GBPUSD consolidates gains Sterling edged higher after the UK’s CPI accelerated to 9.1% in May. A previous surge above 1.2200 prompted sellers to trim their...

The Sterling fell soon after the release of UK inflation data which was largely in line...

USDCHF breaks resistance The US dollar recovered in anticipation of consumer price data on Friday. Medium-term sentiment remains upbeat and a break above 0.9760 may...

GBPUSD eyes the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the...

The Dollar bounces from a monthly low and finds some support amid increased inflation and recession...

The GBPUSD has been moving higher. But a quick look at the dollar index suggests that it’s largely due to a weaker greenback than...

Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is...

GBPUSD tests daily resistance The pound surged after the UK saw a jump in average earnings over the past three months. Solid bullish momentum above...

Chancellor Rishi Sunak has set out his Spring Budget in the hope to counteract rising inflation. He warned the UK’s post-pandemic recovery had been blown off course by the war in Ukraine. The annual inflation rate increased to 6.2%. It is the highest inflation rate since March of 1992, cable witnessed a 100 pip sell-off […]

The post StockWatch: UK’s Spring Budget Falls Flat as Inflation Rises! appeared first on Orbex Forex Trading Blog.

UK cuts growth forecast sharply, with the spring budget based on projections of 3.8% growth, rather than the 6% expected previously. UK Finance Minister Rishi Sunak announced this along with a small cut to fuel duty, equivalent to 5p/litre, a rise in National Insurance thresholds of £3,000 and a cut in the basic-rate of income […]

OANDA Senior Market Analyst Craig Erlam talks about how GBPUSD is trading after the Fed and BoE both raised interest rates.

Chancellor Sunak will be making a speech in the Commons, presenting what is colloquially called the ‘spring statement’. It’s a sort of “mini-budget”, addressing spending concerns at the fiscal half-year mark. The spring statement has taken on a bit more importance lately, as people are looking for some help from the government to deal with […]

The post UK Chancellor’s Spring Statement and Potential GBPUSD Impact appeared first on Orbex Forex Trading Blog.