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GBPUSD - FTSE 100 LIVE: Stocks rise and pound hits one-month high as traders continue to digest budget announcement
Traders are relieved that Rachel Reeves doubled her headroom to hit her fiscal rule for a balanced current budget in 2029-30, from £9.9bn to almost £22bn.
GBP/USD Forecast: Bulls might aim to test 200-day SMA barrier, around 1.3300
The GBP/USD pair climbs to a four-week top on Thursday, though the intraday positive move falters near the 1.3265-1.3270 area during the early European session.
GBP/USD gains above 1.3250 as Fed rate cut bets weigh on US Dollar
GBP/USD continues its winning streak for the sixth successive session, trading around 1.3260 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) struggles amid rising odds ...
U.S. Dollar Retreats As Retail Sales Miss Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
USD/JPY moved lower as traders reacted to the pullback in Treasury yields. The yield of 2-year Treasuries declined below the psychologically important 3.50% level, while the yield of 10-year ...
British Pound Budget Analysis: GBP Rises As Budget Clears Without Market Shock
The Pound to Euro exchange rate ( GBP/EUR) is 1.13998 (+0.18%) and the Pound to Dollar exchange rate (GBP/USD) is 1.31908 (+0.23%), with the currency gaining modestly as markets welcomed the absence ...