A combination of factors triggers some selling around GBP / USD on Tuesday. Covid-19 problems and Brexit nervousness continue to act as a headwind for the British pound. Optimistic expectations from the Fed prop up the USD and add to intraday selling. The market focus remains on the release of the latest inflation figures in […]
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GBP / JPY bounces after finding support at 152.40 area
GBP / JPY falls from day highs on Monday. Caution in the market drives the dollar and partly the yen. The GBP / JPY cross hit five-day highs in Asian session at 153.24, but could not hold above 153.00 and undertook a pullback. It has just marked lows for the day at 152.39 and is […]
EUR / GBP rises to daily highs above 0.8550
EUR / GBP captures some buying near 0.8535 on Monday. The nervousness of Brexit and COVID-19 weighs on the British pound and continues to support the upward movement of the pair. The absence of releasing relevant economic data warrants caution for aggressive bulls. The crossing EUR/GBP has captured some aggressive ones during the European session […]
GBP / USD retraces from two-week highs and flirts with daily lows near 1.3885-80
GBP / USD is struggling to find acceptance above the 1.3900 level and is witnessing some selling on Monday. Brexit nervousness and COVID-19 problems turn out to be key factors putting some pressure on the pair. Expectations that the Fed will tighten its monetary policy prop up the USD and weigh on the pair. The […]
GBP / USD quickly loses 50 pips, dips towards 1.3800
GBP / USD is up for the first time in four trading days. The risk recovery offsets bad UK data, Brexit and covid problems. DXY weakness boosts the pound. The GBP/USD it runs into new offers on Friday, rapidly cutting nearly 50 pips to get back to the 1.3800 level. The pound, however, witnessed a […]
GBP / USD climbs back above 1.3900 amid optimism over UK reopening and Brexit
GBP / USD rebounds amid optimism over the UK reopening and Brexit. GBP / USD remains bearish as long as it is below the 100-day SMA. An impending bearish crossover warrants caution amid recovery mode. GBP / USD has attempted a minor bounce above the 1.3900 level, while breaking a two-day downtrend induced by the […]
GBP / JPY sinks to 154.00 zone after BoE decision
GBP / JPY witnessed strong selling after the Bank of England announced its policy decision. The lack of an aggressive tilt disappointed investors and weighed on the British pound. The JPY benefited from a modest weakness in the USD and contributed to the selling bias. The British pound weakened across the board after the Bank […]
EU member states agree to grant UK 3-month extension to Northern Ireland protocol – Reuters
According to the Irish national broadcaster RTE, European Union member states have agreed to grant the United Kingdom a three-month extension of the protocol on Northern Ireland, as reported by Reuters. Reuters reported that member states informally agreed to do so subject to Britain continuing to align itself with EU food safety standards for the […]
GBP / JPY returns near session highs around 153.65-70 region
GBP / JPY drew some buying on the dips on Tuesday and reversed an initial drop to 153.00. The risky mood undermined the safe-haven Japanese yen and extended some support to the cross. COVID-19 / Brexit issues could prevent bulls from making aggressive bets and limit the upside. The crossing GBP/JPY managed to bounce around […]
Delicate balance of Good Friday deal risks becoming unstable – David Frost
“We are trying to find solutions on the Northern Ireland protocol, but there is no significant commitment from the European Union,” he said on Monday. David Frost, the UK minister, responsible for the implementation of the Brexit deal, Reuters reported. “The delicate balance in the Good Friday agreement of North Ireland runs the risk of […]