British Pound: USD/GBP (GBP=X) Bank of England to cut interest rates in November

British Pound: USD/GBP (GBP=X) Bank of England to cut interest rates in November

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) is the Weakest Currency in July Thus Far

British Pound: USD/GBP (GBP=X) is the Weakest Currency in July Thus Far

British Pound: USD/GBP (GBP=X) is the Weakest Currency in July Thus Far Support at the psychological 1.2500 handle failed to hold GBP/USD higher in the early week as the pair was last seen trading at 1.2464. Much of the decline is attributed to a stronger dollar, although Sterling weakness has also been a significant factor. For the […]

British Pound: USD/GBP (GBP=X) 1.25 level will attract a lot of attention

British Pound: USD/GBP (GBP=X) 1.25 level will attract a lot of attention

British Pound: USD/GBP (GBP=X) 1.25 level will attract a lot of attention The Euro went back and forth early on Monday, essentially deciding nothing. However, that is something worth paying attention to as we are hovering around the vital 1.25 level. This large, round, psychologically significant figure could be crucial in determining where we go next. […]

British Pound: USD/GBP (GBP=X) further downside potential

British Pound: USD/GBP (GBP=X) further downside potential

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

British Pound: USD/GBP (GBP=X) continued weakness suggests that we could go much lower

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) reaching towards the 1.2550 level

British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level

British Pound: USD/GBP (GBP=X) reaching towards the 1.2550 level The British pound fell significantly during the trading session on Wednesday, reaching towards the 1.2550 level. That’s an area that should continue to be of interest as we had recently bounced from just below. Obviously, the 1.25 level underneath will probably cause significant support due to the […]

British Pound: USD/GBP (GBP=X) weak UK data and Brexit uncertainty weigh

British Pound: USD/GBP (GBP=X) weak UK data and Brexit uncertainty weigh

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

British Pound: USD/GBP (GBP=X) forecasts downgraded as Brexit saga drags on into year-end

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 Pound: USD/GBP (GBP=X) this week’s key events are the PMI reports

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

British Pound: USD/GBP (GBP=X) Holds Within a 50 pip Range

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

British Pound: USD/GBP (GBP=X) tumbled due to fresh comments from Federal Reserve officials

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

British Pound: USD/GBP (GBP=X) to trade heavily this summer as political risk rises

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

British Pound: USD/GBP (GBP=X) looks as if we are trying to continue the downward momentum

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

British Pound: USD/GBP (GBP=X) rises up to key June highs

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

British Pound: USD/GBP (GBP=X) showing strength

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

British Pound: USD/GBP (GBP=X) rattled by Boris Johnson and Hard Brexit rhetoric

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

British Pound: USD/GBP (GBP=X) forecasts downgraded amid mounting election risks

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

British Pound: USD/GBP (GBP=X) to move sideways or decline in short-term

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

British Pound: USD/GBP (GBP=X) heightened risk of reversal

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

British Pound: USD/GBP (GBP=X) Returning to Recent Lows

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

British Pound: USD/GBP (GBP=X) bid higher on better-than-expected labour market data

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

British Pound: USD/GBP (GBP=X) losing its gains in response to weak UK data

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

British Pound: USD/GBP (GBP=X) to be impacted by leadership race

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) rising on a mix of USD weakness and upbeat UK data

British Pound: USD/GBP (GBP=X) rising on a mix of USD weakness and upbeat UK data

British Pound: USD/GBP (GBP=X) rising on a mix of USD weakness and upbeat UK data GBP/USD has probably stopped worrying about Brexit and found reasons to rise. The latest upwards driver has come from UK data. The Markit/CIPS services purchasing managers’ index (PMI) for May has risen to 51 points – not only beating expectations but […]

British Pound: USD/GBP (GBP=X) British Construction PMI disappointed, with a score of 48.6

British Pound: USD/GBP (GBP=X) British Construction PMI disappointed, with a score of 48.6

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

British Pound: USD/GBP (GBP=X) focus is on manufacturing releases

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

British Pound: USD/GBP (GBP=X) possibility of recovery

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) just can’t catch a break

British Pound: USD/GBP (GBP=X) just can’t catch a break

British Pound: USD/GBP (GBP=X) just can’t catch a break The British Pound finds itself under pressure once more in the approach to the end of what has been a tough month for the currency. The fresh declines, which come after a four-day hiatus from the month-long selloff, come admist the latest set of Brexit developments. […]

British Pound: USD/GBP (GBP=X) Brexit Paralysis might Stay for Long

British Pound: USD/GBP (GBP=X) Brexit Paralysis might Stay for Long

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) Parliament remains deeply divided over Brexit

British Pound: USD/GBP (GBP=X) Parliament remains deeply divided over Brexit

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

British Pound: USD/GBP (GBP=X) under extreme selling pressure

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

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

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) May pitches new Brexit deal

British Pound: USD/GBP (GBP=X) May pitches new Brexit deal

British Pound: USD/GBP (GBP=X) May pitches new Brexit deal The British Pound is staging a relief rally on Tuesday, May 21 as markets digest the details of  Prime Minister Theresa May’s new Brexit deal. However, the currency’s move higher is not expected to extend significantly amongst a distinctly negative reaction to her latest offer from […]

British Pound: USD/GBP (GBP=X) BoE Governor Mark Carney testifies about inflation and the economic outlook before the Treasury Committee

British Pound: USD/GBP (GBP=X) BoE Governor Mark Carney testifies about inflation and the economic outlook before the Treasury Committee

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) oversold marginally likely to continue

British Pound: USD/GBP (GBP=X) oversold marginally likely to continue

British Pound: USD/GBP (GBP=X) oversold marginally likely to continue The Pound-to-Dollar exchange rate is trading at 1.2714 at the start of the new trading week after collapsing over 2.2% in the week before. The decline came as a result of the collapse of cross-party Brexit talks which had promised to deliver a possible softer ‘customs-union’ […]

British Pound: USD/GBP (GBP=X) Influencing Events

British Pound: USD/GBP (GBP=X) Influencing Events

British Pound: USD/GBP (GBP=X) Influencing Events The Sterling investors wait for the BOE’s Jonathan Haskel comments over the UK’s economic conditions. Haskel’s statements might find some impact on the pair laterwards as this is the only event for GBP today. The USD-specific events have occupied mainly the primary space in the event calendar than the […]

British Pound: USD/GBP (GBP=X) could dip below 1.2930

British Pound: USD/GBP (GBP=X) could dip below 1.2930

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

British Pound: USD/GBP (GBP=X) suddenly turns on global risk sell-off

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

British Pound: USD/GBP (GBP=X) takes cues from jobs data; USD retail sales

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

British Pound: USD/GBP (GBP=X) will continue to see a lot of choppiness

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

British Pound: USD/GBP (GBP=X) don’t be surprised if the volatility picks up

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

British Pound: USD/GBP (GBP=X) Stable as UK Service Sector Rebounds

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

British Pound: USD/GBP (GBP=X) should continue to see a lot of volatility, mainly due to the Brexit

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

British Pound: USD/GBP (GBP=X) Economic data, trade talks, Brexit and monetary policy are all in focus

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 […]

British Pound: USD/GBP (GBP=X) U.S dollar is on a roll and the momentum could continue this week

British Pound: USD/GBP (GBP=X) U.S dollar is on a roll and the momentum could continue this week

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

British Pound: USD/GBP (GBP=X) take advantage of a low Pound

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

British Pound: USD/GBP (GBP=X) Brexit now returns to the agenda with expected volatility

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

British Pound: USD/GBP (GBP=X) break below 200-day required for bears to get going

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

British Pound: USD/GBP (GBP=X) to struggle against the US Dollar until there is Brexit clarity

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

British Pound: USD/GBP (GBP=X) is expected to trade sideways within a broad range

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) investors will be watching employment, inflation and retail sales this week

British Pound: USD/GBP (GBP=X) investors will be watching employment, inflation and retail sales this week

British Pound: USD/GBP (GBP=X) investors will be watching employment, inflation and retail sales this week GBP/USD showed little movement last week. It’s a busy week in the U.K, with employment, inflation and retail sales reports. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. Britain and the EU agreed […]

British Pound: USD/GBP (GBP=X) expect fluctuations on updates on the ongoing Brexit drama

British Pound: USD/GBP (GBP=X) expect fluctuations on updates on the ongoing Brexit drama

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

British Pound: USD/GBP (GBP=X) Investors watching for a potentially key Brexit deal vote on Thursday

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

British Pound: USD/GBP (GBP=X) Rebounds despite Mixed US Data

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

British Pound: USD/GBP (GBP=X) slips after Carney warning on Brexit

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) is awaiting a breakthrough in the Brexit deadlock

British Pound: USD/GBP (GBP=X) is awaiting a breakthrough in the Brexit deadlock

British Pound: USD/GBP (GBP=X) is awaiting a breakthrough in the Brexit deadlock GBP/USD has been consolidating between the top end of the 1.29 handle and the lower end of the 1.33 handle, for the most part, with a brief test of the 50% Fibo of the mid-April highs to flash crash lows at the start […]

British Pound: USD/GBP (GBP=X) below Consensus PMI number weakened the pair further

British Pound: USD/GBP (GBP=X) below Consensus PMI number weakened the pair further

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) continues to be very difficult to follow

British Pound: USD/GBP (GBP=X) continues to be very difficult to follow

British Pound: USD/GBP (GBP=X) continues to be very difficult to follow The British pound rallied significantly during the trading session on Monday, testing the highs from the Friday candle rather early during the day as we continue to see a lot of consolidation in a market that of course has been very noisy. After all, we […]

British Pound: USD/GBP (GBP=X) Brexit uncertainty and turmoil continue

British Pound: USD/GBP (GBP=X) Brexit uncertainty and turmoil continue

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

British Pound: USD/GBP (GBP=X) Brexit turmoil

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

British Pound: USD/GBP (GBP=X) continues to show little movement this week

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) Ticks Higher Ahead of Brexit Indicative Votes and US House Data

British Pound: USD/GBP (GBP=X) Ticks Higher Ahead of Brexit Indicative Votes and US House Data

British Pound: USD/GBP (GBP=X) Ticks Higher Ahead of Brexit Indicative Votes and US House Data Despite persistent concerns that a no-deal Brexit is possible if no Brexit solution is reached in the coming weeks, the British Pound to US Dollar exchange rate edged higher today. Hopes for a solution to be reached kept Sterling buoyed […]

British Pound: USD/GBP (GBP=X) Diminished odds for further GBP weakness

British Pound: USD/GBP (GBP=X) Diminished odds for further GBP weakness

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

British Pound: USD/GBP (GBP=X) Plunges as Macron Warns of N0-Deal Brexit Risk

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

British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers

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

British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report

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

British Pound: USD/GBP (GBP=X) tipped to rise as uptrend extends

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

British Pound: USD/GBP (GBP=X) promises to be a busy week

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

British Pound: USD/GBP (GBP=X) Parliament asks government to rule out ‘no deal’ Brexit permanently

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

British Pound: USD/GBP (GBP=X) UK Parliament votes to reject a no-deal Brexit

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

British Pound: USD/GBP (GBP=X) off overnight highs as market adopts wait-and-see approach

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

British Pound: USD/GBP (GBP=X) Struggles Ahead of Brexit Vote

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

British Pound: USD/GBP (GBP=X) volatility is expected to increase further

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

British Pound: USD/GBP (GBP=X) Faces a more Difficult Road

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

British Pound: USD/GBP (GBP=X) focus will be on U.S. employment numbers for the remainder of the week

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

British Pound: USD/GBP (GBP=X) to continue steady downside action ahead of Carney’s Speech

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) Risks To Downside

British Pound: USD/GBP (GBP=X) Risks To Downside

British Pound: USD/GBP (GBP=X) Risks To Downside The Pound US Dollar (GBP/USD) exchange rate clinched a second week of appreciation, spurred higher by a wave of Brexit-based optimism. Against the US Dollar, the £ cross gained 1.15% and was seen edging higher into Monday’s session, trading at $1.32416 at the time of writing. It’s a […]

British Pound: USD/GBP (GBP=X) eyes potential surprise Brexit vote

British Pound: USD/GBP (GBP=X) eyes potential surprise Brexit vote

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

British Pound: USD/GBP (GBP=X) Rate Knocked by Strong US Growth Report

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

Delay to Brexit good for British Pound: USD/GBP (GBP=X) in short-term

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

British Pound: USD/GBP (GBP=X) Path of least resistance for Sterling is higher

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

British Pound: USD/GBP (GBP=X) still plenty of positivity in this market

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 […]

British Pound: USD/GBP (GBP=X) Brexit speculation bolstering demand for the Pound

British Pound: USD/GBP (GBP=X) Brexit speculation bolstering demand for the Pound

British Pound: USD/GBP (GBP=X) Brexit speculation bolstering demand for the Pound Throughout the past week, investors were hesitant to buy the US Dollar, as developments in geopolitics and trade news made investors more willing to take risks instead. As the US Dollar is a safe haven currency that benefits from times of market uncertainties, the […]

British Pound: USD/GBP (GBP=X) U.K posted a rare budget surplus in January

British Pound: USD/GBP (GBP=X) U.K posted a rare budget surplus in January

British Pound: USD/GBP (GBP=X) U.K posted a rare budget surplus in January GBP/USD is steady in the Thursday session, continuing the trend seen on Wednesday. In North American trade, the pair is trading at 1.3051, unchanged on the day. In economic news, the U.K posted a rare budget surplus in January. The surplus of GBP 15.8 […]

British Pound: USD/GBP (GBP=X) Investors are awaiting the release of the FOMC Minutes

British Pound: USD/GBP (GBP=X) Investors are awaiting the release of the FOMC Minutes

British Pound: USD/GBP (GBP=X) Investors are awaiting the release of the FOMC Minutes The pound US dollar exchange rate advanced to an almost two-week high yesterday, but the pairing has given up some of those gains today and is currently trading in the region of $1.303. GBP/USD has drifted lower despite President Donald Trump dispelling […]

Mixed UK data and Brexit uncertainties didn’t prevent the British Pound: USD/GBP (GBP=X)

Mixed UK data and Brexit uncertainties didn’t prevent the British Pound: USD/GBP (GBP=X)

Mixed UK data and Brexit uncertainties didn’t prevent the British Pound: USD/GBP (GBP=X) Mixed UK data and Brexit uncertainties didn’t prevent the British Pound to US Dollar (GBP/USD) exchange rate from extending its recovery attempts today, as Pound investors reacted with optimism to some stats while the US Dollar’s strength was limited by optimism surrounding […]

British Pound: USD/GBP (GBP=X) heading back towards the 200-day moving average

British Pound: USD/GBP (GBP=X) heading back towards the 200-day moving average

British Pound: USD/GBP (GBP=X) heading back towards the 200-day moving average GBPUSD has picked up from last Thursday’s 1.2770 low and is now trading either side of 1.2900 after hitting an early peak around 1.2925. This push higher has taken GBPUSD above the 50-day moving average at 1.2874 and is homing in on the 200-day ma […]

British Pound: USD/GBP (GBP=X) Brexit, PMI Numbers and Trade Talks in Focus

British Pound: USD/GBP (GBP=X) Brexit, PMI Numbers and Trade Talks in Focus

British Pound: USD/GBP (GBP=X) Brexit, PMI Numbers and Trade Talks in Focus On the Macro For the Dollar: Key stats include December durable goods orders, February’s Philly FED Manufacturing Index, prelim U.S private sector PMI numbers and existing home sales figures all due out on Thursday. An upward trend in the weekly jobless claims figures […]

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

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

British Pound: USD/GBP (GBP=X) pushes lower The GBP/USD price has created a new lower low in its current downtrend, as the dollar strength hurt sterling hard yesterday and has been in evidence already this morning. Rallies should continue to be sold until we see a higher high and, for the moment, that requires a move back above […]

British Pound: USD/GBP (GBP=X) higher low for GBP/USD?

British Pound: USD/GBP (GBP=X) higher low for GBP/USD?

British Pound: USD/GBP (GBP=X) higher low for GBP/USD? It may be that GBP/USD has found a bottom around $1.284. The price has rallied off the lows and started to move higher, but it will need to maintain this momentum and push above $1.294 to suggest that a higher low is in place. This would then suggest a […]

British Pound: USD/GBP (GBP=X) still on the back foot

British Pound: USD/GBP (GBP=X) still on the back foot

British Pound: USD/GBP (GBP=X) still on the back foot If GBP/USD has turned a corner longer term, it needs to start thinking about creating a higher low, preferably above $1.26. For now, the downtrend from last April seems to have turned into a consolidation phase over the past few months, with rallies towards $1.32 followed by retracements […]

British Pound: USD/GBP (GBP=X) drifts lower within more uncertain period

British Pound: USD/GBP (GBP=X) drifts lower within more uncertain period

British Pound: USD/GBP (GBP=X) drifts lower within more uncertain period GBP/USD managed to rally through the $1.2979 resistance level on Thursday, with that short-term higher high pointing towards the possibility of further upside to come. However, with the price drifting lower, we are moving closer to the $1.2854 level which would denote a bearish continuation move. […]

British Pound: USD/GBP (GBP=X) BoE cuts growth forecasts but Sterling re-traces the sell-off

British Pound: USD/GBP (GBP=X) BoE cuts growth forecasts but Sterling re-traces the sell-off

British Pound: USD/GBP (GBP=X) BoE cuts growth forecasts but Sterling re-traces the sell-off A tough week for trying to value Sterling looking forward with a mildly dovish Bank of England Report having only a short-term negative effect on GBP, while the Irish backstop problem becomes seemingly even more entrenched. We do not like changing forecasts on […]

British Pound: USD/GBP (GBP=X) respecting Fibonacci support

British Pound: USD/GBP (GBP=X) respecting Fibonacci support

British Pound: USD/GBP (GBP=X) respecting Fibonacci support GBP/USD sold off into the 76.4% Fibonacci support level over the past week, with the pair starting to find some buyers from that $1.2922 level. This points towards a likely move higher to continue the bullish trend in play over the past month. A break below $1.2930 would signify a […]

British Pound: USD/GBP (GBP=X) at key support

British Pound: USD/GBP (GBP=X) at key support

British Pound: USD/GBP (GBP=X) at key support Bulls will need to watch this GBP/USD battle around $1.302 carefully. If they can hold this zone of support, then an attempt to challenge $1.31 is possible, with a break of this lower high signaling a fresh bullish move in the ongoing uptrend from the December lows. A failure to […]

British Pound: USD/GBP (GBP=X) continues to drift lower

British Pound: USD/GBP (GBP=X) continues to drift lower

British Pound: USD/GBP (GBP=X) continues to drift lower GBP/USD has been drifting lower after a recent uptrend that took the pair into a three-month high. The current move lower looks to take the form of a falling wedge, with a strong possibility that the wider bullish trend will come back into play once more. A […]

British Pound: USD/GBP (GBP=X) upcoming week’s key events are the BoE rate announcement and inflation report

British Pound: USD/GBP (GBP=X) upcoming week’s key events are the BoE rate announcement and inflation report

British Pound: USD/GBP (GBP=X) upcoming week’s key events are the BoE rate announcement and inflation report After a string of weekly gains, cable headed lower last week. Parliament revisited the withdrawal agreement, but the confusion over a post-Brexit remains. Lawmakers indicated that they oppose a no-deal and sent Theresa May back to Brussels to renegotiate […]