British Pound continues to grind lower, it’s a buy soon

British Pound continues to grind lower, it’s a buy soon

British Pound: USD/GBP (GBP=X) continues to grind lower The British pound has been extraordinarily bullish, so it seems as if traders have been ignoring the potential troubles coming out of the United Kingdom, not the least of which of course is going to be the extended lockdown. Beyond that, we need to think about Brexit […]

British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors

British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors

British Pound: USD/GBP (GBP=X) Falls Sharply Lower Ahead of US Retail Sales as the Dollar Dominates the Majors GBP/USD briefly rose to a fresh one-month high yesterday but has given back the gain in early trading today, ahead of the US retail sales report. The pair has been weighed by a strong dollar as the greenback has […]

British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week

British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week

British Pound: USD/GBP (GBP=X) Economic Calendar is Relatively Light This Week The pound to dollar exchange rate scaled above the 1.2500 handle yesterday for the first time in a month. From a technical perspective, the pair looks to be signaling a bullish continuation. However, if there is one thing that stands out about recent price […]

British Pound: USD/GBP (GBP=X) Continues to Press Major Resistance

British Pound: USD/GBP (GBP=X) Continues to Press Major Resistance

British Pound: USD/GBP (GBP=X) Continues to Press Major Resistance The British pound initially pulled back a bit during the trading session on Friday, but it was of course Good Friday, meaning that there was almost no trading going on. The 1.25 level above is offering a significant amount of resistance, and therefore we should be paying attention […]

British Pound: USD/GBP (GBP=X) Volatility Remains Subdued

British Pound: USD/GBP (GBP=X) Volatility Remains Subdued

British Pound: USD/GBP (GBP=X) Volatility Remains Subdued GBP/USD has seen a sudden drop in volatility in April and was seen continuing to trade essentially sideways in the early day on Wednesday. The pair saw some buying yesterday as the dollar broadly lost ground against its major counterparts. The greenback has been following an inverse relationship with […]

British Pound: USD/GBP (GBP=X) Reverses

British Pound: USD/GBP (GBP=X) Reverses

British Pound: USD/GBP (GBP=X) Reverses The British pound initially pulled back during the trading session on Tuesday but found enough buyers to turn around and send this market higher. By breaking the top of the inverted hammer from the previous session, this is a very bullish sign, but we obviously have a lot of resistance just above, […]

British Pound: USD/GBP (GBP=X) – British PM Johnson Is Taken To Hospital Due To Coronavirus

British Pound: USD/GBP (GBP=X) – British PM Johnson Is Taken To Hospital Due To Coronavirus

British Pound: USD/GBP (GBP=X) – British PM Johnson Is Taken To Hospital Due To Coronavirus GBP/USD breached the 20 EMA below 1.2300 but the British pound is showing some signs of strength and tries to gain more ground amid optimism on the coronavirus front. British Prime Minister Boris Johnson was taken to the hospital with persistent […]

British Pound: USD/GBP (GBP=X) – Will Pound Resilience Persist?

British Pound: USD/GBP (GBP=X) – Will Pound Resilience Persist?

British Pound: USD/GBP (GBP=X) – Will Pound Resilience Persist? Despite shockingly bad US jobs data published last week, the British Pound to US Dollar (GBP/USD) exchange rate ultimately slipped lower. Even though the Pound was fairly resilient last week, it was unable to hold its ground or sustain any gains against the US Dollar which […]

British Pound: USD/GBP (GBP=X) massive resistance barrier at

British Pound: USD/GBP (GBP=X) massive resistance barrier at

British Pound: USD/GBP (GBP=X) massive resistance barrier at 1.25 The British pound has pulled back a bit during the trading session on Wednesday as we continue to see a lot of concerns out there when it comes to risk appetite. The 1.25 level above is a massive resistance barrier and the first thing I would point out […]

British Pound: USD/GBP (GBP=X) paying attention to the region is going to be crucial

British Pound: USD/GBP (GBP=X) paying attention to the region is going to be crucial

British Pound: USD/GBP (GBP=X) paying attention to the region is going to be crucial The British pound broke down significantly during the trading session on Tuesday but has bounced a bit as the Americans have stepped on board. This shows just how resilient the British pound is and as a result I think that we have quite […]

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009

British Pound: USD/GBP (GBP=X) road-blocked on charts after best week since 2009 The Pound-to-Dollar rate closed out its largest weekly gain for over a decade on Friday but it’s now tipped to ecounter resistance on the charts that could act as a road-block Sterling over the coming days, although investor appetite for risk and demand […]

British Pound: USD/GBP (GBP=X) soars alongside stocks as equities look past jobless claims

British Pound: USD/GBP (GBP=X) soars alongside stocks as equities look past jobless claims

British Pound: USD/GBP (GBP=X) soars alongside stocks as equities look past jobless claims The British Pound was the best-performing major currency on Thursday, rallying alongside a broad “risk-on” tilt in global equities. Lately, Sterling appears to have become more sensitive to risk assets. On Wall Street, the Dow Jones and S&P 500 closed 6.38% and 6.24% […]

British Pound: USD/GBP (GBP=X) Rallies Yet Again

British Pound: USD/GBP (GBP=X) Rallies Yet Again

British Pound: USD/GBP (GBP=X) Rallies Yet Again The British pound initially drifted a little bit lower during the trading session on Tuesday but continues to find support at the 1.15 level. This is an extraordinarily low level to say the least, and the British pound is most certainly oversold at this point. The question now is whether […]

British Pound: USD/GBP (GBP=X) Breaks Through Major Figure

British Pound: USD/GBP (GBP=X) Breaks Through Major Figure

British Pound: USD/GBP (GBP=X) Breaks Through Major Figure The British pound initially tried to rally during the trading session on Wednesday but then gave back all of the gains and sliced through the 1.20 level to show signs of weakness yet again. The fact that we have sliced through the 1.20 level shows you just how weak […]

British Pound: USD/GBP (GBP=X) Decline From Channel Resistance Signals Reversal Potential

British Pound: USD/GBP (GBP=X) Decline From Channel Resistance Signals Reversal Potential

British Pound: USD/GBP (GBP=X) Decline From Channel Resistance Signals Reversal Potential The US dollar saw some reprieve in early day trading on Tuesday after President Donald Trump discussed a payroll tax cut late on Monday to help offset the negative impact the Coronavirus is expected to have on the economy. The equity markets have pared […]

British Pound: USD/GBP (GBP=X) continues to show an aversion to risk with ongoing concerns about the Coronavirus

British Pound: USD/GBP (GBP=X) continues to show an aversion to risk with ongoing concerns about the Coronavirus

British Pound: USD/GBP (GBP=X) continues to show an aversion to risk with ongoing concerns about the Coronavirus The markets continue to show an aversion to risk with ongoing concerns about the Coronavirus and a plunge in oil prices after Saudi Arabia and Russia failed to reach an agreement to stabilize prices. Oil prices were down […]

British Pound: USD/GBP (GBP=X) New BoE Governor Doesn’t See Urgency for Rate Cut

British Pound: USD/GBP (GBP=X) New BoE Governor Doesn’t See Urgency for Rate Cut

British Pound: USD/GBP (GBP=X) New BoE Governor Doesn’t See Urgency for Rate Cut The Federal Reserve felt that the potential damage the Coronavirus might have warranted a larger than usual emergency 50 basis point rate cut earlier this week. Andrew Bailey, who will be replacing BoE Governor Mark Carney on March 18, said yesterday that […]

British Pound: USD/GBP (GBP=X) Showing Stability

British Pound: USD/GBP (GBP=X) Showing Stability

British Pound: USD/GBP (GBP=X) Showing Stability The British pound has pulled back a bit during the trading session on Wednesday, before bouncing to show signs of resiliency yet again. The 200 day EMA currently sits below the 50% Fibonacci retracement level so it is very possible that we rally from here, but it won’t be […]

British Pound: USD/GBP (GBP=X) Gapped Lower to Kick Off The Week

British Pound: USD/GBP (GBP=X) Gapped Lower to Kick Off The Week

British Pound: USD/GBP (GBP=X) Gapped Lower to Kick Off The Week The British pound has gapped lower to kick off the trading session on Monday, rally from there, and then pulled back as Bank of England members are now suggesting that a rate cut is possible. Having said that though, the Federal Reserve also looks […]

British Pound: USD/GBP (GBP=X) Sterling Is Acting As Wild Card In A Coronavirus-Dominated Market

British Pound: USD/GBP (GBP=X) Sterling Is Acting As Wild Card In A Coronavirus-Dominated Market

British Pound: USD/GBP (GBP=X) Sterling Is Acting As Wild Card In A Coronavirus-Dominated Market “Pound Sterling is acting as the wild card in a Coronavirus-dominated market, mostly reliant on investors’ mood when it comes to fiscal stimulus expectations ahead of the UK budget and UK-EU trade negotiations” say analysts at ING Bank on Sunday. “Next […]

British Pound: USD/GBP (GBP=X) pair trades relatively flat

British Pound: USD/GBP (GBP=X) pair trades relatively flat

British Pound: USD/GBP (GBP=X) pair trades relatively flat GBP/USD rallied yesterday to nearly break to a fresh one-week high before sellers stepped in to drive the pair lower. The currency pair trades relatively flat on the week thus far and has been mostly confined to a range in February. Rate cut expectations in the US […]

British Pound: USD/GBP (GBP=X) Reverses Lower From Major Resistance

British Pound: USD/GBP (GBP=X) Reverses Lower From Major Resistance

British Pound: USD/GBP (GBP=X) Reverses Lower From Major Resistance Volatility was heightened in the global markets at the European open as investors fled from risky assets in favor of safe-haven assets like gold and bonds. The currency markets appear to be little impacted by the shift to risk aversion as the major currencies trade within […]

British Pound: USD/GBP (GBP=X) Target towards 1.30 level

British Pound: USD/GBP (GBP=X) Target towards 1.30 level

British Pound: USD/GBP (GBP=X) Target towards 1.30 level The British pound has rallied slightly during the trading session on Friday, showing signs of support yet again at the 1.29 level. I think at this point, the market is likely to go looking towards 1.30 level but will probably find a bit of resistance just above […]

British Pound: USD/GBP (GBP=X) Breaks Down A Bit

British Pound: USD/GBP (GBP=X) Breaks Down A Bit

British Pound: USD/GBP (GBP=X) Breaks Down A Bit The British pound has initially broken above the 1.30 level, but then broke down below there for the session on Wednesday. Ultimately, the market is falling, but probably reflects the US dollar more than anything else. The British pound has done fairly well against other currencies so […]

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

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

British Pound: USD/GBP (GBP=X) Continues To Stagnate The British pound went back and forth during the trading session on Tuesday, and as a Great Britain continues to fight the effects of withdrawing from the European Union. Ultimately though, this is a pair that is also featuring the greenback, which is one of the strongest currencies […]

British Pound: USD/GBP (GBP=X) Edges Higher on March Budget Optimism

British Pound: USD/GBP (GBP=X) Edges Higher on March Budget Optimism

British Pound: USD/GBP (GBP=X) Edges Higher on March Budget Optimism The Pound US Dollar (GBP/USD) exchange rate climbed last week, with the pairing fluctuating between lows of $1.287 to highs of $1.3065 after Jerome Powell, the Chair of the US Federal Reserve, warned that China’s coronavirus could begin to have a negative effect on the […]

British Pound: USD/GBP (GBP=X) Flirts with Critical Technical Level

British Pound: USD/GBP (GBP=X) Flirts with Critical Technical Level

British Pound: USD/GBP (GBP=X) Flirts with Critical Technical Level The upward momentum in GBP/USD weakened on Wednesday as the pair trades near a technical area that drew sellers. Nevertheless, the exchange rate has held up and there is potential for more gains, especially as the dollar has started to soften this week. Market sentiment in […]

British Pound: USD/GBP (GBP=X) Gets Hammered On Monday

British Pound: USD/GBP (GBP=X) Gets Hammered On Monday

British Pound: USD/GBP (GBP=X) Gets Hammered On Monday The British pound has gotten hammered during the trading session on Monday to kick off the week, slicing through the 50 day EMA. The uptrend line underneath should be supportive, as it coincides nicely with the crucial 1.30 level. At this point, the market is starting offer […]

US Outlook In Focus For British Pound: USD/GBP (GBP=X) Rates With Key Data Incoming

US Outlook In Focus For British Pound: USD/GBP (GBP=X) Rates With Key Data Incoming

US Outlook In Focus For British Pound: USD/GBP (GBP=X) Rates With Key Data Incoming Despite last week’s safe haven demand and signs of resilience in US data, the British Pound to US Dollar (GBP/USD) exchange rate ultimately avoided losses and spent the late-week climbing higher. Market optimism around the Bank of England (BoE) outlook, combined […]

British Pound: USD/GBP (GBP=X) BoE Could Go Either Way

British Pound: USD/GBP (GBP=X) BoE Could Go Either Way

British Pound: USD/GBP (GBP=X) BoE Could Go Either Way GBP/USD is hovering at the symbolic 1.30 level, up 0.08% on the day. Traders should be prepared for some movement in the European session, as the Bank of England announces its rate decision. BoE Could Go Either Way Will he or won’t he? Mark Carney chairs […]

British Pound: USD/GBP (GBP=X) currently testing support which could trigger a turn higher

British Pound: USD/GBP (GBP=X) currently testing support which could trigger a turn higher

British Pound: USD/GBP (GBP=X) currently testing support which could trigger a turn higher GBP/USD initially showed upward momentum yesterday but rolled over on the back of a strong dollar and has since declined to a one-week low. The pair is currently testing support which could trigger a turn higher. The week ahead is expected to […]

British Pound: USD/GBP (GBP=X) Manufacturing PMI Points to Contraction

British Pound: USD/GBP (GBP=X) Manufacturing PMI Points to Contraction

British Pound: USD/GBP (GBP=X) Manufacturing PMI Points to Contraction GBP/USD is trading sideways on Monday. Currently, the pair is trading at 1.3082, up 0.14% on the day. The pound managed to post slight gains over the week, its first winning week of the year. On the economic front, we’ll get a look at mortgage approvals […]

British Pound: USD/GBP (GBP=X) flat as BoE decision ‘genuine toss up’

British Pound: USD/GBP (GBP=X) flat as BoE decision ‘genuine toss up’

British Pound: USD/GBP (GBP=X) flat as BoE decision ‘genuine toss up’ The pound is clinging to yesterday’s gains against the US dollar, leaving the pairing trading around $1.312. Sterling was able to hold onto Wednesday’s gains against the dollar thanks to the reduced odds of the Bank of England (BoE) cutting interest rates at next […]

British Pound: USD/GBP (GBP=X) Probes Trend Channel Resistance

British Pound: USD/GBP (GBP=X) Probes Trend Channel Resistance

British Pound: USD/GBP (GBP=X) Probes Trend Channel Resistance The pound to dollar exchange rate is attempting to post a third consecutive day of gains and is probing a notable resistance area. GBP/USD turned higher on Monday and extended gains yesterday after an upbeat UK jobs report. Sterling has been particularly sensitive to incoming data as […]

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 […]