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Pound Sterling Price News and Forecast: GBP/USD cracks as US growth burst boosts USD

The Pound Sterling (GBP) tanks over 0.70% against the Greenback on Wednesday as US economic data showed business activity is picking up, while fears of a US diesel export ban pushed crude prices highe ...

Oil price rise weighs on stocks

Rising oil prices and higher yields have thrown the equity rally off track, says Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG.

US 10-year yield hits a 19-year high as Fed Governor Barr backs hikes

Fed Governor Barr made the case for more rate increases, saying the risks to getting inflation back to 2% have grown while the risks to jobs have eased.

Australian Dollar Price Forecast: Next stop… 0.7000?

The Australian Dollar (AUD) has weakened markedly on Wednesday, prompting AUD/USD to breach the key 0.7100 contention zone with certain conviction and hit fresh seven-week lows.

Dow Jones Industrial Average keeps sliding as yields climb on a strong PMI

The strongest S&P Global flash Purchasing Managers Index (PMI) readings since 2021 have done nothing for the Dow Jones Industrial Average. Manufacturing came in at 57 against a 53.5 forecast and servi ...

New Zealand Dollar tumbles as strong US PMI data lifts USD

NZD/USD tumbles on Wednesday, losing 1.00% on the day to trade around 0.5670 at the time of writing. The pair faces strong selling pressure as the US Dollar (USD) benefits from stronger-than-expected ...

British Pound cracks as US growth burst boosts USD

The Pound Sterling (GBP) tanks over 0.70% against the Greenback on Wednesday as US economic data showed business activity is picking up, while fears of a US diesel export ban pushed crude prices highe ...

Russia Industrial Output below forecasts (0.5%) in August: Actual (-0.6%)

WTI snaps five-day losing streak as US-Iran talks fall short of breakthrough

West Texas Intermediate (WTI) Oil rebounds on Wednesday after five straight days of losses as traders assess the latest Middle East developments and US inventory data.

Three rate hikes, one warning: The inflation fight isn't over

It is rare for the world's biggest central banks to move in the same direction.

Iran reviews US response to proposal aimed at ending hostilities – Reuters

Iran is reviewing the United States’ (US) response to its proposal aimed at ending hostilities, a senior Iranian official told Reuters on Wednesday, signaling that diplomatic efforts between Tehran an ...

Euro slides as strong US PMI data lifts Fed rate hike bets

EUR/USD extends its intraday decline on Wednesday as stronger-than-expected US business activity data reinforces expectations of another Federal Reserve (Fed) rate hike and lifts the US Dollar (USD). ...