The pound falls on all fronts after the decision of the Bank of England. The English central bank raised the rate to 1%, divisions are seen in the future among the members of the Committee. GBP/USD collapses and is one step away from marking new annual lows. The pound tumbled after the Bank of England […]
Tag: BOE
GBP/USD pulls back and approaches 1.2500 ahead of BoE decision
GBP/USD finds it difficult to capitalize on the previous day’s rally after the FOMC and runs into fresh selling on Thursday. Prospects of a further Fed tightening revive USD demand and put downward pressure on the pair. The decline appears supported as the market focus now shifts to the Bank of England’s monetary policy decision. […]
GBP/USD updates daily highs after the ADP report, the focus remains on the FOMC
GBP/USD staged a nice intraday rebound from the weekly low hit earlier this Wednesday. A positive risk tone and disappointing ADP report weighed on the safe haven USD and extended some support. Upside potential seems limited as focus remains glued to the crucial FOMC policy decision. USD fell in reaction to the US ADP report […]
GBP/USD clings to 1.2500 ahead of crucial Fed-BoE policy meetings
On Tuesday, GBP/USD posts minimal gains below the 1.2500 region. GBP/USD remains confined to the 1.2410-1.2600 range ahead of the important Fed and BoE monetary policy meetings. GBP/USD Price Forecast: Remain under pressure below 1.2600. Amid an upbeat market mood, as illustrated by rising global equities, the GBP/USD posts modest gains, despite retreating from daily […]
GBP/JPY continues to oscillate around $163.00
GBP/JPY continues to trade steadily and flips either side of the 163.00 level. The pair is in standby mode ahead of this week’s pivotal BoE meeting on Thursday. For now, the 21 DMA around $163.50 offers strong resistance. The GBP/JPY it continues to trade steadily and flips either side of the 163.00 level, as has […]
GBP/USD consolidates below 1.2550
GBP/USD is slightly higher on Tuesday and is trading at the low 1.2500 following the return of UK market participants. But the pair remains range bound at 1.2400-1.2600 ahead of key Fed and BoE meetings this week. Analysts warn of downside risks for the pair as a result of the policy divergence between the Fed […]
GBP/USD languishes at 1.2550, focus remains on Fed/BoE meetings
GBP/USD is trading at 1.2550 on reduced volumes due to the UK markets closing and ahead of key BoE/Fed meetings. The bearish combination of a hawkish Fed plus less aggressive BoE/UK growth concerns means traders can continue to sell rallies. The GBP/USD loses steam at 1.2550 on Monday, with volumes reduced as a result of […]
GBP/USD recovers early losses, holds steady below 1.2600
GBP/USD is trading in a range below the 1.2600 level at the start of the European session on Wednesday. Expectations of an aggressive Fed rate hike continue to underpin the USD and act as a headwind for the pair. The decline remains supported ahead of key FOMC and BoE monetary policy meetings. The pair GBP/USD […]
GBP/JPY hangs on to strong gains after BoJ’s dovish message, struggling to break above 21-DMA
GBP/JPY is trading around 163.00, just below its 21 DMA and more than 100 pips below previous session’s highs. Pound bulls remain hard to find as pessimism about the UK economy and BoE tightening outlook mounts. But the pair is still trading with gains of more than 1.0% on the day hit by the yen […]
GBP/USD stabilizes near 1.2550, recovers from a relentless slide over the last four sessions
GBP/USD has modestly stabilized at the 1.2550 area after losing more than 3.5% in the last four sessions. Traders have attributed a weakening of the UK economic outlook, the subsequent easing of the BoE’s tighter bets and broader flows of risk aversion as a factor. In this context, the prospect of a significant rebound seems […]
