Sterling climbs off month lows versus dollar

Economies.com
2018-10-11 17:09PM UTC

Sterling tilted higher in American trade away from September 10 lows versus the greenback, after multiples speeches by Bank of England Governor Mark Carney, and following earlier data from the US today. 

 

As of 04:59 GMT, GBP/USD rose barely to 1.3199, with a session-low at 1.3182, and the highest since September 21 at 1.3247. 

 

US Inflation, Labor Data 

 

Earlier US data showed consumer prices rose 0.1%, slowing down from 0.2%, while core prices rose 0.1%, also missing estimates of 0.2%. 

 

On a yearly basis, consumer prices rose 2.3%, slowing down from 2.7%, while core prices rose 2.2%, below expectations of 2.3%. 

 

Unemployment claims rose 7 thousand in the week ending October 6 to 214 thousand, while continuing claims rose 4K in the week ending September 29 to 1.660 million.

Forex and Currency News

EUR/USD news

Forex

Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
AUD/USD news

Forex

Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
GBP/USD news

Forex

Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Technical Analysis

Forex

The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...