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The FXGT Blog
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GBP/USD
22 May 2024
Sterling Gains as April Inflation Exceeds Forecasts, Shifts BoE Rate Cut Hopes to November
The pound jumped after data showed UK inflation fell less than expected in April. The April print has emerged as a significant hurdle for the Bank of England’s potential ...
14 May 2024
Rising Unemployment and Persistent Wage Growth Complicate Bank of England Decisions
Unemployment Rate: The UK's unemployment rate slightly increased to 4.3% for the three months ending in March, aligning with market forecasts, and rising from the previou...
9 May 2024
Bank of England Holds Rates with Optimistic Outlook for Future Cuts
The Bank of England (BoE) maintains interest rates at 5.25%, yet the tone of their latest policy statement suggests a shift toward optimism. This aligns with Governor And...
24 April 2024
GBP/USD Tests $1.2470 Resistance Ahead of Key US GDP and PCE Releases
The GBP/USD pair has declined by 1.40% since the start of April, marking a continued downward pressure on the British pound. The currency pair has developed a strong down...
17 April 2024
Sterling Gains as UK Inflation Surpasses Expectations
The Pound Sterling advanced above $1.2450 against the US Dollar as UK inflation data for March showed a higher-than-expected increase. The headline CPI rose by 3.2%, abov...
16 April 2024
GBPUSD Reaches Five-Month Low, Crucial Inflation Report Ahead
The GBP/USD pair continues its decline, reaching a five-month low, influenced by increased expectations of aggressive policy easing by the Bank of England, in contrast to...
28 March 2024
UK Data Confirms Economy Entered Recession Last Year
The Office for National Statistics reported a contraction of 0.1% in the UK's GDP in the third quarter and a 0.3% shrinkage in the fourth quarter.
20 March 2024
UK Inflation Drops Below Forecasts
February's CPI report showed inflation at 3.4%, marking the lowest rate in over two years and slightly under the anticipated 3.5%.
14 March 2024
US Dollar strengthens following the release of PPI data & Retail Sales.
USD Responds Positively Post-Data Release: The US Dollar found strength and traded positively after the release of US Retail Sales for February and Producer Price data, w...
Forex Trading
Beginner
4 March 2024
Unlocking Forex Success: What are the Most Popular Currency Pairs?
Currency pairs play a pivotal role in the world of forex trading, dictating the dynamics of global financial markets.