February 14, 2024 9:17 am
The EUR/GBP currency pair rebounded from a fresh 25-week low on Wednesday, after data showed UK’s consumer price inflation had not picked up in January as expected. Annual CPI inflation remained steady at 4.0% in January, while being close to November’s two-year low of 3.9%. In comparison, market consensus had pointed to an acceleration to […]
Read moreFebruary 14, 2024 8:04 am
The GBP/AUD currency pair retreated to an intraday low of 1.9395 on Wednesday, pulling back from yesterday’s 5-month high, after UK’s consumer price inflation did not pick up in January as expected. Annual CPI inflation remained steady at 4.0% in January, while being close to November’s two-year low of 3.9%. In comparison, market consensus had […]
Read moreFebruary 13, 2024 9:25 am
The GBP/JPY currency pair scaled a fresh 8 1/2-year peak on Tuesday, after data showed UK wage growth outpaced market estimates in the three months to December. Additionally, UK’s unemployment rate decreased to levels unseen since early 2023. Average weekly earnings, including bonuses, rose 5.8% year-on-year to GBP 669 per week in the three months […]
Read moreFebruary 13, 2024 8:17 am
The GBP/CAD currency pair advanced to an intraday high of 1.7024 on Tuesday, after data showed UK wage growth outpaced market estimates in the three months to December, while the unemployment rate decreased to levels unseen since early 2023. Average weekly earnings, including bonuses, rose 5.8% year-on-year to GBP 669 per week in the three […]
Read moreFebruary 12, 2024 11:24 am
The GBP/USD currency pair traded little changed at the start of the week, as market players shift their focus to the US consumer inflation and to the UK wage growth data for more clues over central bank rate outlook. Annual consumer price inflation in the United States probably slowed to 3% in January, according to […]
Read moreFebruary 12, 2024 9:29 am
The USD/ZAR currency pair was a notch firmer on Monday, while trading near a 1-week high of 19.0686, as market players shift their focus to the US consumer inflation data and to speeches by a host of Federal Reserve officials. At least 7 Fed representatives are scheduled to make speeches this week, following last week’s […]
Read moreFebruary 8, 2024 8:10 am
The USD/INR currency pair steadied after recording an intraday low of 82.8950 on Thursday, as the Reserve Bank of India kept its benchmark repo rate unchanged at 6.5% for the sixth straight policy meeting in February, as largely expected. The policy decision came after India’s annual inflation picked up to a four-month high of 5.69% […]
Read moreFebruary 7, 2024 10:11 am
The AUD/SEK currency pair pulled back from a one-week peak it scaled on Tuesday, after the Reserve Bank of Australia warned further policy tightening could not be ruled out since inflation was still elevated. The Australian central bank left its cash rate without change at 4.35% at its February meeting, as largely expected. Tuesday’s decision […]
Read moreFebruary 6, 2024 8:54 am
The EUR/SEK currency pair traded little changed in proximity to recent 2-week peak on Tuesday, after Sweden’s Riksbank indicated last week interest rates might be cut sooner than previously expected. Riksbank kept its key policy rate intact at 4.0% at its February meeting, in line with market expectations. The central bank reiterated that past rate […]
Read moreFebruary 6, 2024 7:43 am
The EUR/AUD currency pair weakened on Tuesday, after the Reserve Bank of Australia warned further policy tightening could not be ruled out, since inflation was still elevated and cost of services was not decreasing quickly enough. The central bank left its cash rate without change at 4.35% at its February meeting, as largely expected. Tuesday’s […]
Read more