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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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