GBPUSD GBP/USD
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GBP/USD News
Redbook US Same-Store Sales Slow in Week Ended Jan. 4
U.S. Trade Deficit Grew in November
US Trade Balance Dips Slightly Below Forecast, Widens Deficit
GBP/USD: Higher UK Rates May Support Gains – Scotiabank
Global Cooperation At A Low Point: WEF Report
Sterling Could Underperform If BOE Ramps Up Rate Cuts -- Market Talk
US Dollar Falls Early Tuesday Ahead of Trade, Institute for Supply Management Nonmanufacturing, JOLTS Data
Dollar Bulls Got a Taste of Volatility on Monday - and More May Be in Store
Was it the day Trump took office that the euro was at parity with the dollar?
As the USA prepares for the return of the former president, the Forex market is getting ready for a rare event: the euro equals the dollar.
New focus in Canadian politics! The former Governor of the Bank of England is considering joining the race for Prime Minister.
① Former Bank of England Governor Mark Carney is considering running for the leadership of the Liberal Party of Canada, following the resignation of Prime Minister Justin Trudeau; ② Carney previously served as the Governor of the Bank of Canada, demonstrating excellence during the 2008 financial crisis, and later unusually became the first foreign governor of the Bank of England; ③ The rules and timetable for the Liberal Party leadership contest have not been announced, but a swift process is necessary, as the Canadian Parliament is set to reconvene on March 24.
Average UK House Price Dipped by 0.2% Month on Month in December, Says Halifax
Dollar on Back Foot; Euro Awaits Key Inflation Release
December Central Bank Rate Cuts Take 2024 Easing Push to Historic Level
In December, the housing prices in the United Kingdom experienced their first decline in nine months, increasing by 3.3% over the year.
Halifax, one of the largest mortgage Institutions in the United Kingdom, stated that in December, house prices in the United Kingdom experienced their first drop in nine months, despite the fact that the real estate market had its best year since the pandemic in 2024. Halifax announced on Tuesday that the average house price in December fell by 0.2% from the record high, to 297,166 British Pounds (approximately 372,630 dollars). House prices rose by 3.3% over the year. While house prices fell last month, the economy of the United Kingdom is struggling, and although mortgage rates have eased from their highs in 2023, they remain elevated. The Labour Party government's fiscal stimulus budget in October threatens the Bank of the United Kingdom.
Rare! Federal Reserve officials directly comment on the market: valuations are too high, making a significant drop likely.
This statement reminds one of Greenspan's warning about "irrational exuberance" in 1996, four years before the Internet Plus-Related bubble burst.
Halifax: UK Monthly Average House Prices Down 0.2% in December 2024
Market focuses on reports about Trump's tariffs, and the dollar slightly declines to a one-week low.
On Tuesday, the USD fell to a one-week low against major currencies as traders considered whether Trump's tariff policy would be milder than promised. On Monday, after a report suggested that Trump's aides were exploring a plan to impose tariffs only on key imported Commodities, the USD dropped against currencies like the Euro and British Pound. However, after Trump denied this report in a post on the Truth Social platform, the USD found some support. As of 6:00 GMT (14:00 Peking time), the USD index fell by 0.14% to 108.16, having previously dropped to 107.74 overnight.
Crushed by high interest rates? The number of corporate bankruptcies in the USA reached a 14-year high last year.
① As high interest rates and weak consumer demand continue to impact struggling companies, the number of bankruptcies among USA companies reached its highest level since the global financial crisis in 2024; ② According to data from S&P Global Market Intelligence, at least 686 USA companies filed for bankruptcy in 2024, an increase of about 8% compared to 2023, which is higher than any year since 2010 (828 companies).
High-interest rate impacts have caused the bankruptcy rate of USA companies to reach its highest level since the financial crisis.
In 2024, at least 686 companies in the USA filed for bankruptcy, an increase of about 8% compared to 2023, marking the highest level since 2010. Meanwhile, companies avoiding bankruptcy through informal means such as debt restructuring are roughly twice the number of formal bankruptcies, but this "often just postpones the arrival of bankruptcy."
Is the market too optimistic? Economists warn: The Federal Reserve has paused rate cuts, and there may only be one cut this year!
According to Morgan Stanley, the Federal Reserve has sent a signal of a "hard pause" in December. Senior economists from the Obama administration believe that if the labor market remains healthy, the Fed may only cut interest rates once this year, and if the CPI rises back above 3%, the possibility of a rate hike in 2025 cannot be ruled out.