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 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 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 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 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 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 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) 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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) to be moved by Brexit news The GBP/USD exchange rate is trading at 1.2644 at the start of the new week after rising 2.54% in the week before. Studies of the charts suggest the pair is at an important crossroads with further upside dependent on a clear break out of the […]
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 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 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 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 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) 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 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 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 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 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 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) 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 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 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 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 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 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 […]
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 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 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 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 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 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 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 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 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 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 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) 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 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 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 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 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 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) 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 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 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 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 […]
British Pound: USD/GBP (GBP=X) Won’t be Supported by Dovish Fed Speak this Week If there is a dominant theme in the FX market it is that the British pound is weak and that the markets think the Fed will ease policy later this month. The latter has been underpinning GBP/USD as it has put some […]
British Pound: USD/GBP (GBP=X) could rise if the Sterling can catch bid again after dropping to multi-month lows Taking a look at spot GBPUSD from a broader perspective, we can see that the 1.2600 handle has previously served as a serious level of confluence. While increased selling pressure earlier in the month drove the Pound […]
British Pound: USD/GBP (GBP=X) General Election adds to uncertainty Pound Sterling remains under pressure in mid-week trade with foreign exchange markets digesting the latest political headlines that suggest a General Election is being considered by Boris Johnson. Johnson remains favourite to replace Prime Minister Theresa May new Tuesday when the result of the Conservative Party […]
British Pound: USD/GBP (GBP=X) under pressure GBP/USD is challenging the 1.2400 figure after the speech of Fed’s Chair Powell. There was no significant reaction in the currency market as Powell essentially didn’t bring anything new to the table. Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards […]
British Pound: USD/GBP (GBP=X) Bank of England to cut interest rates in November Pound Sterling put in some gains against the Euro and Dollar on Thursday, July 11 with the currency exploiting a weaker Dollar and Euro, however we maintain a view that the currency will continue to struggle amidst ongoing political uncertainty and growing […]
British Pound: USD/GBP (GBP=X) further downside potential The Pound recorded its ninth consecutive weekly loss against the Euro ahead of the weekend, and it recorded its lowest weekly close against the U.S. Dollar since April 2017. The weakness extends to the majority of major currencies, as a multi-week sell-off extended amidst a combination of political […]
British Pound: USD/GBP (GBP=X) continued weakness suggests that we could go much lower Yesterday, I have the perception that perhaps we could find enough support to cause this market to bounce. While that hasn’t necessarily been eliminated, the Thursday candle doesn’t exactly instill a lot of confidence. The fact that we rallied and then gave […]
British Pound: USD/GBP (GBP=X) weak UK data and Brexit uncertainty weigh The fresh forward-looking purchasing managers’ index adds insult to injury for the pound. Sterling had already been suffering from growing uncertainty around Brexit after parliament was unable to vote on a motion that could have blocked a no-deal Brexit. John Bercow, the speaker of […]
British Pound: USD/GBP (GBP=X) forecasts downgraded as Brexit saga drags on into year-end The Pound is likely to remain depressed into year-end and beyond according to the latest forecasts from Barclays, while both the Dollar and Euro are set to face trials and tribulations of their own before the curtain closes on 2019. Currency markets entered […]
British Pound: USD/GBP (GBP=X) this week’s key events are the PMI reports British consumers remain gloomy about the economy, as GfK Consumer Confidence dropped to -13, below the estimate of -11. Britain’s balance of payments deteriorated in Q1, as the current account deficit widened to GBP 3.0 billion, up sharply from 27.3 billion in Q4 […]
British Pound: USD/GBP (GBP=X) Holds Within a 50 pip Range There was some strong downside momentum in GBP/USD on Tuesday after it failed to cross an important resistance level. That momentum has died down significantly as the pair has fallen into a range. On a 4-hour chart, the 100 and 200-period moving averages appear to be containing […]
British Pound: USD/GBP (GBP=X) tumbled due to fresh comments from Federal Reserve officials After hitting its best levels in weeks yesterday, the British Pound to US Dollar (GBP/USD) exchange rate tumbled due to fresh comments from Federal Reserve officials. However, the US Dollar’s appeal was limited as the Fed remained dovish overall, and investors were […]
British Pound: USD/GBP (GBP=X) to trade heavily this summer as political risk rises Pound Sterling could be in for a rough ride against the Dollar and Euro through the remaining summer months, according to strategists at HSBC, who say the mounting threat of both a ‘no deal’ Brexit and general election will weigh on the British […]
British Pound: USD/GBP (GBP=X) looks as if we are trying to continue the downward momentum The British pound initially tried to rally during the trading session on Monday but has found the 1.2750 level to be too much in the way of resistance yet again. That being the case, it looks as if we are […]
British Pound: USD/GBP (GBP=X) rises up to key June highs The Pound-to-Dollar rate will be trading at around 1.2738 at the start of the new week, after rising 1.2% in the previous week. Studies of the charts suggest that the exchange rate is likely to continue rising over the next five days. Recently, however, the […]
British Pound: USD/GBP (GBP=X) showing strength The British pound rallied significantly during the trading session on Wednesday as we awaited the Federal Reserve statement, so therefore it looks as if the market is banking on some type of diabetes when it comes to that announcement. With the markets waiting for the Federal Reserve to make […]
British Pound: USD/GBP (GBP=X) rattled by Boris Johnson and Hard Brexit rhetoric The British Pound remains weak in the face of heightened hard Brexit fears ahead of the second round of voting for the Conservative leader sip. Brexiteer Boris Johnson is currently a strong odds-on favorite to win the roll with some bookmakers pricing Johnson at a […]
British Pound: USD/GBP (GBP=X) forecasts downgraded amid mounting election risks The Pound is facing a protracted period of weakness as the risk of a general election and socialist government mounts, according to new forecasts from ING Group, while the Dollar is just months away from a turn lower that brings its 18-month rally to an end […]
British Pound: USD/GBP (GBP=X) to move sideways or decline in short-term The Pound-to-Dollar rate is trading at around 1.2589 at the start of the new week, after falling 1.13% in the previous week. Studies of the charts suggest that the exchange rate is likely to continue falling over the next five days but we are […]
British Pound: USD/GBP (GBP=X) heightened risk of reversal Pound Sterling is beginning to look a great deal more resilient against the Euro, even with the news out over the past 24 hours that parliament has failed in its latest attempts to ensure a ‘no deal’ Brexit is avoided on October 31. The Pound-to-Euro exchange rate now looks […]
British Pound: USD/GBP (GBP=X) Returning to Recent Lows The Pound returned toward recent lows against the Euro and Dollar going into the London close Wednesday after an opposition attempt to create law preventing a ‘no deal’ Brexit from taking place under the next Prime Minister was defeated in the House of Commons. Shadow Brexit Secretary […]
British Pound: USD/GBP (GBP=X) bid higher on better-than-expected labour market data Pound Sterling was seen staging a recovery against the Euro and U.S. Dollar in mid-morning trade on Tuesday, June 11 after UK labour market data showed wages continue to rise. According to ONS data, average earnings, with bonuses included, grew 3.1% in April, which […]
British Pound: USD/GBP (GBP=X) losing its gains in response to weak UK data The pound trades almost exclusively but it has been unable to ignore horrible figures. The UK economy shrank by 0.4% in April, worse than expected and indicating a hangover in the economy after businesses stockpiled ahead of the original Brexit data – […]
British Pound: USD/GBP (GBP=X) to be impacted by leadership race The Pound could well extend higher this coming ewek but we are wary of a brief and temporary setback from overbought levels The Pound-to-Dollar rate is trading at around 1.2732 at the start of the new week, after rising 0.8% in the previous week. Studies […]
British Pound: USD/GBP (GBP=X) British Construction PMI disappointed, with a score of 48.6 GBP/USD has posted slight gains in the Tuesday session. Currently, GBP/USD is trading at 1.2689, up 0.20% on the day. On the fundamentals front, British Construction PMI disappointed, with a score of 48.6, indicating contraction. This missed the estimate of 50.6 points. […]
British Pound: USD/GBP (GBP=X) focus is on manufacturing releases GBP/USD has posted is unchanged in the Monday session. Currently, GBP/USD is trading at 1.2645, up 0.11% on the day. On the fundamentals front, the focus is on manufacturing releases. British Manufacturing PMI slowed to 49.4, missing expectations. Later on, the U.K. releases BRC Retail Sales […]
British Pound: USD/GBP (GBP=X) possibility of recovery Pound Sterling has fallen 4.0% against the U.S. Dollar over the course of May, with losses taking the exchange rate down from the May 03 high at 1.3177 down to the month low of 1.2559 recorded on the final day. Declines are attributable to the Pound falling on […]
British Pound: USD/GBP (GBP=X) Brexit Paralysis might Stay for Long As disclosed earlier, current UK PM Theresa May would step down from office on June 7. Her departure would pave the way for the contest to elect the next successor for UK Leadership. Boris Johnson seems to possess the most chances to grab the PM’s […]
British Pound: USD/GBP (GBP=X) Expected to Trade Sideways The British pound went back and forth against the US dollar during trading on Tuesday, as we continue to bounce around. It makes sense of the Brexit of course steals all the headlines but at the end of the day we also have to worry about global trade. […]
British Pound: USD/GBP (GBP=X) Parliament remains deeply divided over Brexit The fog engulfing the Brexit remains as thick as ever. An embattled Prime Minister May announced her resignation on Friday, but her leadership has been so tenuous in recent months, that the move was viewed with more relief than surprise. Meanwhile, consumer inflation climbed to […]
British Pound: USD/GBP (GBP=X) under extreme selling pressure GBP/USD is trading below its main SMAs suggesting a bearish bias in the short term. As the USD is slightly weaker across the board bulls are attempting a recovery above 1.2600 figure. The trend remains down and bulls would need to initially break 1.2700 to create a […]
British Pound: USD/GBP (GBP=X) trading lower in mid-week trade amidst speculation Prime Minister Theresa May could be forced out of office over coming days The Pound is trading lower in mid-week trade amidst speculation Prime Minister Theresa May could be forced out of office over coming days. Reports suggest senior Cabinet ministers are looking to […]
British Pound: USD/GBP (GBP=X) BoE Governor Mark Carney testifies about inflation and the economic outlook before the Treasury Committee GBP/USD is showing little movement on Monday. In the North American session, the pair is trading at 1.2740, up 0.20% on the day. The pair dropped 2.2% last week, its sharpest weekly loss since October 2017. […]
British Pound: USD/GBP (GBP=X) fell rather hard The British pound initially tried to rally during the trading session on Wednesday but fell rather hard. We had broken through the most recent low at the 1.2850 level, and now it looks as if we are going to continue to go lower. The 1.28 handle will be targeted, […]
British Pound: USD/GBP (GBP=X) could dip below 1.2930 GBP could dip below 1.2930 but next support at 1.2900 could be just out of reach. Expectation for GBP to trade sideways yesterday was incorrect as it reversed quickly after touching 1.3040. While the sharp and swift drop to an overnight low of 1.2942 appears to be […]
British Pound: USD/GBP (GBP=X) suddenly turns on global risk sell-off Pound Sterling starts the new week slightly firmer against the Euro with 1 GBP buying 1.1585 EUR on the inter-bank market. The Pound suffered five consecutive days of losses against the Euro last week, with the exchange rate falling over a percent and a half, confirming […]
British Pound: USD/GBP (GBP=X) takes cues from jobs data; USD retail sales The Pound-to-Dollar rate is set to begin trading around 1.3000 on Sunday after closing more than one percent lower last week, although studies of the charts suggest the outlook for the exchange rate has turned neutral of late. Sterling still ceded ground to […]
British Pound: USD/GBP (GBP=X) will continue to see a lot of choppiness The British pound has gone back and forth during the trading session on Thursday, as we continue to deal with the 1.30 level as a magnet for price. Looking at this chart, it’s obvious that we have seen the lot of back-and-forth action, so […]
