EUR / GBP was once again met with new offers just before the 0.8600 round level. The nervousness of COVID-19, Brexit problems could act as a headwind for the GBP and limit declines. The crossing EUR/GBP it fell throughout the middle of the European session and fell to fresh daily lows, around the 0.8570-65 region […]
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GBP / USD falls below 1.3750 amid USD rally, Brexit woes and Jackson Hole
GBP / USD turns negative for the first time in four days and is approaching 1.3700. GBP bulls give in to bearish crossover and Brexit concerns reappear. The 200 day SMA limits gains while the trend line on the daily chart limits losses before key events. GBP // USD is pulling back towards 1.3700, having […]
Forex Today – Asian Session: Dollar Resumes Advance, More Gains To Come
What you need to know on Tuesday, August 10: The dollar was under slight pressure during the first half of the day, resuming its advance during the US session to record new highs against most major rivals. The dollar moved alongside US government bond yields, which managed to rebound after an initial decline. The 10-year […]
GBP / JPY Finds Support Near 152.50 and Approaches Two-Week Highs
A combination of factors helped GBP / JPY extend the gains on Wednesday. Decline in COVID-19 cases in the UK helped the British pound. Yen loses strength after stabilization in stocks. GBP / JPY maintained its bullish tone during the European session and climbed to almost two-week highs at 152.80. Then it fell back, finding […]
GBP / USD gains momentum and rises to the 1.3800 zone
GBP / USD was helped by the weakness of the dollar. Brexit problems and the emergence of COVID-19 cases, negative factors for the pound. Fall in Treasury yields limits the dollar. GBP / USD gained momentum and jumped higher, having been trading for hours around 1.3730. The price climbed to 1.3800, the highest level in […]
GBP / JPY rises to more highs in over a week past 152.00
GBP / JPY advanced for the fifth consecutive session on Monday. A general weakness in the dollar extended some support to the British pound. Nervousness over COVID-19 benefited the yen and could limit gains. GBP / JPY reversed an early fall in the European session to the 151.40 region and jumped to highs in more […]
GBP / USD remains under pressure around 1.3750
A combination of factors puts some pressure on GBP / USD for the second day in a row. A subdued USD price action offers some support and limits the pair’s losses, at least for now. The pair GBP/USD remains aimless at the start of the European session on Monday, moving within a narrow range around […]
GBP / JPY resumes 152.00 level, new weekly highs
GBP / JPY continued to climb higher for the fourth consecutive session on Friday. Risk momentum undermined the safe-haven JPY and continued to act supportive. Brexit woes, softer UK macro data could prevent bulls from making aggressive bets. The pair GBP/JPY it shot to fresh weekly highs during the middle of the European session, and […]
Extends pullback from weekly highs, drops further below 1.3750
GBP / USD witnessed some selling on Friday and trimmed a portion of the night’s strong gains. This week’s strong recovery from levels below 1.3600 stalled near the resistance of the 200 hourly SMA. A sustained move beyond the aforementioned barrier is needed to support the prospects for higher earnings. The pair GBP/USD it extended […]
EUR / GBP above 0.8550 after data
EUR / GBP regains positive traction on Friday and recovers some of the previous day’s heavy losses Brexit woes, COVID-19 nervousness and mixed UK economic data weigh on the GBP and support the pair’s rise. Germany’s upbeat preliminary PMI benefits the euro and provides an additional boost to the pair. Intraday selling bias around the […]
