British Pound holds weekly gains as Fed hike doubts deepen

British Pound holds weekly gains as Fed hike doubts deepen

The British Pound (GBP) steadies against the US Dollar (USD) on Friday, but it is poised to end the week with gains of over 1% as investors turn skeptical that the Federal Reserve (Fed) will raise interest rates at its September meeting. At the time of writing, the GBP/USD pair is consolidating around 1.3350, unchanged […]

Consolidation within broader band against US Dollar – UOB

Consolidation within broader band against US Dollar – UOB

UOB’s Quek Ser Leang notes that AUD/USD’s abrupt jump to 0.6943 was not sustained, leaving the pair likely to consolidate between 0.6895 and 0.6945 in the near term. For the next one to three weeks, the bank maintains a neutral stance, expecting the Australian Dollar to trade between 0.6870 and 0.6980 despite a still-negative longer-term […]