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The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a possible monetary policy easing by the Bank of England (BoE). The UK

US inflation March figure, again higher than expected, put an end to our scenario of a simultaneous first rate cut by the Fed, the ECB, and the BoE in June. We now expect only two rate cuts by the Fed this year, the first in July and the second one in December. The possibility is even rising that th

U.K. stocks traded lower on Tuesday after data showed the unemployment rate rose in three months to February. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January, the Office for National Statistics said. The rate was seen at 4.0 percent. In March, payrolled employmen

EUR/USD EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking. Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the par was down 1.8% last week). Upticks should provide better selling

EURGBP faces difficulty in completing a double bottom pattern above 0.8579. Technical indicators reflect a lack of bullish momentum. ECB keeps interest rates steady, opens the door for a June rate cut. ECB governor Lagarde holds press conference at 14:15 GMT. EURGBP drifted lower after it got anothe

WTI trades back above $85 after a small retreat earlier this week. Oil traders remain bullish amid reports of a potential Iranian retaliation against Israel or US assets in the Middle East. The US Dollar Index sprinted to 105.00 on a hot US inflation report ahead of the ECB meeting. Oil prices are s