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: 2025.04.22
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GBP/USD consolidates 10-day rally - Scotiabank
Breaking news
GBP/USD consolidates 10-day rally - Scotiabank
New
2025.04.22 22:31
2025.04.22 22:31
2025.04.22 22:31
Pound Sterling (GBP) is entering Tuesday's American session flat against the US Dollar (USD) and showing signs of exhaustion following an astounding 10-session rally that culminated in Monday's surge through 1.34, Scotiabank's Chief FX Strategist Shaun Osborne notes.
BoE sees tariffs as disinflationary
"There have been no domestic releases and comments from the BoE's Greene highlighted the disinflationary risks posed by US tariffs. Wednesday's PMI's are expected to show softening services growth and continued contraction in manufacturing."
"GBP/USD looks to be taking a pause following its impressive 10-session rally from 1.2700. Momentum is overbought with an RSI at 71 and the latest couple of candles are showing extended upper shadows, hinting to exhaustion. We see near-term resistance in the lower 1.34s and look to support in the upper 1.32s."
Last updated
: 2025.04.22
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Mexican Peso strengthens to yearly high as trade war cools, mood improves
The Mexican Peso (MXN) posted substantial gains versus the US Dollar (USD) on Tuesday, sponsored by an improvement in risk appetite due to optimistic news of a 'de-escalation' of the trade war between the US and China. At the time of writing, USD/MXN trades at 19.58, down 0.61%.
New
2025.04.23 03:17US Dollar attempts modest recovery amid Fed independence concerns, growth downgrades
The US Dollar Index (DXY) struggled to extend its bounce on Tuesday, hovering near the 98.50 zone after recovering slightly from the three-year trough of 98.01. The rebound came as markets reopened from the Easter Monday holiday and reassessed the broader macro landscape.
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2025.04.23 03:07Gold pulls back from $3,500 record as China trade hopes spur profit-taking
Gold price retreats after hitting a record high at $3,500, but traders booking profits and improving risk appetite send the Bullion drifting lower, although US Treasury yields drop. At the time of writing, XAU/USD hovers near $3,400, down over 0.63%.
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2025.04.23 02:37EUR/GBP Price Analysis: Holds bullish tone despite minor decline
The EURGBP pair is exhibiting a bullish overall signal, currently trading around the 0.8600 area after slipping slightly during Tuesday's session following the European close.
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2025.04.23 01:55US Treasury Secretary Bessent sees de-escalation with China - Bloomberg
The US Treasury Secretary Scott Bessent commented that the tariff standoff with China is unsustainable and that he expects a de-escalation of the situation.
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2025.04.23 01:33USD/CAD stalls near 1.3850 as Fed controversy fuels further weakness
The USD/CAD pair is treading water near the 1.3850 zone on Tuesday, struggling to extend its rebound after printing a fresh six-month low closer to the 1.3800 handle.
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2025.04.23 01:30Dow Jones jumps 900 points on Tesla optimism, but Powell tensions keep market fragile
The Dow Jones Industrial Average (DJIA) recovered on Tuesday, gaining over 900 points or 2.49% above the 39,000 figure as investors await Tesla's (TSLA) earnings report late in the day.
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2025.04.23 01:16EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs
The EURUSD pair is flashing a bullish signal, currently seen trading around the 1.1500 area after posting a slight decline during Tuesday's session following the European close.
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2025.04.23 00:35GBP/USD retreats from YTD high past 1.34 on Fed turmoil
The Pound Sterling reverses its course after reaching a daily high of 1.3423 due to concerns over the Federal Reserve (Fed) independence, spurred by US President Donald Trump's harsh comments against Fed Chair Jerome Powell. At the time of writing, the GBP/USD is trading at 1.3383, up 0.17%.
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2025.04.22 23:48USD/CAD flattens around 1.3850 as US Dollar looks for firm-footing
The USD/CAD pair trades flat around 1.3850 during North American trading hours on Tuesday. The Loonie pair turns sideways after posting a fresh six-month low near 1.3800 as the US Dollar (USD) looks for a cushion after having a downside run in the last two weeks.
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2025.04.22 23:42Disclaimer:
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