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 […]