Sterling Strengthens Weak US Dollar and UK Inflation Provide Support - Action Forex

Pound climbs to three-year high against dollar as red-hot inflation dampens hopes of further rate cuts

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Collinson FX: May 22: USD weakness has ripple effect on UK and Europe

The EUR topped 1.1300, while the GBP broke back above 1.3400. The US Dollar weakness is a result of concerns surrounding the US economy and US growth. Moody's downgraded the US credit rating and economic data has been weak.

Sterling Strengthens Weak US Dollar and UK Inflation Provide Support - Action Forex

The GBP/USD pair continues its upward trajectory, reaching 1.3429 by Thursday. It is now trading just below yesterday’s peak, its highest level since February 2022. Key drivers behind GBP/USD’s rise The rally follows the release of stronger-than-expected UK inflation data. The annual Consumer Price Index (CPI) accelerated to 3.5% in April, the highest reading since […] The post Sterling Strengthens Weak US Dollar and UK Inflation Provide Support…

GBP/USD Climbs on Weak Dollar and Persistent UK Price Pressure - Finnoexpert

The pair continues its upward trajectory, reaching 1.3429 by Thursday. It is now trading just below yesterday’s peak, its highest level since February 2022. Key drivers behind GBP/USD’s rise The rally follows the release of stronger-than-expected UK inflation data. The annual Consumer Price Index (CPI) accelerated to 3.5% in April, the highest reading since January 2024, exceeding both market forecasts (3.3%) and the Bank of England’s projection…

Pound-to-Euro Forecast: GBP/EUR Gains Above 1.1900 say Analysts

The Pound Sterling-to-Euro (GBP/EUR) exchange rate briefly spiked after the UK inflation data before a retreat to 1-week lows around 1.1835. Markets have ruled out the...

Pound to Dollar Forecast: GBP Gains on USD Weakness, UK Inflation

May 21, 2025 – Written by David Woodsmith STORY LINK Pound to Dollar Forecast: GBP Gains on USD Weakness, UK Inflation A combination of U.S. Dollar weakness and stronger than expected UK inflation triggered a surge in the Pound to Dollar (GBP/USD) exchange rate to 3-year highs just below 1.3470. The pair, however, was unable to hold the gains and retreated to 1.3410 as the Pound dipped and the dollar recovered from Asian lows. A sustained break…