GBP / JPY has not moved much on Tuesday and continues to consolidate at the 150.00 lows area. The pair has formed a pennant this month, suggesting that a technical breakout in either direction is on the table. The main events to watch this week for the pair are the BoE meeting on Thursday and […]
Tag: BOE
EUR / GBP remains below 0.8550 ahead of central banks
EUR / GBP is trading sideways below 0.8550 unaffected by UK employment data. The cross, like several in the market, with its eyes on the next decisions of central banks. Thursday will be the turn of the Bank of England and the European Central Bank. The EUR / GBP has been moving south from the […]
GBP / USD holding steady around 1.3200 following UK employment details
GBP / USD struggles to gain any significant traction amid modest USD strength. The upbeat UK employment details did not impress the bulls or provide fresh momentum. Diminishing expectations of a BoE rate hike act as a headwind amid Brexit-related uncertainties. The pair GBP / USD remains stable just above the round level of 1.3200 […]
GBP / USD targeting daily lows around 1.3225-20 amid dollar strength
GBP / USD fell moderately on Monday, at the start of a busy week. The dollar rises supported by expectations of what the Federal Reserve can do on Monday. The GBP / USD pair remained weak during the European session, falling to the 1.3220 / 25 area, which contained the declines. From there it reobtained […]
GBP / USD: How Far Can It Fall? The bears are hungry before the BoE
With expectations of a December rate hike from the Bank of England (BoE) tapering off amid growing concerns about the covid variant Omicron In the UK, Societe Generale analysts offer their bearish outlook on GBP / USD. Featured Comments “The British pound is often the currency market’s favorite bearish trade. This week, journalists have been […]
GBP / USD stable around 1.3200, take a breather before key UK GDP and US inflation data.
GBP / USD has spent most of Thursday’s session moving on both sides of the 1.3200 level. The 38.2% Fibonnacci retracement from the high to low post-pandemic is offering support. A break below this support would open the door for a quick move to the psychologically important 1.3000 level. The pair GBP / USD has […]
GBP / USD remains on the defensive around the 1.3200 level
GBP / USD sees some selling on Thursday and is pressured by a combination of factors. Lowering expectations of a BoE rate hike and Brexit woes continue to act as a headwind for the British pound. A softer risk tone benefits the safe-haven USD and also contributes to the pair’s selling bias. The pair GBP/USD […]
Fall Still Open Towards 1.3100 Amid Omicron Risks
GBP / USD expects deeper losses as Omicron restrictions derail the BoE’s rate hike bets. US dollar jumps with mixed market mood, critical daily support line remains at risk. The DMA of 21 is the level to beat for GBP bulls if the bounce from the yearly lows kicks in. The GBP/USD is losing around […]
EUR / GBP jumps above 0.8550, tests 200 DMA
EUR / GBP jumped above 0.8550 to its highest levels since mid-November, with the pound hit in anticipation of further Covid-19 restrictions in the UK. The pair’s rally has so far stopped at the 200 DMA, but the bulls are expecting a move to 0.8600. The EUR/GBP It has seen a substantial rise on Wednesday, […]
GBP / JPY cuts intraday losses, remains bearish around 150.00
GBP / JPY fell sharply in reaction to reports of new COVID-19 restrictions in the UK. A positive risk tone undermined the safe-haven JPY and helped the cross trim losses. Diminishing odds of an imminent rate hike from the Bank of England supports prospects for a further decline. The crossing GBP/JPY It rallied around 100 […]