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Pound Sterling Price News and Forecast: GBP/USD retreats as sticky PCE revives Fed hike bets

Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed that prices remained elevated, increasing the chances of seeing a rate hike by the Federal Reserve  ...

United States 5-Year Note Auction down to 4.393% from previous 4.408%

British Pound retreats as sticky PCE revives Fed hike bets

Sterling retreats some 0.39% as the US Dollar stages a recovery after a US inflation report revealed that prices remained elevated, increasing the chances of seeing a rate hike by the Federal Reserve ...

Dow Jones Industrial Average ignores a revision made of inflation

The Dow Jones Industrial Average trades a shade beneath 53,500 and roughly 100 points lower on the session, after a 12:30 GMT data drop the wires filed as uneventful.

Euro firms against British Pound on hopes of a Hormuz deal

EUR/GBP is trading around 0.8570 on Wednesday, on the front foot as hopes of a de-escalation in the Gulf hand the Euro (EUR) a modest lift.

Reserve Bank of Australia: Preemptive hike debate intensifies – TD Securities

Prashant Newnaha at TD Securities notes that the RBA’s August minutes were overall less hawkish than June, but still emphasized upside inflation risks and the possibility of preemptive tightening.

New Zealand Dollar dips, but RBNZ hike bets provide safety net

NZD/USD retreats to around 0.5940 on Wednesday at the time of writing, down 0.60% on the day. The New Zealand Dollar (NZD) loses ground against the US Dollar (USD), which finds some support following ...

Russia Industrial Output came in at 0.4% below forecasts (0.7%) in July

Meta's share price brushes off legal woes, but there are more to come

The main story in the tech world was expected to be Nvidia’s earnings that are released later today, however, Meta is grabbing the headlines, as it faces paying $16.7bn in damages after reaching an ag ...

11,000 still in sight for FTSE 100

Investors continue to find reasons to like the FTSE 100, while gold's recent bounce has waned, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.

Silver Price Forecast: Buyers struggle below the 100-day SMA

Silver (XAG/USD) comes under selling pressure on Wednesday as the US Dollar (USD) strengthens following the latest United States (US) inflation data. At the time of writing, XAG/USD trades around $67. ...

Polish Zloty: Policy divergence weighs on PLN against Euro – ABN AMRO

ABN AMRO’s Georgette Boele highlights that EUR/PLN has risen as interest rate expectations diverge between the Eurozone and Poland.