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GBP flat ahead of data later this week - Scotiabank
Breaking news
GBP flat ahead of data later this week - Scotiabank
New
2025.09.10 20:28
2025.09.10 20:28
2025.09.10 20:28
The Pound Sterling (GBP) is entering Wednesday's NA session with a marginal gain vs. the USD as it consolidates in a tight range just above 1.3500, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fundamentals remain supportive
"There have been no fundamental releases and this week's highlights remain the trade and industrial production data scheduled for Friday. Fundamentals remain supportive for the pound as UK-US yield spreads push to fresh highs and sentiment is confirming as the options market reveals a positive shift in the price of protection against GBP risk."
"The technical picture remains bullish following this week's break of descending resistance drawn from the summer highs. Momentum is confirming, with an RSI in the mid-50s, and this week's gains are threatening a push to levels last seen in early July. We see no major resistance ahead of 1.3750 and look to a near-term range bound between 1.3500 and 1.3600."
Last updated
: 2025.09.10
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United States FX Today: The US Dollar hinges on CPI inflation data
The US Dollar (USD) is moving cautiously on Wednesday, down slightly on the day according to the US Dollar Index (DXY), as markets hold their breath ahead of the eagerly awaited publication of the August Consumer Price Index (CPI) in the United States (US).
New
2025.09.11 00:08GBP/USD holds near 1.3550 as soft US PPI boosts Fed cut bets
The GBP/USD hoovers around the 1.3550 figure for the third straight day after the latest inflation report in the United States (US) showed that prices paid by producers dipped in August, increasing the chances for an interest rate cut by the Federal Reserve.
New
2025.09.11 00:07Eurozone FX Today: The ECB's pause comes under scrutiny
The Euro (EUR) is holding steady against the US Dollar (USD), trading at 1.1710 on Wednesday. A wait-and-see attitude prevails ahead of the European Central Bank's (ECB) monetary policy meeting, scheduled for Thursday at 12:15 GMT.
New
2025.09.10 23:32EUR/USD steadies above 1.1700 after US PPI miss, attention shifts to ECB
The Euro (EUR) is edging modestly higher against the US Dollar (USD) on Wednesday, as the Greenback lost momentum after weaker-than-expected US Producer Price Index (PPI) figures added to market bets that the Federal Reserve (Fed) will deliver a rate cut next week.
New
2025.09.10 22:38Euro slides against Pound as ECB decision looms amid geopolitical tensions
The Euro (EUR) extends its decline against the British Pound (GBP) for a second consecutive day on Wednesday, with the EUR/GBP cross hovering near 0.8640 at the time of writing.
New
2025.09.10 21:28NZD/USD Price Forecast: Aims to extend upside towards 0.6000
The NZD/USD pair trades 0.22% higher around 0.5940 during the European trading session on Wednesday. The Kiwi pair gains as antipodeans outperforms its peers, following an upbeat market mood.
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2025.09.10 20:50Gold rebounds above $3,650 ahead of US PPI inflation report
Gold (XAU/USD) edges up on Wednesday following a sharp reversal the previous day, with the metal soaring to an all-time high near $3,675 before retreating to settle at around $3,625.
New
2025.09.10 20:45JPY: Markets assess political developments and BoJ outlook - Scotiabank
The Japanese Yen (JPY) is trading flat against the US Dollar (USD) and consolidating in an incredibly tight range as market participants await Friday's industrial production data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.09.10 20:40USD/CAD ticks up above 1.3850 with all eyes on the US PPI report
The US Dollar is trading higher for the second consecutive day against the Canadian Dollar.
New
2025.09.10 20:40GBP flat ahead of data later this week - Scotiabank
The Pound Sterling (GBP) is entering Wednesday's NA session with a marginal gain vs. the USD as it consolidates in a tight range just above 1.3500, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.09.10 20:27Disclaimer:
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