GBBEF News and Press, iPath Goldman Sachs GBP/USD Exchange Rate ETN From 05/28/24

2024-05-28 07:10:00 ET Summary The dollar is still mostly softer against the G10 currencies, but it is little changed to slightly firmer against the Japanese yen. The US 10-year yield Treasury yield is off a basis point to 4.45% today. US index futures are signaling a firm ret...

2024-05-27 08:25:00 ET Summary The dollar traded mostly higher last week. The US 10-year yield bottomed near 4.30% in mid-May and reached 4.50% last week to test the 20-day moving average. The US dollar frayed support near CAD1.36 last week and recovered to almost CAD1.3750 be...

2024-05-25 09:30:00 ET Summary Stronger than expected data and hawkish FOMC minutes lifted US rates and the dollar, while the market reduced expectations of ECB easing. Sterling remained resilient despite weak economic data, but rate expectations were impacted by stronger than exp...

2024-05-18 13:25:00 ET Summary The highlight of the week may be the preliminary May PMI estimates. Though, market participants appear to put more weight on the ISM than the PMI. Former President Trump has threatened higher tariffs on all Chinese goods if he is elected. The direct ...

2024-05-16 08:00:00 ET Summary Managers are increasingly focusing on sectors beyond tech that could benefit from the rise in AI in the short term. These include healthcare and consumer companies, which also have more attractive valuations. Globally, managers anticipate an increase...

2024-05-15 08:35:00 ET Summary The dollar is trading weakly against G10 currencies and emerging market currencies as the market expects softer US CPI and retail sales data. US interest rates are softer, with Treasury yields at their lowest level since April 10. Equities are mo...

2024-05-14 06:55:00 ET Summary The tone in the foreign exchange market today is mostly consolidative. The US is set to announce a new set of tariffs on a wide range of Chinese goods later today. The longest rally in Europe's Stoxx 600 since October-November 2021 is being chall...

2024-05-06 08:00:00 ET Summary The dollar is mostly a little softer today in thin market conditions, with Tokyo, Seoul, and London closed for holidays. Equities are off to a constructive start this week after the strong US rally before the weekend. Most markets in the region a...

2024-05-05 01:15:00 ET Summary The Bank of England is inching towards the first rate cut, which we expect in August. Expect an optimistic air to Thursday’s meeting but we think the Bank will stop short of rewriting its forward guidance, which would be tantamount to endorsin...

2024-05-04 11:10:00 ET Summary The US economy's resilience and stickiness of price pressures have led to a reassessment of Fed policy, causing a rise in US interest rates and a stronger dollar. Concerns about US fiscal policy and the stronger dollar have heightened among countries...