GBP to USD Exchange Rate

Upcoming Events for GBP and USD

		Event	Prev.	Cons.
18h 42m High	USD	Fed Chair Powell Speech
1d Low	USD	Inflation Rate YoY (Apr)	2.7%	3%
1d Low	USD	Inflation Rate MoM (Apr)	-0.2%	0.1%
1d Med	GBP	Myfxbook GBPUSD Sentiment	39%
1d Med	GBP	BoE Broadbent Speech
1d Med	USD	Fed Bostic Speech
1d Med	USD	Fed Barr Speech
1d Med	USD	Fed Waller Speech
1d Med	USD	Fed Jefferson Speech
1d Low	USD	6-Month Bill Auction	5.165%

FRB and BOE Interest Rates

Country	Central Bank	Current Rate	Previous Rate	Next Meeting
United States	Federal Reserve	5.5%	5.5%	24 days
United Kingdom	Bank of England	5.25%	5.25%	32 days

The U.S. dollar declined against its major counterparts in the New York session on Friday on growing expectations that the U.S. Federal Reserve could start cutting interest rates as early as September.

RTTNews | 1 day ago

U.S. Leading Economic Index Decreases More Than Expected In April

Suggesting softer economic conditions lay ahead, the Conference Board released a report on Friday showing a continued decrease by its reading on leading U.S. economic indicators in the month of April. The Conference Board said its leading economic index fell by 0.6 percent in April after dipping by 0.3 percent in March. Economists had expected the index to decrease by another 0.3 percent.

RTTNews | 1 day ago

U.S. Industrial Production Unexpectedly Unchanged In April

With a surge in utilities output offset by decreases in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial production came in flat in the month of April. The Fed said industrial production came in unchanged in April after inching up by a downwardly revised 0.1 percent in March.

RTTNews | 2 days ago

Philly Fed Index Indicates Notably Slower Growth In May

Philadelphia-area manufacturing activity saw a notable slowdown in the pace of growth in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to 4.5 in May from 15.5 in April, although a positive reading still indicates growth.

RTTNews | 2 days ago

Analysis for GBPUSD

The dollar index clings to the uptrend

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The dollar index clings to the uptrend

FxPro | 1 day ago

Eyeing on Today’s Euro CPI

euro traders are keenly awaiting today's CPI reading to gauge the euro's price movement amid softening U.S. dollar.

PU Prime | 1 day ago

Daily Global Market Update

GBP/USD dipped 0.1%, Bitcoin dropped 1.2%, oil gained 0.4%, and AUD/USD fell 0.3%. Venture capital funding is rising, Aquarius launched a $600M liquidity fund, and crude prices rose. Key economic releases include US Oil Rig Count and various HICP and CFTC data.

Moneta Markets | 1 day ago

Soft CPI Hammers Dollar to Monthly Low

Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus.

PU Prime | 2 days ago