GBP / USD gained strong follow-up traction for the second consecutive session on Thursday. Some transverse transmission force derived from a decline in EUR / GBP provided a good boost. A dovish USD price action continued to support the bullish move amid risk momentum. An unexpected jump in initial weekly unemployment claims in the United […]
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GBP / USD relaxes from three-day highs, slightly rising around 1.3725 area
GBP / USD rose for the second day in a row on Thursday. Some weakness in the dollar and the previous one from the ECB seem to have given support to the pound. The pair’s advance comes despite Brexit issues, COVID-19 nervousness and comments from Broadbent of the BoE. The GBP / USD maintained its […]
EUR / GBP extends slide below 0.8600 level before ECB
EUR / GBP is witnessing some continuation selling for the second day in a row on Thursday. Some replenishment movements before the ECB’s monetary policy decision seem to put pressure on the pair. Brexit issues and nervousness over COVID-19 act as a headwind for the British pound and help limit deeper losses. The crossing EUR […]
EUR / GBP extends pullback from two-month highs, hovers above 0.8600
EUR / GBP is falling on Wednesday, ending a three-day streak of gains. Improvement in stocks helped the British currency. Brexit issues and COVID-19 nervousness could limit the pound’s recovery. The EUR / GBP fell almost 40 pips from the high of the day and is trading at 0.8621, the minimum of the day. The […]
Remain vulnerable to extending the fall
A modest profit-taking in the USD helps GBP / USD reverse an intraday slide below 1.3600. Acceptance below the 200-day SMA could have already set the stage for a further short-term decline. Any recovery movement is likely to remain limited near the round 1.3700 level. The GBP / USD pair has once again shown some […]
GBP / JPY finds resistance at the 150.10 area
GBP / JPY extends the rebound on Wednesday, although it is struggling to hold above 150.00. Rise in yields and improvement in stocks, pushed JPY down. The GBP / JPY cross climbed to 150.13 in the European session, marking a two-day high, driven by the yen’s pullback throughout the market. Then the cross showed difficulties […]
GBP / USD struggles near multi-month lows around 1.3600 level
GBP / USD remains under some selling pressure for the sixth day in a row on Wednesday. Brexit issues and nervousness over COVID-19 continue to weigh on the British pound amid a sustained dollar strength. Weakness below yesterday’s lows will set the stage for an extension of the decline. The pair GBP/USD remains on the […]
EUR / GBP jumps to two-month highs, around the 0.8670 zone
EUR / GBP joined the strong overnight gains and was up for the middle of the European session. The problems of Brexit, the nervousness of COVID-19 weighed heavily on the British pound and continued to support the measure. The stronger USD put pressure on the shared currency and limited gains, at least for now. The […]
EUR / GBP retreats from month-and-a-half highs, flat around 0.8625-30 region
EUR / GBP is struggling to capitalize on its modest initial gains at the highest level since early June. Brexit issues and Covid-19 nervousness continue to weigh on the GBP and offer support to the pair. A stronger dollar keeps euro bulls on the defensive and limits gains, at least for now. The crossing EUR/GBP […]
Unemployment rate rose to 4.8% in May
The change in jobless claims in the UK reached -114,800 in June. The unemployment rate in the UK rose to 4.8% in May. UK wages, excluding bonuses, were up 6.6% year-on-year. The Office for National Statistics (ONS) has shown on Thursday that the UK’s official unemployment rate rose to 4.8% in May from 4.7% previously […]