Created
: 2025.01.30
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP edges lower in range - Scotiabank
Breaking news
GBP edges lower in range - Scotiabank
New
2025.01.30 22:25
2025.01.30 22:25
2025.01.30 22:25
UK lending data was a bit firmer than expected in December; data showed stronger demand for mortgages and lending secured on housing, Scotiabank's Chief FX Strategist Shaun Osborne notes.
UK December lending data a little firmer than f/c
"Data also showed a strong jump in net foreign demand for UK gilts at the end of the year, suggesting foreign investors are looking through the recent concerns about the sustainability of the government's fiscal plans amid the rise in global bond yields."
"GBP tested the 1.24 area briefly yesterday but the dip drew a positive reaction on the charts, forming a bullish "hammer" signal on the daily candle. Overnight gains have stalled around 1.2460-- initial resistance now--however. Cable may have to retest the 1.2390/00 zone or 1.2460 before a stronger sense of direction can emerge."
Last updated
: 2025.01.30
Related articles
Australian Dollar sees mild gains as markets assess US Q4 GDP and Fed outlook
2025.01.31 05:46Forex Today: Markets will closely follow the PCE data and German inflation
2025.01.31 04:46Canadian Dollar middles as markets mull over mixed US data
2025.01.31 03:26US Dollar weakens as markets digest Fed decision and GDP miss
2025.01.31 03:23Mexican Peso extends rally unfazed by economic contraction
2025.01.31 03:09AUD/USD neutral as US GDP data misses expectations
2025.01.31 01:15
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Australian Dollar sees mild gains as markets assess US Q4 GDP and Fed outlook
AUD/USD remains range-bound above 0.6200 on Thursday as markets assess the United States (US) fourth-quarter GDP release, which could shape the Federal Reserve's (Fed) rate outlook.
New
2025.01.31 05:46Gold price reaches new record high near $2,800
Gold price skyrockets to a new all-time high (ATH) of $2,798 on Thursday after economic data from the United States (US) indicated the economy is slowing down, warranting the Federal Reserve (Fed) to lower interest rates despite holding them steady at Wednesday's meeting.
New
2025.01.31 05:41Forex Today: Markets will closely follow the PCE data and German inflation
The US Dollar traded with a tepid downside bias amid lower yields and further investors' assessment of Wednesday's hawkish hold by the Federal Reserve, while the release of Friday's PCE also prompted some caution.
New
2025.01.31 04:46Canadian Dollar middles as markets mull over mixed US data
The Canadian Dollar (CAD) went nowhere fast on Thursday, cycling near the 1.4400 handle against the US Dollar (USD).
New
2025.01.31 03:26US Dollar weakens as markets digest Fed decision and GDP miss
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, hovers below 108.00 as traders react to the Federal Reserve's (Fed) latest decision and a weaker-than-expected US Gross Domestic Product (GDP) print.
New
2025.01.31 03:23Mexican Peso extends rally unfazed by economic contraction
The Mexican Peso (MXN) surged for the third consecutive day against the Greenback as the emerging market currency shrugged off Mexico's economic contraction in Q4 2024, according to the Instituto Nacional de Estadistica Geografia e Informatica (INEGI).
New
2025.01.31 03:09Dow Jones Industrial Average middles on Thursday after mixed data and earnings
The Dow Jones Industrial Average (DJIA) churned on Thursday, marking in tracks around 44,700 but sticking close to the day's opening bids.
New
2025.01.31 02:06AUD/USD neutral as US GDP data misses expectations
The AUD/USD pair stands neutral around 0.6235 on Thursday, struggling to gain traction ahead of the US Q4 GDP data release.
New
2025.01.31 01:15USD/JPY falls as US GDP misses estimates bolstering Yen
The USD/JPY retreats in early trading during the North American session after economic data showed the US economy grew lower than expected a day after the Federal Reserve (Fed) decided to keep rates unchanged.
New
2025.01.31 00:16Gold challenges record highs post ECB, US GDP
XAU/USD trades dangerously close to its record high in the $2,790 region as the latest macroeconomic developments put pressure on the US Dollar (USD).
New
2025.01.31 00:09Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
