Remember when sterling was the market’s favorite currency? That was three weeks ago. GBP/USD has collapsed from 1.3552 at the start of September to 1.3229, erasing the entire August rally and then some. The speed of the reversal is a textbook lesson in why relative-value stories are only as good as the regime they live […]
Somewhat lost in all the yen drama, the British pound has been quietly having an excellent summer. GBP/USD touched 1.3675 on Wednesday, its highest level of 2026, before settling back around 1.3550. From the late-June low of 1.3143, that’s a rally of more than 4% in under two months. For a major currency pair, that’s […]
Sterling is on one of its trademark summer tears. GBP/USD closed the week at 1.3654, up from 1.3551, and touched 1.3675 on Wednesday — the highest level of 2026 and within sight of levels last seen in early 2025. From the late-June low of 1.3143, the pound has rallied 4% against a broadly firm dollar, […]
The pound keeps ruining the bears’ summer. GBP/USD pushed to 1.343 this week, extending a recovery that has carried sterling from 1.3143 in late June to within striking distance of the 1.35 handle it last touched in May. Against a surging dollar, that’s an achievement — and against the euro, it’s a rout, with EUR/GBP […]
GBP/USD is holding around 1.3526 this morning, calm on the surface, but the options market is pricing a busy couple of days. UK inflation data lands tomorrow, and for a currency that has rallied more than 6% since January, the bar for disappointment is low. Why the pound is vulnerable here Don’t get me wrong […]