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GBP/USD: Fed May End The Dead Cat Bounce
Wednesday, July 31, 2019 - 10:18am | 675Read More...GBP/USD has been stabilizing after suffering significant falls earlier. Fears of a hard Brexit and the Fed decision are eyed. Wednesday's technical chart is mixed for GBP/USD. Sterling has found some stability – but Boris Johnson's blame game may send it lower. The PM – hardly...
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GBP/USD: How Low Can The Pound Go?
Tuesday, July 30, 2019 - 10:29am | 680Read More...GBP/USD has been extending its massive sell-off, falling to 29-month lows. Boris Johnson's refusal to meet his European peers is weighing heavily. Tuesday's daily chart is pointing to oversold conditions, implying a bounce. When it rains, it pours – GBP/USD has lost over 250 pips in...
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GBP/USD: Slide Below Yearly Lows Remains A Distinct Possibility
Friday, July 26, 2019 - 10:26am | 593Read More...Persistent fears of a no-deal Brexit continue to cap any attempted up-move. The prevalent USD bullish sentiment further adds to the bearish pressure. Traders look forward to the US Q2 GDP print for some meaningful impetus. The GBP/USD pair built on the previous session's rebound from weekly...
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GBP/USD: Two First Acts Of Boris Johnson That Can Be Critical For The Pound
Wednesday, July 24, 2019 - 10:21am | 635Read More...GBP/USD has been rising ahead of Boris Johnson's entry into No. 10. Johnson's first speech as PM and his pick of Chancellor are critical. Wednesday's technical chart shows that downside momentum has waned. Boris Johnson, PM – a moment that many believed will never come is...
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GBP/USD: Brexit-Related Uncertainty Weighed On The GBP
Monday, July 22, 2019 - 10:19am | 571Read More...The UK political developments add to the Brexit-related uncertainty and weighed on the GBP. Tempered Fed rate cut expectations underpinned the USD and exert some additional pressure. The GBP/USD pair failed to capitalize on an intraday uptick beyond the key 1.2500 psychological mark and met with...
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GBP/USD: Bounces Off The Sub-1.2400 Area
Friday, July 19, 2019 - 10:03am | 298Read More...GBP/USD bounces off the sub-1.2400 area. Sterling rallied as ‘no deal’ option lost some traction. Boris Johnson still leads the run-up to be Prime Minister. The British Pound rallied on Thursday, managing at the same time to leave behind fresh lows in sub-1.2400 levels, after the...
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GBP/USD: Upbeat UK Retail Sales Helped Gain Follow-Through Traction
Thursday, July 18, 2019 - 10:29am | 488Read More...A goodish pickup in the US bond yields extended some support to the USD and capped gains. Fed rate cut expectations should limit any meaningful USD uptick and help limit the downside. Investors might refrain from placing fresh bets ahead of Tuesday’s UK monthly jobs report. The GBP/USD pair...
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GBP/USD: Bears Take A Breather Ahead Of UK CPI
Wednesday, July 17, 2019 - 10:22am | 500Read More...A goodish pickup in the US bond yields extended some support to the USD and capped gains. Fed rate cut expectations should limit any meaningful USD uptick and help limit the downside. Investors might refrain from placing fresh bets ahead of Tuesday’s UK monthly jobs report. The GBP/USD pair...
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GBP/USD: Remains Vulnerable Near Multi-Month Lows
Tuesday, July 16, 2019 - 10:14am | 490Read More...A goodish pickup in the US bond yields extended some support to the USD and capped gains. Fed rate cut expectations should limit any meaningful USD uptick and help limit the downside. Investors might refrain from placing fresh bets ahead of Tuesday’s UK monthly jobs report. The GBP/USD pair...
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GBP/USD: Pound Looks Perky
Thursday, July 11, 2019 - 10:30am | 612Read More...GBP/USD has dropped to fresh six-month amid recession fears. Weak BRC retail sales exacerbate the pound's pounding. Comments by Ireland's finance minister also weigh. Tuesday's daily chart points to near oversold conditions on GBP/USD. Sterling has been unable to enjoy any solace...
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GBP/USD: Three Reasons For The Pound's Plunge
Tuesday, July 9, 2019 - 10:54am | 637Read More...GBP/USD has dropped to fresh six-month amid recession fears. Weak BRC retail sales exacerbate the pound's pounding. Comments by Ireland's finance minister also weigh. Tuesday's daily chart points to near oversold conditions on GBP/USD. Sterling has been unable to enjoy any...
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GBP/USD: Ready For A Dead Cat Bounce
Monday, July 8, 2019 - 11:10am | 462Read More...GBP/USD has been recovering from the fresh six-month lows it hit on Friday. Brexit uncertainty looms large over the pound. Monday's four-hour chart points to oversold conditions that imply a bounce – albeit a temporary one. The pound's vulnerability has been exposed. When the US...
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GBP/USD Falling As The Greenback Gains Ground
Friday, July 5, 2019 - 11:07am | 478Read More...GBP/USD has been drifting downwards as the USD reasserts itself after the holiday. The US Non-Farm Payrolls is left, right, and center. Friday's four-hour chart is showing oversold conditions that imply a bounce. GBP/USD may have finished reacting negatively to poor UK data – but is now...
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GBP/USD Has Been Falling In Response To Weak UK Data And USD Strength
Monday, July 1, 2019 - 10:09am | 515Read More...GBP/USD has been falling in response to weak UK data and USD strength. Comments from the leadership candidates and US data are set to dominate price action. Monday's four-hour shows pound/dollar at critical support. Brexit has been taking its toll on the UK economy – and it is yet to...
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GBP/USD Forecast: Riding Uptrend Support And Confused By Trump And Johnson
Thursday, June 27, 2019 - 10:54am | 578Read More...GBP/USD has been trading in a narrow range around 1.2700 amid mixed news. Comments from Boris Johnson and Donald will likely continue moving GBP/USD today. Thursday's four-hour chart shows the currency pair is trading above uptrend support. Confusion can sometimes trigger highly...















