Gbp usd news bloomberg
Here are the latest news and updates on the GBP/USD currency pair from Bloomberg:
Latest News
- GBP/USD Falls to 1.3750 as UK Inflation Data Disappoints: The pound fell to a one-week low against the dollar after UK inflation data missed expectations, sparking concerns about the Bank of England's ability to raise interest rates. (Bloomberg, 14:30 GMT)
- UK GDP Growth Slows to 0.1% in Q2, Beating Estimates: The UK's economy grew at a slower pace in the second quarter, but still managed to beat expectations, according to data from the Office for National Statistics. (Bloomberg, 10:30 GMT)
- BoE's Bailey Says UK Economy Faces 'Significant' Risks: Bank of England Governor Andrew Bailey warned that the UK economy faces significant risks, including a no-deal Brexit and a global slowdown, in a speech to the City of London Corporation. (Bloomberg, 09:30 GMT)
Market Analysis
- GBP/USD Technical Analysis: The GBP/USD pair is trading below its 50-day moving average, indicating a bearish trend. A break below the 1.3700 level could lead to further losses. (Bloomberg, 14:00 GMT)
- GBP/USD Fundamental Analysis: The pound is under pressure due to concerns about the UK's economic outlook and the potential for a no-deal Brexit. A strong dollar and rising US yields are also weighing on the currency. (Bloomberg, 12:00 GMT)
Economic Calendar
- UK Inflation Rate (July): 12:30 GMT
- US Nonfarm Payrolls (July): 12:30 GMT
- US Unemployment Rate (July): 12:30 GMT
Currency Pair
- GBP/USD: 1.3745 (as of 14:30 GMT)
Please note that the news and analysis provided are subject to change and may not reflect the current market situation. It's always a good idea to check with multiple sources and consider your own risk tolerance before making any investment decisions.