high as the broader uptrend took a pause.
The GBP/USD currency pair climbed to a new 2024 high of 1.3054 during Tuesday's session as traders capitalized on the continued weakness in the U.S. dollar ahead of the highly anticipated Jackson Hole symposium.