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GBP/USD eases in line with peers - Scotiabank
Breaking news
GBP/USD eases in line with peers - Scotiabank
New
2025.01.29 22:16
2025.01.29 22:16
2025.01.29 22:16
The Pound Sterling (GBP) is edging marginally lower, in line with its European peers, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Chancellor talks up growth policies
"There was little reaction to comments from Chancellor Reeves outlining measures aimed at boosting UK growth--trade talks, looser planning and development rules-- perhaps because there was little new in the comments and these measures will take time to have an impact. The chancellor threw her support behind the expansion of Heathrow airport to signal that the government is serious about removing obstacles to development."
"Spot losses are holding in the low 1.24 zone but weakness below the base of a minor bull channel on the short-term chart suggests downside risks remain for the pound. A move below 1.24 targets losses to the low/mid 1.23s in the short run."
Last updated
: 2025.01.29
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DXY: Boosted by tariff threats - OCBC
USD dipped after 4Q GDP disappointed but erased losses after Trump drummed up tariff threats. Specifically, he spoke about 25% tariffs on about $900bn worth of goods from Canada and Mexico on 1 Feb (Sat). Cautious trading dominated sentiments.
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2025.01.31 19:31EUR/USD slides on soft inflation in Germany's six states, Trump's tariff threats
EUR/USD faces selling pressure and declines to near 1.0370 in Friday's European session.
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2025.01.31 19:17Gold at fresh all-time highs ahead of US PCE
Gold's price (XAU/USD) is trading around a fresh all-time high, for now on record at $2,800.93, with still a long Friday ahead.
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2025.01.31 18:54ECB's Muller: It is realistic for inflation to be near 2% by the middle of this year
European Central Bank (ECB) policymaker Madis Muller said on Friday that "it is realistic for inflation to be near 2% by the middle of this year." "Rates are nearing the point where they won't curb investment," Muller added.
New
2025.01.31 18:52FOMC: Powell sounded more dovish at the post-meeting press conference - OCBC
The Committee decided to maintain the target range for the Fed funds rate at 4.25-4.50% at the January meeting; the decision was unanimous, OCBC's FX Frances Cheung and Christopher Wong analysts note.
New
2025.01.31 18:40USD: Will Trump hit Canada and Mexico? - ING
The weekend will present the first test of how serious US President Donald Trump is with his protectionism threat, as Canada and Mexico face a 25% tariff deadline tomorrow, ING's FX analyst Francesco Pesole notes.
New
2025.01.31 18:35Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
New
2025.01.31 18:30EUR/USD: Consolidation is likely in near term - OCBC
Euro (EUR) traded under pressure amid broad US Dollar (USD) strength on tariff threats. Yesterday at the last GC meeting, ECB lowered policy rates for the 5 the consecutive meeting by 25bp. Pair was last at 1.0370 levels, OCBC's FX Frances Cheung and Christopher Wong analysts note.
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2025.01.31 18:28EUR: Post-meeting leak not too relevant for now - ING
The European Central Bank cut rates by 25bp yesterday, and the accompanying communication fully matched expectations, ING's FX analyst Francesco Pesole notes
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2025.01.31 18:20Silver Price Forecast: XAG/USD recovers to near $30.50 as Trump's tariff threats keep outlook intact
Silver price (XAG/USD) recovers a majority of intraday losses and rebounds to near $30.50 in Friday's European session.
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2025.01.31 17:43Disclaimer:
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