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: 2025.06.09
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GBP: Quiet appreciation - ING
Breaking news
GBP: Quiet appreciation - ING
New
2025.06.09 19:14
2025.06.09 19:14
2025.06.09 19:14
GBP/USD remains quietly well bid as it rides on the coat-tails of a stronger euro, ING's FX analyst Chris Turner notes.
Cable to trade withing the 1.3500-1.3600 range
"As a major reserve currency, Pound Sterling (GBP) in theory should benefit from any de-dollarization flows. And with one-week deposit rates at 4.25%, sterling is also seen as an attractive dollar alternative during quiet market conditions, like now."
"On the calendar this week for sterling is jobs data tomorrow and the UK government's spending review on Wednesday. Neither should be a game changer for sterling."
"Expect Cable to trade a 1.3500-1.3600 range, although there will be some downside risks at some point if we're right with our call for two 25bp Bank of England rate cuts this year. The market currently prices just 36bp of rate cuts this year."
Last updated
: 2025.06.09
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US Pres. Trump gives negotiators room to lift export controls on China - WSJ
Citing people familiar with the matter, the Wall Street Journal reported on Monday that United States (US) President Donald Trump gave the green light to his representatives, led by Treasury Secretary Scott Bessent, to lift export controls on a variety of Chinese products in trade talks with China i
New
2025.06.09 23:47GBP/JPY Price Forecast: Bulls keep the upper hand as pair approaches key resistance level
The British Pound (GBP) remains near multi-month highs against the Japanese Yen (JPY) on Monday, with the GBP/JPY pair close to testing a key Fibonacci resistance zone.
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2025.06.09 23:33Gold prices recover on safe-haven demand as US-China trade talks take focus
Gold prices remained at an elevated level on Monday, despite the start of US-China trade talks in London.
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2025.06.09 21:33EUR/USD: Range-bound movements on the day - OCBC
Euro (EUR) was little changed, last at 1.1415 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.06.09 21:03WH Economic Adviser Hassett: US-China meeting to be short but bear results
In an interview with CNBC on Monday, Kevin Hassett, Director of the United States (US) National Economic Council (NEC), said that he expects the upcoming trade talks between China and the United States to be short but bear results, per Reuters.
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2025.06.09 21:02JPY performing well vs. G10 on improved GDP - Scotiabank
Japanese Yen (JPY) is showing solid gains vs. the US Dollar (USD), up an impressive 0.5% with outperformance against most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.06.09 20:59DXY: Sell-off finds breather for bow - OCBC
Better than expected US payrolls report last Friday and optimism over US-China talks (later today) supported equity risk sentiments in Asia today. DXY was last around 99 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.06.09 20:57GBP up vs. USD with focus on data ahead of June 19 meeting - Scotiabank
Pound Sterling (GBP) is up 0.3% vs. the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.06.09 20:53USD/CNH: Likely moved into a 7.1620/7.2200 range - UOB Group
Slight increase in upward momentum may lead to US Dollar (USD) testing 7.2000; a clear break above this level seems unlikely. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.06.09 20:50CAD consolidates after jobs data - Scotiabank
The Canadian Dollar (CAD) is trading marginally higher on the US Dollar (USD) on the session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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2025.06.09 20:47Disclaimer:
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