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 […]
British Pound: USD/GBP (GBP=X) don’t be surprised if the volatility picks up The British pound has fallen during the trading session on Wednesday, reaching towards the vital 1.30 level. We have broken below this level before though, so it’s not exactly an possible that we continue to go lower. In general, we obviously have the Brexit […]
British Pound: USD/GBP (GBP=X) Stable as UK Service Sector Rebounds The Pound (GBP) held its ground at the end of last week after the UK’s latest services PMI confirmed the sector returned to growth in April. However growth was negligible and confirmed that the UK’s private sector only narrowly avoided stagnation last month, capping any […]
British Pound: USD/GBP (GBP=X) should continue to see a lot of volatility, mainly due to the Brexit The British pound got rolled over a bit during the trading session on Monday, as people were concerned about the spat between the Americans and the Chinese yet again. Ultimately, this is a market that should continue to see […]
British Pound: USD/GBP (GBP=X) Economic data, trade talks, Brexit and monetary policy are all in focus It’s a busy week ahead. In the first half of the week, house price figures, and retail sales data will likely be brushed aside ahead of a busy Friday. On the data front, 1st quarter GDP numbers, industrial and manufacturing […]
Will British Pound: USD/GBP (GBP=X) rise back above 1.30? The US Federal Reserve have already scaled back on their plans to hike interest rates in 2019 and whilst some commentators do believe that we will see the US currency weaker in the future if they move to cut rates anytime soon, what might be more […]
British Pound: USD/GBP (GBP=X) U.S dollar is on a roll and the momentum could continue this week GBP/USD posted considerable losses for a second straight week, closing the week below 1.30 for the first time since February. The upcoming week is light, with four events. Here is an outlook for the highlights of this week and an updated […]
British Pound: USD/GBP (GBP=X) take advantage of a low Pound The British pound try to rally initially during the trading session on Thursday but continues to break down. Now that we are below the 1.29 level we will be focusing on the 1.28 level underneath which is the 100% Fibonacci retracement level from the retest of […]
British Pound: USD/GBP (GBP=X) Brexit now returns to the agenda with expected volatility After the Easter recess Brexit now returns to the agenda with another round of volatility to be expected in these coming weeks. The pound to dollar exchange rate has struggled to gain momentum with rates falling below 1.30 for the GBP/USD pair. […]
British Pound: USD/GBP (GBP=X) break below 200-day required for bears to get going The Pound-to-U.S. Dollar rate is trading at 1.2993 at the start of the new week, with holiday-thinned Monday trade ensuring currency markets are witnessing low volatility. The exchange rate is however still about a half a percent lower than where it was […]
British Pound: USD/GBP (GBP=X) to struggle against the US Dollar until there is Brexit clarity One positive is that at least the extension removes the threat of a no-deal scenario for the time being but until there is some longer-term clarity, I fear the Pound could struggle to make any significant impact against the greenback. […]
British Pound: USD/GBP (GBP=X) is expected to trade sideways within a broad range No change in view from last Friday, see reproduced update below. There is not much to add as GBP traded within a relatively narrow range between 1.3050 and 1.3107 and registered an ‘inside trading day’. We have held the same view more […]
British Pound: USD/GBP (GBP=X) expect fluctuations on updates on the ongoing Brexit drama UK PM Theresa May has arranged last minute meets with the leaders of Germany and France later the day. She will urge the EU leaders to support her get an additional Brexit extension until June 30. In the talks with the EU leaders, she […]
British Pound: USD/GBP (GBP=X) Investors watching for a potentially key Brexit deal vote on Thursday The Pound-to-Dollar exchange rate is trading at 1.3032 at the start of a new week in which we expec the pair to be greatly affected by heightened Brexit uncertainty. The granting of a lenthy Brexit delay – or alternatively, no […]
British Pound: USD/GBP (GBP=X) Rebounds despite Mixed US Data For most of last week, investors found the Pound appealing and the US Dollar relatively unappealing. The Pound’s appeal was bolstered largely by Brexit speculation, as hopes rose that UK Parliament would be able to prevent a no-deal Brexit, while Prime Minister Theresa May and opposition […]
British Pound: USD/GBP (GBP=X) slips after Carney warning on Brexit After three days of gains, GBP/USD has dropped considerably on Thursday. In North American trade, GBP/USD is trading at 1.3075 down 0.62% on the day. On the release front, British new home-secured loans dropped to GBP 6.2 billion, shy of the estimate of GBP 7.7 […]
British Pound: USD/GBP (GBP=X) below Consensus PMI number weakened the pair further After continuing last day’s plunge rally during the Asian trading session, the GBP/USD managed to follow a range-bound movement. The pair fluctuated between 1.1212 and 1.1191 levels. Street Analysts expect the cable to remain in consolidation mode as the day approaches closing time. The Cable […]
British Pound: USD/GBP (GBP=X) Brexit uncertainty and turmoil continue GBP/USD dropped over 1.3% last week, as Brexit uncertainty and turmoil continue. We’ll get a snapshot of the health of the British economy, with the release of PMI reports. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. Prime […]
British Pound: USD/GBP (GBP=X) Brexit turmoil After an uneventful week, GBP/USD has dropped sharply on Thursday. In North American trade, the pair is trading at 1.3080, down 0.85% on the day. On the release front, U.S. Final GDP for the fourth quarter posted a 2.2% gain, shy of the estimate of 2.4%. Unemployment claims fell […]
British Pound: USD/GBP (GBP=X) continues to show little movement this week GBP/USD continues to drift this week. In Wednesday’s North American trade, the pair is trading at 1.3207, up 0.01% on the day. On the release front, British CBI Realized Sales shocked with a reading of -18, compared to the forecast of 5 points. There […]
British Pound: USD/GBP (GBP=X) Diminished odds for further GBP weakness After dropping sharply to 1.3004 last Thursday (21 Mar), GBP staged a surprisingly robust rebound and hit a high of 1.3224 on Friday. The high was just a few pips below our 1.3230 ‘key resistance’. While the ‘key resistance’ is still intact, the price action […]
British Pound: USD/GBP (GBP=X) Plunges as Macron Warns of N0-Deal Brexit Risk Comments from French President Emmanuel Macron prompted the Pound Sterling to US Dollar (GBP/USD) exchange rate to lose further ground this afternoon. As Macron warned that the UK could see a no-deal Brexit if MPs reject Theresa May’s deal once again Pound Sterling […]
British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers GBP/USD is steady in the Tuesday session. In the North American session, the pair is trading at 1.3265, down 0.09% on the day. There are no major U.S. events on the schedule. British employment numbers were mixed. On Wednesday, the U.K. releases a host of inflation […]
British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report The financial markets exhibited thin volatility in the wake of a national holiday in the United States. Well, the traders are back and the economic calendar is also loaded with some high impact economic events. Most of the focus will remain on […]
British Pound: USD/GBP (GBP=X) tipped to rise as uptrend extends The Pound-to-Dollar rate is to begin trading around 1.3285 Sunday after rising more than 2.0% in the previous week, although the exchange rate still has further to climb over the coming days, according to technical studies of charts. The pair rose after the UK Parliament […]
British Pound: USD/GBP (GBP=X) promises to be a busy week GBP/USD posted huge gains last week, climbing 2.2 percent. It promises to be a busy week. The U.K. releases CPI and retail sales, and parliament will hold another vote over Brexit. Central banks will also be in focus, with the BoE and Federal Reserve expected […]
British Pound: USD/GBP (GBP=X) Parliament asks government to rule out ‘no deal’ Brexit permanently UK lawmakers have voted to hypothetically take a ‘no deal’ Brexit off the table ‘for ever’ in a night of bruising losses for the government in the House of Commons that corresponded with another sharp rally in the value of the […]
British Pound: USD/GBP (GBP=X) UK Parliament votes to reject a no-deal Brexit Pound Sterling is the best performing major currency in mid-week trade with markets holding the view a solution to the current chronic Brexit uncertainty is achievable, with talk of the Attorney General reviewing his guidance being of particular interest to us from a […]
British Pound: USD/GBP (GBP=X) off overnight highs as market adopts wait-and-see approach The British Pound rose to record fresh multi-month highs against the Euro and rallied towards recent multi-month highs against the Dollar following a last-gasp attempt by the EU and UK to secure a Brexit deal. Overnight, UK Prime Minister Theresa May flew to […]
British Pound: USD/GBP (GBP=X) Struggles Ahead of Brexit Vote The Pound (GBP) was left on the defensive at the end of last week, falling against the majority of its peers amidst concerns about the progress on Brexit talks between the UK and EU. This comes ahead of a vote on Theresa May’s Brexit deal on […]
British Pound: USD/GBP (GBP=X) volatility is expected to increase further Next week the UK Parliament will vote on a series of Brexit Bills which will decide the short- and long-term future relationship between the UK and the EU. On Tuesday, PM May’s current Brexit Bill is re-presented to the House and is likely to be […]
British Pound: USD/GBP (GBP=X) Faces a more Difficult Road Reports out Thursday suggest Brexit talks between the EU and UK are close to breaking down, suggesting Prime Minster Theresa May’s Brexit deal will be shot down next week in what could amount to a substantial shift in sentiment for the British Pound. “Backstop talks on […]
British Pound: USD/GBP (GBP=X) focus will be on U.S. employment numbers for the remainder of the week GBP/USD continues to lose ground in the Tuesday session. In North American trade, the pair is trading at 1.3138, down 0.32% on the day. The pound has dropped 1.4% since February 28. In economic news, British Services PMI […]
British Pound: USD/GBP (GBP=X) to continue steady downside action ahead of Carney’s Speech The GBPUSD pair has been on steady albeit slow downside price action since the trading session started for the week. While hopes for the possibility of delaying article 50 deadline continues to prevent a sharp decline in the immediate future, a clear […]
British Pound: USD/GBP (GBP=X) eyes potential surprise Brexit vote The Technical outlook for GBP/USD is constructive and we would expect Sterling to maintain its 2019 bias for strengthening. But, we are wary of a surprise vote on Brexit, while a broadly stronger U.S. Dollar could provide headwinds. The Pound-to-U.S. Dollar rate is trading at 1.3204 […]
British Pound: USD/GBP (GBP=X) Rate Knocked by Strong US Growth Report Speculation that the Federal Reserve could still hike US interest rates again this year returned today, pushing the Pound Sterling to US Dollar (GBP/USD) exchange rate lower. Market demand for the US Dollar (USD) rose following the publication of the latest US growth rate […]
Delay to Brexit good for British Pound: USD/GBP (GBP=X) in short-term Pound Sterling is rising on the back of moves by government to ensure parliament is able to say whether they want to leave the EU without a deal or whether they want an extension to Brexit. The currency pushed to multi-year highs against the […]
British Pound: USD/GBP (GBP=X) Path of least resistance for Sterling is higher The Labour Party have announced that if they cannot get a ‘Labour Brexit’ through the House of Commons, they’ll move to a promise of another referendum on Brexit, a move that has been interpreted by foreign exchange markets as being a positive one […]
British Pound: USD/GBP (GBP=X) still plenty of positivity in this market The British pound rallied a bit during the trading session on Monday, slamming into the 1.31 handle which of course is very important as of the last couple of sessions. Looking at the chart, it appears that we could eventually break above there and go […]
