Gbpusd news in cnbc
Here are the latest GBP/USD news and updates from CNBC:
Latest News
- GBP/USD falls to 1.3750 as UK inflation data disappoints: The pound fell to a one-week low against the US dollar after UK inflation data came in below expectations, sparking concerns about the Bank of England's ability to raise interest rates. (Source: CNBC, 02/22/2023)
- GBP/USD bounces back as UK GDP data beats expectations: The pound surged against the US dollar after UK GDP data showed a stronger-than-expected growth rate, boosting hopes for the UK economy. (Source: CNBC, 02/15/2023)
- GBP/USD falls to 1.3800 as UK PMI data disappoints: The pound fell to a one-month low against the US dollar after UK PMI data showed a decline in manufacturing and services activity, sparking concerns about the UK economy. (Source: CNBC, 02/07/2023)
Market Analysis
- GBP/USD to test 1.4000 as UK economy shows signs of recovery: Analysts at ING expect the pound to test the 1.4000 level against the US dollar as the UK economy shows signs of recovery, driven by a rebound in consumer spending and a pickup in business investment. (Source: CNBC, 02/20/2023)
- GBP/USD to fall to 1.3500 as UK inflation data disappoints: Analysts at Barclays expect the pound to fall to 1.3500 against the US dollar if UK inflation data comes in below expectations, sparking concerns about the Bank of England's ability to raise interest rates. (Source: CNBC, 02/21/2023)
Economic Calendar
- UK Inflation Report: The Bank of England will release its latest inflation report, which is expected to show a decline in inflationary pressures. (Source: CNBC, 02/23/2023)
- UK GDP Data: The UK will release its latest GDP data, which is expected to show a stronger-than-expected growth rate. (Source: CNBC, 02/28/2023)
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 consult with a financial advisor before making any investment decisions.