Recent inflation trends mean the Dollar is weakening and the Pound is strengthening The world bank is calling for a recession this year Bulls are in full control as they target the point of control level at $1.3 Fundamentals Driving New Price Discovery With the recent inflation showing a reversal in trend, we are seeing Read More…
Dollar weakness after the US inflation report boosts the British pound futures. The UK economy shrank in September, signaling the start of a possibly long recession. Markets are awaiting the new budget by Jeremy Hunt. On Friday, the British Pound (6B) futures prices gained ground for a second day on expectations that the Federal Reserve Read More…
The Bank of England (BoE) might push the UK economy into a depression with rising interest rates. According to a Reuters poll, the Bank of England will raise borrowing costs by a further 50 basis points (bps) starting next month before reducing the rate to a more typical 25 bps increase in November and then Read More…
Britain will decide on its next Prime Minister in September. A new Prime Minister will adopt a different policy affecting pound futures. The BoE warned of a looming recession in the UK. The battle for the position of the prime minister of Britain is entering its last stretch, and the decision in September will likely Read More…
UK business activity fell less than expected in July. The probability of a 50-bps rate hike by the BoE has significantly decreased. UK consumer confidence is still at an all-time low. Today’s British pound (6B) futures outlook is bullish as investors expected a significant drop in business activity in the UK but were surprised by Read More…
The British pound fell for the third consecutive day on Monday due to a combination of factors. The dovish forecast by the Bank of England continued to pressure the pound downward. The Fed’s aggressive remarks about raising rates and the lack of risks boosted the safe-haven dollar. Although a significant recovery is unlikely, oversold conditions Read More…
