GBP to USD Exchange Rate

Upcoming Events for GBP and USD

		Event	Prev.	Cons.
9m Med	USD	Net Long-term TIC Flows (Mar)	$71.5B	$89.3B
9m Low	USD	Foreign Bond Investment (Mar)	$88.8B
9m Low	USD	Overall Net Capital Flows (Mar)	$51.6B
12h 9m Med	GBP	BoE Financial Stability Report
15h 9m Low	GBP	BoE Grenne Speech
16h 39m Low	USD	Export Prices YoY (Apr)	-1.4%	-0.9%
16h 39m Low	USD	Philly Fed Business Conditions (May)	34.3
16h 39m Low	USD	Philly Fed New Orders (May)	12.2
16h 39m Low	USD	Philly Fed CAPEX Index (May)	20
16h 39m High	USD	Jobless Claims 4-week Average (May/11)	215K	214K

FRB and BOE Interest Rates

Country	Central Bank	Current Rate	Previous Rate	Next Meeting
United States	Federal Reserve	5.5%	5.5%	27 days
United Kingdom	Bank of England	5.25%	5.25%	35 days

The U.S. dollar weakened against its major counterparts in the New York session on Wednesday, as consumer inflation data and retail sales came in lower than expected in April, strengthening expectations that the Federal Reserve will reduce interest rate in September.

RTTNews | 7h 32min ago

U.S. Business Inventories Edge Down In Line With Estimates In March

The Commerce Department released a report on Wednesday showing a modest decrease in business inventories in the U.S. in the month of March. The report said business inventories edged by 0.1 percent in March after climbing by 0.3 percent in February. The dip matched economist estimates.

RTTNews | 8h 59min ago

U.S. Homebuilder Confidence Unexpectedly Slumps In May

With higher mortgage rates weighing on sentiment, the National Association of Home Builders released a report on Wednesday showing an unexpected deterioration in U.S. homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index tumbled to 45 in May from 51 in April. Economists had expected the index to come in unchanged.

RTTNews | 9h 17min ago

New York Manufacturing Index Unexpectedly Indicates Slightly Faster Contraction

The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity unexpectedly contracted at a slightly faster rate in the month of May. The New York Fed said its general business conditions index edged down to a negative 15.6 in May from a negative 14.3 in April, with a negative reading indicating contraction.

RTTNews | 9h 41min ago