The post British Pound Sterling Runs Out of American Bad News After Nine Straight Days appeared on BitcoinEthereumNews.com.
The Pound’s nine-session march against the Dollar ended on Tuesday, and it took exactly one geopolitical headline to finish it. Cable opened near 1.3392, poked above the 1.3400 handle in early European trade, and then spent the balance of the session giving ground to settle around 1.3356, down 0.27% and back below a daily moving-average cluster that has been waiting overhead for weeks. A winning streak with no British content The streak that died on Tuesday was never a Sterling story to begin with, and its fuel was entirely imported: nine consecutive gains off the 1.3140 base in late June, powered by a deteriorating American labour tape. June nonfarm payrolls printed 57,000 against a consensus near 115,000, earlier months were revised lower, and Tuesday’s ADP four-week average employment change slipped to 21,000 from 24,250, extending the softening trend. Rallies
The post British Pound Sterling wins the day and stays stuck in the same trap appeared on BitcoinEthereumNews.com.
GBP/USD trades just below 1.3400 on Wednesday, up around a quarter of a percent and once again leaning on the 200-day Exponential Moving Average (EMA) that has repelled every advance since the pair clawed back from its mid-June washout. Cable has recovered roughly two big figures from the 1.3150 area in under two weeks, and the reward for the effort is a ceiling it cannot break and a floor it refuses to leave. An imported inflation shock does the heavy lifting The Pound’s bid is not homegrown: Fresh US strikes on Iran sent Crude Oil surging more than 6% and dragged Bank of England (BoE) tightening expectations up with it. Markets now fully price a 25-basis-point hike by year-end, up from roughly three-quarters odds before President Trump declared the Versailles ceasefire over, and a November move trades better than even. The June hold at 3.75% already carried two dissenter
The post Thai Baht: Range-bound after inflation data against dollar – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Charlie Lay highlights that USD/THB edged higher as Thai inflation data support a steady policy stance. Lay links the move to expectations that the Bank of Thailand (BoT) will keep interest rates on hold at 1% through at least the next meeting. USD/THB trading near range highs “Thailand’s headline inflation eased for a second consecutive month in June to 2.4% yoy (Bloomberg consensus: 2.7%) from 2.8% in May. It remained comfortably within the Bank of Thailand’s (BoT) 1-3% target range. Year-to-date, it averaged 1.1%. Inflation has picked up steadily since April after posting negative readings from April 2025 to March 2026.” “It is expected to stay above 2% in the coming months and possibly throughout the second half, aided by the lower base last year. Food prices held steady at 1% yoy, at the same pace as May. Non-food prices moderated to 3.3% vs 4% previ
The post Pound Sterling Price News and Forecast: GBP/USD holds firm as Hormuz shock lifts Oil, Dollar appeared on BitcoinEthereumNews.com.
British Pound holds firm as Hormuz shock lifts Oil, Dollar The Pound Sterling (GBP) posts modest gains during the North American session on Wednesday amid growing tensions in the Middle East, as US President Donald Trump’s said the deal with Iran was “over” after both countries exchanged attacks over the last couple of days. At the time of writing, the GBP/USD pair trades at 1.3371, up 0.09%. Read More… British Pound slumps against US Dollar as risky assets turn fragile The British Pound (GBP) is down 0.13% to near 1.3340 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair faces selling pressure as renewed geopolitical risks have diminished the appeal of riskier assets. Read More… British Pound declines to near 1.3350 as US launches strikes on Iran The GBP/USD pair loses traction to near 1.3355 during the A
The post British Pound holds firm as Hormuz shock lifts Oil, Dollar appeared on BitcoinEthereumNews.com.
The Pound Sterling (GBP) posts modest gains during the North American session on Wednesday amid growing tensions in the Middle East, as US President Donald Trump’s said the deal with Iran was “over” after both countries exchanged attacks over the last couple of days. At the time of writing, the GBP/USD pair trades at 1.3371, up 0.09%. GBP/USD steadies as geopolitical risk offsets Dollar strength During the last couple of days, Tehran and Washington exchanged blows after Iran hit two vessels sailing through the Strait of Hormuz, triggering a response from the US. The US CENTCOM reported that it attacked 80 targets during the last two days. In addition to the attacks, the US reimposed sanctions on Iran’s Oil, while Trump threatened to resume the blockade in Hormuz. Energy prices jumped, with the US crude Oil benchmark, West Texas Intermediate (WTI), rising nearly 5% to $75.60. The US
The post US Dollar Index: Hawkish Fed minutes may support greenback – ING appeared on BitcoinEthereumNews.com.
ING’s Francesco Pesole notes that recent equity jitters and firm Oil prices have underlined the Dollar’s safe-haven appeal, while markets look to the June Federal Open Market Committee (FOMC) minutes. He argues the Federal Reserve’s (Fed) hawkish shift and Dot Plot have kept the Dollar supported, and expects US Dollar Index (DXY) to trade largely rangebound with modest upside risks in the near term. Fed minutes seen cementing hawkish stance “Equity jitters offered the dollar some support yesterday – a reminder of the greenback’s very strong safe-haven appeal despite the concentration of AI-sensitive stocks in US indices. Oil prices are also trading on the strong side after some overnight military action in Iran and the Treasury revoking the waiver that allowed Teheran to sell crude. Markets will keep monitoring the situation but have tended to fade Middle East re-escalation ri
The post Polish Zloty: Dovish NBP stance weighs on PLN – ING appeared on BitcoinEthereumNews.com.
ING’s Frantisek Taborsky expects the National Bank of Poland (NBP) to keep rates at 3.75% through year-end, with easing delayed until policymakers gain confidence on inflation. He highlights a narrowing rate differential, stronger Dollar and recent EUR/PLN gains toward 4.29–4.30, arguing that potential rate-cut signals could create further upside for EUR/PLN as the debate intensifies after summer. Rate cut debate and zloty pressure “The National Bank of Poland will likely leave rates unchanged at 3.75% today, which is our baseline until the end of the year. More interesting today will be the new NBP forecast and statement and tomorrow’s press conference. The easing cycle in Poland was interrupted by turmoil in the Persian Gulf, but policymakers will require greater confidence in a favourable inflation outlook before resuming monetary easing.” “So far, the decline in inflation has largely b
Rising geopolitical tensions in the Middle East could lead to sustained volatility in global markets, impacting oil supply and investor confidence.
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The post US Dollar: Fed pricing questioned as disinflation looms – MUFG appeared on BitcoinEthereumNews.com.
MUFG’s Derek Halpenny argues that June FOMC minutes may already be stale as weaker labour data and lower energy prices challenge the Fed’s hawkish dot plot. He sees OIS pricing as too aggressive, with rate hikes over-priced and a rate cut by March 2027 more likely than another hike. Dollar strength, he says, has been driven by rate spreads and leveraged long positioning, but this may reverse if disinflation resumes. Fed expectations and Dollar positioning “The FX market is increasingly being driven once again by rates spreads with our rolling correlations indicating that and the Fed rate hike pricing has been the key driver of renewed US dollar buying. A lot of this pricing appears driven by the perception that Fed Chair Warsh has been hawkish. But apart from reaffirming the pursuit of achieving the Fed’s 2% inflation goal there is limited evidence to point to of Warsh being par
