British Pound: USD/GBP (GBP=X) Investors Eye Job Numbers

British Pound: USD/GBP (GBP=X) Investors Eye Job Numbers

British Pound: USD/GBP (GBP=X) Investors Eye Job Numbers GBP/USD has started the week with slight losses. Currently, the pair is trading at 1.2979, down 0.21% on the day. There was positive news out of the housing sector, as the Rightmove House Price Index rebounded with a gain of 2.3% in January, after posting five declines […]

British Pound: USD/GBP (GBP=X) technical outlook bearish ahead of key data

British Pound: USD/GBP (GBP=X) technical outlook bearish ahead of key data

British Pound: USD/GBP (GBP=X) technical outlook bearish ahead of key data The Pound ceded ground to the Dollar and underperformed all major rivals of late although the charts are flagging more downside potential ahead of jobs and PMI data due out this week, which will be key to the outlook for Sterling. Sterling closed 0.29% […]

British Pound: USD/GBP (GBP=X) Building Support Against Greenback

British Pound: USD/GBP (GBP=X) Building Support Against Greenback

British Pound: USD/GBP (GBP=X) Building Support Against Greenback The British pound has gone back and forth during the trading session on Tuesday, as we continue to see a lot of interest around the 50 day EMA. Furthermore, we are dancing around the 1.30 level, so it looks very likely that this level will continue to […]

British Pound: USD/GBP (GBP=X) Holds Near Important Support Level

British Pound: USD/GBP (GBP=X) Holds Near Important Support Level

British Pound: USD/GBP (GBP=X) Holds Near Important Support Level GBP/USD is showing resilience as it holds above a major technical level despite several recent developments. Last week, several members of the Bank of England expressed their dovish views towards monetary policy and that easing might be needed to support the economy. Yesterday’s GDP report from […]

British Pound: USD/GBP (GBP=X) Falls After Anemic GDP Figures

British Pound: USD/GBP (GBP=X) Falls After Anemic GDP Figures

British Pound: USD/GBP (GBP=X) Falls After Anemic GDP Figures The British pound has broken down significantly during the trading session on Monday to kick off the week, slicing through the 1.30 level. However, we are starting to see signs of support just below that area, as we have bounced from there previously. The question now […]

British Pound: USD/GBP (GBP=X) Looks for Footing in Nervous Markets

British Pound: USD/GBP (GBP=X) Looks for Footing in Nervous Markets

British Pound: USD/GBP (GBP=X) Looks for Footing in Nervous Markets GBP/USD has posted slight gains on Wednesday, erasing much of the losses seen in the Tuesday session. Currently, the pair is trading at 1.3154, up 0.26% on the day. Pound Looks for Footing in Nervous Markets The U.S. drone attack which killed an Iranian general last week […]

British Pound: USD/GBP (GBP=X) UK Parliament Debates Exit Bill

British Pound: USD/GBP (GBP=X) UK Parliament Debates Exit Bill

British Pound: USD/GBP (GBP=X) UK Parliament Debates Exit Bill The House of Commons is in the process of debating Johnson’s exit agreement with the EU and the PM’s deal is expected to turn into British law by the end of the week. The opposition has brought forward several amendments but with Johnson now holding a […]

British Pound: USD/GBP (GBP=X) Stats, Impeachment, and Brexit to Take a Back Seat as Iran Takes Center Stage

British Pound: USD/GBP (GBP=X) Stats, Impeachment, and Brexit to Take a Back Seat as Iran Takes Center Stage

British Pound: USD/GBP (GBP=X) Stats, Impeachment, and Brexit to Take a Back Seat as Iran Takes Center Stage On the Macro It’s a busy week ahead on the economic calendar, with 51 stats to monitor. In the previous week, just 27 stats had been in focus. Following the holiday season and lack of stats to […]

British Pound: USD/GBP (GBP=X) Investors Eye PMI Reports

British Pound: USD/GBP (GBP=X) Investors Eye PMI Reports

British Pound: USD/GBP (GBP=X) Investors Eye PMI Reports fter a pause for New Year’s, investor focus is on the British PMI releases for December, which are important gauges of key sectors in the economy. Later on Thursday, we’ll get a look at Final Manufacturing PMI, which is expected in at 47.6 pts. This is slightly […]

British Pound: USD/GBP (GBP=X) Marches Higher in its Recovery

British Pound: USD/GBP (GBP=X) Marches Higher in its Recovery

British Pound: USD/GBP (GBP=X) Marches Higher in its Recovery The British pound was one of the strongest major currencies in 2019, advancing roughly 4% against the greenback this year. The Canadian dollar is on pace for the top-performing major currency spot in 2019. It has outpaced Sterling by just a fraction of a percent. Much […]

British Pound: USD/GBP (GBP=X) – British Pound Continues To Press Onward

British Pound: USD/GBP (GBP=X) – British Pound Continues To Press Onward

British Pound: USD/GBP (GBP=X) – British Pound Continues To Press Onward The British pound has rallied a bit during the trading session on Monday, continuing to follow through from the massive move on Friday. That being said, it is running into a little bit of resistance, and therefore a slight pullback makes quite a bit […]

British Pound: USD/GBP (GBP=X) Trying To Overcome Large Number

British Pound: USD/GBP (GBP=X) Trying To Overcome Large Number

British Pound: USD/GBP (GBP=X) Trying To Overcome Large Number The British pound has rallied a bit during the trading session on Thursday, reaching towards the 1.30 level. This of course is a large, round, psychologically significant figure, and if we can break above there it’s likely that we go much higher. This would be a […]

British Pound: USD/GBP (GBP=X) UK Retail Sales Decline 0.6% in November

British Pound: USD/GBP (GBP=X) UK Retail Sales Decline 0.6% in November

British Pound: USD/GBP (GBP=X) UK Retail Sales Decline 0.6% in November The Office for National Statistics reported a month over month decline of 0.6% in retail sales for the UK. The figure fell short of the analyst estimate for a rise of 0.3% and reflected the largest drop since December 2018. GBP/USD has not shown […]

British Pound: USD/GBP (GBP=X) Rallies After Election Results

British Pound: USD/GBP (GBP=X) Rallies After Election Results

British Pound: USD/GBP (GBP=X) Rallies After Election Results The British pound has spiked all the way to the 1.35 handle but has since pulled back quite significantly. That being said, there should be plenty of buyers underneath and a lot of people who have missed out on the initial move will be looking to get […]

British Pound: USD/GBP (GBP=X) Brexit versus Socialism

British Pound: USD/GBP (GBP=X) Brexit versus Socialism

British Pound: USD/GBP (GBP=X) Brexit versus Socialism Prime Minister Boris Johnson called a snap election in October after parliament blocked his Brexit deal. Johnson saw an election as a means to end to get Parliament out of the gridlock created by the loss of his majority. The British PM lost his majority following Parliament’s returned […]

British Pound: USD/GBP (GBP=X) looking towards the 1.32 level

British Pound: USD/GBP (GBP=X) looking towards the 1.32 level

British Pound: USD/GBP (GBP=X) looking towards the 1.32 level The British pound initially pulled back during the trading session on Wednesday but found enough support underneath the turn around and rally significantly. At this point in time it looks as if the market is ready to go looking towards the 1.32 level, and then possibly […]

British Pound: USD/GBP (GBP=X) Continues To Power Higher

British Pound: USD/GBP (GBP=X) Continues To Power Higher

British Pound: USD/GBP (GBP=X) Continues To Power Higher The British pound rallied a bit during the trading session on Tuesday, as we continue to see traders get on the right side of the potential election result in the United Kingdom, as the Tories are likely to have control of Parliament. If they do, then it’s […]

British Pound: USD/GBP (GBP=X) UK Election to Drive Volatility to the Pound

British Pound: USD/GBP (GBP=X) UK Election to Drive Volatility to the Pound

British Pound: USD/GBP (GBP=X) UK Election to Drive Volatility to the Pound With the election now only a few days away, volatility stands to rise for the pound to dollar exchange rate. Thursday’s election will ultimately determine how things will evolve with Brexit. UK PM Boris Johnson wants to push through the already negotiated deal […]

British Pound: USD/GBP (GBP=X) possibility of going much higher

British Pound: USD/GBP (GBP=X) possibility of going much higher

British Pound: USD/GBP (GBP=X) possibility of going much higher The British pound has rallied significantly during the week, breaking above the 1.30 level. This level is not only psychologically important due to the fact that it is a large, round, big figure, but it’s also the top of the bullish flag that we had seen […]

British Pound: USD/GBP (GBP=X) UK Services PMI Falls Into Contraction

British Pound: USD/GBP (GBP=X) UK Services PMI Falls Into Contraction

British Pound: USD/GBP (GBP=X) UK Services PMI Falls Into Contraction After briefly stabilizing, the UK service sector fell back into a decline with a print of 49.3 in the PMI reading for November. The data points to staggering growth in the fourth quarter as businesses wait to gain further clarity on the election and Brexit. […]

British Pound: USD/GBP (GBP=X) British Election Polls Show Tight Race

British Pound: USD/GBP (GBP=X) British Election Polls Show Tight Race

British Pound: USD/GBP (GBP=X) British Election Polls Show Tight Race GBP/USD has posted slight gains for a third successive day and is currently at its highest level since November 18th. In European trade, GBP/USD is trading at 1.2970, up 0.24% on the day.  On the economic front, BRC Retail Sales Monitor recorded a sharp drop of […]

British Pound: USD/GBP (GBP=X) should continue to go much higher

British Pound: USD/GBP (GBP=X) should continue to go much higher

British Pound: USD/GBP (GBP=X) should continue to go much higher The British pound has rallied a bit during the trading session on Monday, reaching higher yet again. At this point, the market is likely to test the 1.30 level above, which of course has been major resistance. At this point in time it’s likely that […]

British Pound: USD/GBP (GBP=X) polls predicted there would be a Conservative majority following the 12th December election

British Pound: USD/GBP (GBP=X) polls predicted there would be a Conservative majority following the 12th December election

British Pound: USD/GBP (GBP=X) polls predicted there would be a Conservative majority following the 12th December election The Pound Sterling to US Dollar (GBP/USD) exchange rate rose at the start of the week, as polls predicted there would be a Conservative majority following the 12th December election. However, the pairing retreated on Tuesday as reports […]

British Pound: USD/GBP (GBP=X) Exchange Rate to Break Through to $1.30 if Boris Johnson Secures Majority in December Election?

British Pound: USD/GBP (GBP=X) Exchange Rate to Break Through to $1.30 if Boris Johnson Secures Majority in December Election?

British Pound: USD/GBP (GBP=X) Exchange Rate to Break Through to $1.30 if Boris Johnson Secures Majority in December Election? The Pound US Dollar (GBP/USD) exchange rate is consolidating its gains this morning, after roaring higher overnight as a highly influential opinion poll suggested Boris Johnson is on track to win big in next month’s general […]

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind The Pound was scraping along the bottom of the major currency barrel on Tuesday although further losses could be just around the corner, according to some analysts, because momentum is shifting to the downside on the charts just as election opinion polls […]

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind The Pound was scraping along the bottom of the major currency barrel on Tuesday although further losses could be just around the corner, according to some analysts, because momentum is shifting to the downside on the charts just as election opinion polls […]

British Pound: USD/GBP (GBP=X) Broader Range Continues

British Pound: USD/GBP (GBP=X) Broader Range Continues

British Pound: USD/GBP (GBP=X) Broader Range Continues The pound to dollar exchange rate has alternated between weekly gains and losses for six consecutive weeks and the pair largely remains range bound. Last week, an early week attempt at the 1.3000 brought hope among bulls for a range break. However, the pair failed to follow through […]

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764 The Pound-to-Dollar rate retains an upside bias on the charts and could still reclaim its May 2019 high in the weeks ahead, according to technical analysts at Commerzbank, although a narrowing Conservative Party lead in the opinion polls is […]

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle The Pound Sterling US Dollar (GBP/USD) exchange rate was left muted, with the pairing currently trading at an inter-bank rate of $1.2947. The US Federal Reserve’s meeting minutes revealed that policymakers decided to pause its easing cycle following an October rate cut, and it […]

British Pound: USD/GBP (GBP=X) Politics and a Stronger Dollar

British Pound: USD/GBP (GBP=X) Politics and a Stronger Dollar

British Pound: USD/GBP (GBP=X) Politics and a Stronger Dollar With GBP/USD turning lower over the past day or so, the question is what is driving the currency pair? Is it UK politics or just a stronger dollar? In a debate between PM Boris Johnson and opposition Labour’s Corbyn yesterday, polls continued to favor Johnson, although […]

British Pound: USD/GBP (GBP=X) Just Shy Of $1.30 Ahead Of Johnson-Corbyn Debate

British Pound: USD/GBP (GBP=X) Just Shy Of $1.30 Ahead Of Johnson-Corbyn Debate

British Pound: USD/GBP (GBP=X) Just Shy Of $1.30 Ahead Of Johnson-Corbyn Debate The Pound to Dollar exchange rate traded sideways on Tuesday as UK politics remain firmly in focus ahead of the upcoming general election on 12 December. This comes after the GBP/USD exchange rate roared higher at the start of the week, in light […]

British Pound: USD/GBP (GBP=X) Moves Close to 1.3000

British Pound: USD/GBP (GBP=X) Moves Close to 1.3000

British Pound: USD/GBP (GBP=X) Moves Close to 1.3000 GBP/USD has started the new trading week with gains. In the North American session, the pair is trading at 1.2969, up 0.38% on the day. The Rightmove Housing Price Index declined by 1.3%, its fourth decline in five months. The pound is within striking distance of 1.3000, which […]

British Pound: USD/GBP (GBP=X) showing signs of confusion

British Pound: USD/GBP (GBP=X) showing signs of confusion

British Pound: USD/GBP (GBP=X) showing signs of confusion The British pound went back and forth during the trading session on Friday, showing signs of confusion but quite frankly I think a lot of traders don’t to put money into the market ahead of the weekend as headlines could come out and cause a major On […]

British Pound: USD/GBP (GBP=X) sinks on Bank of England division

British Pound: USD/GBP (GBP=X) sinks on Bank of England division

British Pound: USD/GBP (GBP=X) sinks on Bank of England division The pound US dollar exchange rate eased this afternoon after the Bank of England (BoE) left its interest rate unchanged at 0.75 percent. This came despite two dissenting policymakers voting to cut the rate to 0.5 percent. The BoE was gloomy in its forecasts for […]

British Pound: USD/GBP (GBP=X) looks as if it is struggling to get above the psychologically and structurally important 1.30 level

British Pound: USD/GBP (GBP=X) looks as if it is struggling to get above the psychologically and structurally important 1.30 level

British Pound: USD/GBP (GBP=X) looks as if it is struggling to get above the psychologically and structurally important 1.30 level The British pound has pulled back slightly during the trading session on Wednesday, as we continue to see a lot of choppiness in this general vicinity. The 1.29 level seems to be a bit of a fulcrum […]

British Pound: USD/GBP (GBP=X) price under pressure as UK services suffer from ‘worst spell’ since 2009

British Pound: USD/GBP (GBP=X) price under pressure as UK services suffer from ‘worst spell’ since 2009

British Pound: USD/GBP (GBP=X) price under pressure as UK services suffer from ‘worst spell’ since 2009 The pound was left muted against the US dollar today, as data showed the UK service sector stagnated, with the pairing currently trading at around $1.287. The pound edged slightly higher against the US dollar on Tuesday, although any […]

British Pound: USD/GBP (GBP=X) Pulls Back Slightly Before Continuing Higher

British Pound: USD/GBP (GBP=X) Pulls Back Slightly Before Continuing Higher

British Pound: USD/GBP (GBP=X) Pulls Back Slightly Before Continuing Higher The British pound has pulled back slightly during the training session on Monday to show signs of life again, as the 1.30 level of course offers a significant amount of psychological resistance. The British pound continues to go back and forth during the trading session on Monday, […]

British Pound: USD/GBP (GBP=X) recovers and threatens to push higher

British Pound: USD/GBP (GBP=X) recovers and threatens to push higher

British Pound: USD/GBP (GBP=X) recovers and threatens to push higher The Pound to Dollar exchange rate is trading at 1.2935 at the start of the new week after rising 0.87% in the week before. Studies of the charts suggest the short-term uptrend will probably extend, particularly now a break above the major trendline has been […]

British Pound: USD/GBP (GBP=X) Rallies Towards Resistance

British Pound: USD/GBP (GBP=X) Rallies Towards Resistance

British Pound: USD/GBP (GBP=X) Rallies Towards Resistance The bridge pound has rallied a bit during the trading session on Thursday, reaching towards the 1.30 level. This is an area that of course attracts a lot of attention, as it is a large, round, psychologically significant figure. The British pound has rallied a bit during the trading session […]

British Pound: USD/GBP (GBP=X) Johnson Calls Snap Election

British Pound: USD/GBP (GBP=X) Johnson Calls Snap Election

British Pound: USD/GBP (GBP=X) Johnson Calls Snap Election Prime Minister Johnson has called a snap election for December 12. This development comes after a prolonged deadlock over Brexit, which has been stuck in the British parliament for months. In the words of Johnson, the British public will be “given a choice” over Brexit in the […]

British Pound: USD/GBP (GBP=X) showing signs of support at the 1.28 level

British Pound: USD/GBP (GBP=X) showing signs of support at the 1.28 level

British Pound: USD/GBP (GBP=X) showing signs of support at the 1.28 level The British pound has pulled back a bit during the trading session on Tuesday, showing signs of support at the 1.28 level. The market bouncing from there is a good sign, as we continue to see reasons for value hunting. The British pound has pulled […]

British Pound: USD/GBP (GBP=X) Starting To Bounce Again

British Pound: USD/GBP (GBP=X) Starting To Bounce Again

British Pound: USD/GBP (GBP=X) Starting To Bounce Again The British pound has rallied slightly during the trading session on Monday as traders came back to work. The Brexit headlines of course continue to throw the spear around, but technically speaking we have changed the trend overall. The British pound rallied during the trading session on Monday, showing […]

British Pound: USD/GBP (GBP=X) remains volatile and declining

British Pound: USD/GBP (GBP=X) remains volatile and declining

British Pound: USD/GBP (GBP=X) remains volatile and declining GBP/USD remains volatile and declined by 1.1% last week. There are only three events in the upcoming week. Here is an outlook for the highlights of the upcoming week and an updated technical analysis for GBP/USD. The impressive pound rally ended last week, as the British parliament voted down a […]

Sterling struggles to bounce back from losses owing to renewed Brexit uncertainty

Sterling struggles to bounce back from losses owing to renewed Brexit uncertainty

Sterling struggled to bounce back from losses owing to renewed Brexit uncertainty after Boris Johnson proposed a general election to resolve the long-running saga, while Asian markets were mostly down after a broadly positive week. With the prime minister giving up on a pledge to leave the EU by his Halloween deadline, he called for […]

British Pound: USD/GBP (GBP=X) showing signs of choppiness and noisy trading

British Pound: USD/GBP (GBP=X) showing signs of choppiness and noisy trading

British Pound: USD/GBP (GBP=X) showing signs of choppiness and noisy trading The British pound has gone back and forth during the trading session on Thursday, showing signs of choppiness and noisy trading yet again. At this point, it’s very likely that the market will continue to see headlines push the market around. The British pound has gone […]

British Pound: USD/GBP (GBP=X) flat as Brexit uncertainty continues to haunt markets

British Pound: USD/GBP (GBP=X) flat as Brexit uncertainty continues to haunt markets

British Pound: USD/GBP (GBP=X) flat as Brexit uncertainty continues to haunt markets Sterling remained under pressure today as Boris Johnson’s plans to take the UK out of the European Union on October 31were halted by an unyielding parliament. While the House of Commons approved the Prime Minister’s initial Brexit Withdrawal Agreement bill with a majority of […]

British Pound: USD/GBP (GBP=X) Johnson pauses quest to pass Brexit deal

British Pound: USD/GBP (GBP=X) Johnson pauses quest to pass Brexit deal

British Pound: USD/GBP (GBP=X) Johnson pauses quest to pass Brexit deal The British Pound shed further ground against the Euro, Dollar and other major currencies on Tuesday night after Prime Minister Boris Johnson pressed the pause button on the progress of his Brexit deal through Parliament. The House of Commons voted by a margin of […]

British Pound: USD/GBP (GBP=X) awaits withdrawal agreement amendents, EU response to Brexit delay request

British Pound: USD/GBP (GBP=X) awaits withdrawal agreement amendents, EU response to Brexit delay request

British Pound: USD/GBP (GBP=X) awaits withdrawal agreement amendents, EU response to Brexit delay request GBP/USD eclipsed the 1.3000 price level momentarily this morning as the fading risk of no-deal Brexit continues to bolster the cable. Similarly, gains in the British Pound has pushed spot EUR/GBP prices back below the 0.8600 handle. The most recent extension to the […]

British Pound: USD/GBP (GBP=X) UK Parliament delays vote on Johnson’s Brexit deal

British Pound: USD/GBP (GBP=X) UK Parliament delays vote on Johnson’s Brexit deal

British Pound: USD/GBP (GBP=X) UK Parliament delays vote on Johnson’s Brexit deal The British Pound may gap lower at the start of this week’s trading session. Over the weekend, the UK Parliament voted to delay a definitive vote on Prime Minister Boris Johnson’s Brexit deal. This past week Sterling has been picking up gains on […]

British Pound: USD/GBP (GBP=X) slumps just hours after soaring to five-month high as investors fear DUP will torpedo Brexit deal

British Pound: USD/GBP (GBP=X) slumps just hours after soaring to five-month high as investors fear DUP will torpedo Brexit deal

British Pound: USD/GBP (GBP=X) slumps just hours after soaring to five-month high as investors fear DUP will torpedo Brexit deal The pound had a tumultuous day against the dollar today after Prime Minister Boris Johnson revealed a Brexit deal had been agreed with the European Union . Sterling rose by 1 per cent this morning […]

British Pound: USD/GBP (GBP=X) continues to remain firmly bid as investors are seeing a good chance of a Brexit deal

British Pound: USD/GBP (GBP=X) continues to remain firmly bid as investors are seeing a good chance of a Brexit deal

British Pound: USD/GBP (GBP=X) continues to remain firmly bid as investors are seeing a good chance of a Brexit deal EU’s chief negotiator Michael Barnier wanted a legal text of a potential deal delivered by Tuesday but after negotiating until 1:30 AM yesterday, an agreement could not be made. Talks resume today, taking it right […]

British Pound: USD/GBP (GBP=X) breakout eyeing initial uptrend resistance

British Pound: USD/GBP (GBP=X) breakout eyeing initial uptrend resistance

British Pound: USD/GBP (GBP=X) breakout eyeing initial uptrend resistance Sterling has surged more than 5.4% off the yearly lows with last week’s advance marking the largest weekly rally since late-January and the largest weekly-range since the post-Brexit October 2016 low. While the broader outlook remains constructive, the immediate advance may be vulnerable as price approach near-term […]

British Pound: USD/GBP (GBP=X) traders focus on the Brexit

British Pound: USD/GBP (GBP=X) traders focus on the Brexit

British Pound: USD/GBP (GBP=X) traders focus on the Brexit The British pound fell during most of the trading session on Monday as traders ponder the idea of breaking above the 200 day EMA. Regardless of what you believe about the Brexit situation, it’s relatively obvious that the market has got ahead of itself in the last couple […]

British Pound: USD/GBP (GBP=X) is forecast to extend lower

British Pound: USD/GBP (GBP=X) is forecast to extend lower

British Pound: USD/GBP (GBP=X) is forecast to extend lower The Pound-to-Dollar exchange rate is forecast to extend lower by strategist Russel Sandiford of ACY Securities. GBP/USD is currently located at 1.2211, having gone as high as 1.2522 in late October, and Brexit headlines will likely extend the Pound’s weakness whilst the U.S. Dollar could strengthen […]

British Pound: USD/GBP (GBP=X) Merkel-Johnson phone call leaves talks teetering on failure

British Pound: USD/GBP (GBP=X) Merkel-Johnson phone call leaves talks teetering on failure

British Pound: USD/GBP (GBP=X) Merkel-Johnson phone call leaves talks teetering on failure Pound Sterling has suffered a sharp bout of volatility amidst reports that talks between the EU and UK have effectively been killed off by Germany’s Angela Merkel. However, we caution that it is too early to write Sterling off as the two sides […]

British Pound: USD/GBP (GBP=X) continues to consolidate

British Pound: USD/GBP (GBP=X) continues to consolidate

British Pound: USD/GBP (GBP=X) continues to consolidate The British pound went back and forth during the trading session on Monday, as we continue to dance around in the same consolidation area that we have been in for a couple of weeks. At this point, it’s very likely that the market will be difficult to deal […]

British Pound: USD/GBP (GBP=X) key events include monthly GDP and manufacturing production

British Pound: USD/GBP (GBP=X) key events include monthly GDP and manufacturing production

British Pound: USD/GBP (GBP=X) key events include monthly GDP and manufacturing production The pound managed to post gains despite gloomy British indicators. British GDP declined by 0.2% in the second quarter, marking the first time the economy has contracted since 2013. Manufacturing PMI improved to 48.3, but this marked a fifth straight month below the […]

British Pound: USD/GBP (GBP=X) well supported against its major competitors

British Pound: USD/GBP (GBP=X) well supported against its major competitors

British Pound: USD/GBP (GBP=X) well supported against its major competitors The British Pound remains relatively well supported against its major competitors on Thursday, October 03 with foreign exchange markets opting to watch the currency from the sidelines as they try to gauge whether the UK’s final Brexit proposals to the EU will be accepted. Sterling […]

British Pound: USD/GBP (GBP=X) on defensive after latest Irish border proposals

British Pound: USD/GBP (GBP=X) on defensive after latest Irish border proposals

British Pound: USD/GBP (GBP=X) on defensive after latest Irish border proposals The Pound was on the defensive Wednesday as Prime Minister Boris Johnson’s latest Brexit proposals were reportedly criticised in Brussels and after the Conservative Party leader told grassroots supporters that the plan was a “final offer” that must now be met with compromise from […]

British Pound: USD/GBP (GBP=X) slips as dollar hits 29-month high

British Pound: USD/GBP (GBP=X) slips as dollar hits 29-month high

British Pound: USD/GBP (GBP=X) slips as dollar hits 29-month high The US dollar remained steady as it climbed against a handful of currencies, hitting a 29-month high as markets priced in a lower chance of further Federal Reserve Rate cuts in the coming months. The US Markit manufacturing PMI also provided some support for the […]

British Pound: USD/GBP (GBP=X) unable to sustain a recovery

British Pound: USD/GBP (GBP=X) unable to sustain a recovery

British Pound: USD/GBP (GBP=X) unable to sustain a recovery Following a broad slump last week, the British Pound to US Dollar (GBP/USD) exchange rate has been unable to sustain much of a recovery today as the US Dollar remains resilient on the back of market safe haven demand, as well as some of last week’s […]

British Pound: USD/GBP (GBP=X) Geopolitics and a Particularly Busy Economic Calendar in Focus

British Pound: USD/GBP (GBP=X) Geopolitics and a Particularly Busy Economic Calendar in Focus

British Pound: USD/GBP (GBP=X) Geopolitics and a Particularly Busy Economic Calendar in Focus It’s a particularly busy week ahead on the economic calendar. It’s a quiet start to the week, however, with September’s Chicago PMI due out on Monday. Impact on the Dollar will likely be muted ahead of the market’s preferred ISM manufacturing PMI figures […]

British Pound: USD/GBP (GBP=X) Shows Nerves after Johnson Won’t Commit to Asking for Brexit Extension

British Pound: USD/GBP (GBP=X) Shows Nerves after Johnson Won’t Commit to Asking for Brexit Extension

British Pound: USD/GBP (GBP=X) Shows Nerves after Johnson Won’t Commit to Asking for Brexit Extension The return of Parliament has coincided with a fresh bout of selling in the British Pound, with markets finding little by way of progress towards a resolution to the current Brexit impasse. If anything, risks of a notable decline in […]

British Pound: USD/GBP (GBP=X) return of Parliament to capture market attention

British Pound: USD/GBP (GBP=X) return of Parliament to capture market attention

British Pound: USD/GBP (GBP=X) return of Parliament to capture market attention The British Pound is trading softer mid-week, with declines coming against the majority of the world’s largest currencies, including a 0.8% decline against the U.S. Dollar, a 0.75% loss against the Swiss Franc and a 0.5% loss against the Euro. There is certainly a […]

British Pound: USD/GBP (GBP=X) rallies after court decision

British Pound: USD/GBP (GBP=X) rallies after court decision

British Pound: USD/GBP (GBP=X) rallies after court decision The British pound has rallied a bit during the trading session on Tuesday as the market reacted to the court decision, which could throw a wrench into the idea of a “no deal Brexit.” The biggest problem of course is that we have seen this movie before, and […]

British Pound: USD/GBP (GBP=X) shows signs of exhaustion

British Pound: USD/GBP (GBP=X) shows signs of exhaustion

British Pound: USD/GBP (GBP=X) shows signs of exhaustion The British pound initially tried to rally during the trading session on Monday, but then broke down to show signs of weakness. Rallies at this point continue to offer opportunities to pick up the greenback “on the cheap.” The British pound initially tried to rally during the trading […]

British Pound: USD/GBP (GBP=X) signs of hope for a deal breakthrough emerging

British Pound: USD/GBP (GBP=X) signs of hope for a deal breakthrough emerging

British Pound: USD/GBP (GBP=X) signs of hope for a deal breakthrough emerging It’s not a “Super Thursday,” but it sure feels like one. The September Bank of England policy meeting produced the dually surprising yet unsurprising remark from BOE Governor Mark Carney that the Monetary Policy Committee may need to cut interest rates thanks to the uncertainty […]

British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips

British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips

British Pound: USD/GBP (GBP=X) Pound Shrugs as U.K. Inflation Dips Recent CPI releases have been around the 2.0% level, which is the Bank of England’s inflation target. However, August CPI slipped to 1.7%, down sharply from 2.1% a month ago. This release will likely raise concerns at the BoE, as it is the lowest level […]

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead

British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead There are no major indicators on the schedule, so investors are casting an eye ahead towards Wednesday, with key events on both sides of the pond. The U.K. will release the August consumer inflation report. Recent CPI releases have been around the 2.0% level, which […]

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting

British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting There are two primary reasons why traders should keep expectations low for the September BOE meeting. The first reason is typical in nature, at least since the June 2016 Brexit: the BOE is doing everything it can to stay neutral to not […]

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction

British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction The Pound-to-Dollar rate is set to begin trading around 1.2485 at the beginning of the new week after closing the previous one around 1.68% higher on Friday and studies of the charts suggest the pair has established a new uptrend that could take it […]

British Pound: USD/GBP (GBP=X) continues to show strong volatility

British Pound: USD/GBP (GBP=X) continues to show strong volatility

British Pound: USD/GBP (GBP=X) continues to show strong volatility GBP/USD continues to show strong volatility. The pair gained 1.0% last week, recovering most of the losses of the previous week. This week’s key events are GDP and wage growth. Here is an outlook for the highlights of the upcoming week and an updated technical analysis for GBP/USD. There […]

British Pound: USD/GBP (GBP=X) rebounded after British lawmakers seized control of the parliamentary timetable to try to block a no-deal Brexit

British Pound: USD/GBP (GBP=X) rebounded after British lawmakers seized control of the parliamentary timetable to try to block a no-deal Brexit

Sterling rebounded today after British lawmakers seized control of the parliamentary timetable to try to block a no-deal Brexit. The gain, which followed the pound slumping to a three-year low yesterday, is likely to precede more big price swings in the currency as the battle over Brexit enters another crucial phase. Lawmakers who defeated Prime […]

British Pound: USD/GBP (GBP=X) Analysts remain sceptical Sterling’s gains will be enduring

British Pound: USD/GBP (GBP=X) Analysts remain sceptical Sterling’s gains will be enduring

British Pound: USD/GBP (GBP=X) Analysts remain sceptical Sterling’s gains will be enduring Pound Sterling rallied against the Euro, U.S. Dollar and other major currencies on Thursday after French President Emmanuel Macron said the Withdrawal Agreement can be amended to allow the UK to leave the European Union with a deal. Gains accelerated in the London […]

British Pound: USD/GBP (GBP=X) slightly lower

British Pound: USD/GBP (GBP=X) slightly lower

British Pound: USD/GBP (GBP=X) slightly lower The British pound has rolled over a bit during the trading session on Wednesday, as the 1.22 level has offered a significant amount of resistance yet again. That being said though, the 1.2250 level is also resistance, and of course we have the 50 day EMA above which is painted […]

British Pound: USD/GBP (GBP=X) lost some momentum in its recovery

British Pound: USD/GBP (GBP=X) lost some momentum in its recovery

British Pound: USD/GBP (GBP=X) lost some momentum in its recovery Last week’s recovery in GBP/USD was peculiar for two reasons. First, because Sterling has been notoriously weak for more than a month now. Second, because the pair managed to rally alongside the dollar. Early this week the inverse correlation between GBP/USD and the dollar index (DXY) has […]

British Pound: USD/GBP (GBP=X) weakens as Trump plays down US recession fears

British Pound: USD/GBP (GBP=X) weakens as Trump plays down US recession fears

British Pound: USD/GBP (GBP=X) weakens as Trump plays down US recession fears The GBP/USD exchange rate is currently trading at $1.2110, down around 0.3 percent from this morning’s opening rate.The US dollar is trending higher this afternoon after US President Donald Trump played down fears for a US recession in 2020. Speaking to reporters on […]

British Pound: USD/GBP (GBP=X) looks to extend its rebound off multi-year lows

British Pound: USD/GBP (GBP=X) looks to extend its rebound off multi-year lows

British Pound: USD/GBP (GBP=X) looks to extend its rebound off multi-year lows GBP prices jumped 1% on balance over the past 5 trading days measured via the BXY British Pound Currency Index. Last week’s rebound in the Sterling snapped a 4-week losing streak as GBP/USD and EUR/GBP bounce off technical confluence levels dating back multiple years. Looking ahead, […]

British Pound: USD/GBP (GBP=X) steady as UK retail sales beat expectations

British Pound: USD/GBP (GBP=X) steady as UK retail sales beat expectations

British Pound: USD/GBP (GBP=X) steady as UK retail sales beat expectations The GBP/USD exchange rate is currently trading at $1.206, virtually unchanged from today’s opening levels. UK retail sales figures have helped the Pound find its feet this morning. The Office for National Statistics (ONS) reported a 0.2 percent expansion in sales for July, slowing […]

British Pound: USD/GBP (GBP=X) UK inflation figures for July beat forecasts

British Pound: USD/GBP (GBP=X) UK inflation figures for July beat forecasts

British Pound: USD/GBP (GBP=X) UK inflation figures for July beat forecasts The pound US dollar exchange rate is holding steady, with the pairing fluctuating around $1.205. UK inflation figures for July beat forecasts, rising from 2.0 percent to 2.1 percent – overshooting the Bank of England’s (BoE) 2 percent target. However, the year-on-year Retail Prices […]

British Pound: USD/GBP (GBP=X) sees tepid gains, to remain heavy

British Pound: USD/GBP (GBP=X) sees tepid gains, to remain heavy

British Pound: USD/GBP (GBP=X) sees tepid gains, to remain heavy The latest UK labour market data has beaten expectations, and should provide Sterling with some short-term support but we remain of the view any strength in the currency should ultimately remain limited in nature. According to the ONS, Average Earnings – excluding bonuses – read […]

British Pound: USD/GBP (GBP=X) may see 1985 low, UK economy contracts in second quarter

British Pound: USD/GBP (GBP=X) may see 1985 low, UK economy contracts in second quarter

British Pound: USD/GBP (GBP=X) may see 1985 low, UK economy contracts in second quarter The British Pound overwhelmingly underperformed against its major counterparts after the UK economy unexpectedly contracted 0.2% q/q in the second quarter according to preliminary estimates. It was the first contraction since 2012 amidst rising worries over the economic consequences of a “no-deal” Brexit. A second consecutive […]

British Pound: USD/GBP (GBP=X) may face a more bearish fate over the coming days

British Pound: USD/GBP (GBP=X) may face a more bearish fate over the coming days

British Pound: USD/GBP (GBP=X) may face a more bearish fate over the coming days The British Pound may face a more bearish fate over the coming days as Prime Minister Boris Johnsonremains adamant that the UK will depart from the European Union (EU) no later than the October 31 deadline, with the new leader hopeful that […]

Brexit remains the biggest driver for British Pound: USD/GBP (GBP=X)

Brexit remains the biggest driver for British Pound: USD/GBP (GBP=X)

Brexit remains the biggest driver for British Pound: USD/GBP (GBP=X) Sterling falls to 31 month lows against the US Dollar The pound to US dollar exchange rate continues to test the lower levels with interbank rates for GBP vs USD currently sitting at 1.2180 for the pair. It’s a case of both sterling weakness as a result […]

British Pound: USD/GBP (GBP=X) publication of the UK’s latest GDP figures is likely to dominate movement in the currency pair

British Pound: USD/GBP (GBP=X) publication of the UK’s latest GDP figures is likely to dominate movement in the currency pair

British Pound: USD/GBP (GBP=X) publication of the UK’s latest GDP figures is likely to dominate movement in the currency pair The pound is rangebound against the US dollar and many of the currency’s other peers this morning as sterling continues to build on recent stability. The US dollar and the euro have experienced dramatic movement over […]

British Pound: USD/GBP (GBP=X) rises as US-China tensions escalate

British Pound: USD/GBP (GBP=X) rises as US-China tensions escalate

British Pound: USD/GBP (GBP=X) rises as US-China tensions escalate The pound has edged up against the US dollar this morning, taking the pairing to $1.218. On Tuesday morning, the European Union stated that there will be no further Brexit talks as long as the UK government insists on making changes to Theresa May’s withdrawal agreement. […]

British Pound: USD/GBP (GBP=X) trading at the back of major economic developments and geopolitical tussles

British Pound: USD/GBP (GBP=X) trading at the back of major economic developments and geopolitical tussles

British Pound: USD/GBP (GBP=X) trading at the back of major economic developments and geopolitical tussles From a fundamental perspective, the GBP/USD currency pair is trading at the back of major economic developments and geopolitical tussles. The Pound Sterling’s upside potential appears to be limited by Brexit woes as the reality of a  hard Brexit deal […]

British Pound: USD/GBP (GBP=X) eyes manufacturing data and Bank of England

British Pound: USD/GBP (GBP=X) eyes manufacturing data and Bank of England

British Pound: USD/GBP (GBP=X) eyes manufacturing data and Bank of England It is a busy start to the new month for Pound Sterling with some key manufacturing data on the docket as well as the Bank of England (BoE) interest rate decision and inflation report. While politics remains the main driver of Sterling values, we could see some […]

British Pound: USD/GBP (GBP=X) further downside

British Pound: USD/GBP (GBP=X) further downside

British Pound: USD/GBP (GBP=X) further downside Over the course of the past week, Sterling has now fallen 2.36% against the Euro and 2.5% against the Dollar as a fresh impulse of selling grips the markets as traders and investors race to find new valuations for the ‘no deal’ Brexit they now assume will occur on […]

British Pound: USD/GBP (GBP=X) Relief Rally Short-Lived

British Pound: USD/GBP (GBP=X) Relief Rally Short-Lived

British Pound: USD/GBP (GBP=X) Relief Rally Short-Lived Last week, GBP/USD rose after the announcement of UK’s new Prime Minister, Boris Johnson. Perhaps this can be attributed to a ‘buy the rumor, sell the news’ type of analogy as Johnson’s election has largely increased fears of a no-deal Brexit. The relief rally was short-lived and the markets are […]

British Pound: USD/GBP (GBP=X) to be moved by Brexit developments, PMIs & Bank of England

British Pound: USD/GBP (GBP=X) to be moved by Brexit developments, PMIs & Bank of England

British Pound: USD/GBP (GBP=X) to be moved by Brexit developments, PMIs & Bank of England GBP/USD kicks off trade at around 1.2380 at the market open; having fallen almost 1.0% in the week prior. Concerning the outlook, studies of the charts suggest the pair is at a crossroads with a ‘hard’ floor of support underpinning […]

British Pound: USD/GBP (GBP=X) price action now suggests persistent selling bias at higher levels

British Pound: USD/GBP (GBP=X) price action now suggests persistent selling bias at higher levels

British Pound: USD/GBP (GBP=X) price action now suggests persistent selling bias at higher levels However, the fact that bulls are showing some resilience below the 100-hour & 200-hour SMA confluence region warrants some caution before placing any aggressive bearish bets ahead of the new UK PM Boris Johnson’s first statement in the House of Common. […]

British Pound: USD/GBP (GBP=X) close to breaking through to $1.25

British Pound: USD/GBP (GBP=X) close to breaking through to $1.25

British Pound: USD/GBP (GBP=X) close to breaking through to $1.25 The Pound Sterling to US Dollar (GBP/USD) exchange rate is unexpectedly trending higher this morning, with some GBP buying taking place in spite of the uncertainty posed by the appointment of key cabinet positions by Boris Johnson later today. At the time of writing the […]

British Pound: USD/GBP (GBP=X) appears to have eaten its full share of ‘no deal’ fears for now

British Pound: USD/GBP (GBP=X) appears to have eaten its full share of ‘no deal’ fears for now

British Pound: USD/GBP (GBP=X) appears to have eaten its full share of ‘no deal’ fears for now Boris Johnson has been confirmed as the new leader of the Conservative Party, and will inherit the position of Prime Minister on Wednesday as a result. The confirmation that Johnson has won the leadership coincides with a tick […]

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