GBP / USD is witnessing some intraday selling on Monday, although it lacks follow-up. A combination of factors acts like a tailwind for the USD and puts some pressure on the pair. A pessimistic BoE and Brexit concerns weigh on the British pound and contribute to the pair’s selling bias. The recovery attempt from 1.3450 […]
Tag: Brexit
GBP / USD remains at two-week lows
The British pound was the worst performing G10 currency on Monday, with the GBP / USD pair remaining subdued around 1.3650-1.3700. News that France has postponed a deadline for a deal with the UK on fishing rights has not stirred the markets. While cross-channel tensions are a key issue this week, whether the Bank of […]
GBP / USD bounces off 1.3650, but hike limited amid worsening UK-EU tensions
GBP / USD moved away from lows of 1.3650, but the rise is being limited amid the intense tensions between the EU and the United Kingdom. The UK / France ‘fishing line’ is intensifying and risks turning into a trade / legal battle. Currency markets are likely to remain subdued ahead of key events this […]
EUR / GBP rises to week highs near 0.8480
EUR / GBP picked up pace on Monday following Friday’s correction and rose to a two-week high. The pound is weak throughout the market. UK data beat expectations at Bank of England start of week. The EUR / GBP maintained its demanding tone during the European session and climbed to 0.8478, the highest in two […]
GBP / USD bounces off multi-week lows and finds some support near 1.3650
GBP / USD falls to nearly three-week lows during the early part of Monday’s trading action. Nervousness around Brexit weighs on the British pound and puts some pressure amid a modest USD strength. Investors now seem reluctant to open aggressive positions ahead of key central bank meetings. The pair GBP/USD has seen some sales at […]
GBP / USD plummets below 1.3700, on the strength of the US dollar, ahead of the Fed and BoE week
GBP / USD plunges below 1.3700, on the strength of the US dollar, ahead of the Fed and BoE week GBP / USD accumulates its weekly losses, breaking below 1.3700. Due to month-end flows and the London correction, GBP / USD plunged nearly 80 pips in the last three hours. The basic US PCE for […]
GBP / USD cuts intraday losses, remains bearish below 1.3750
GBP / USD found some support before 1.3700 and stopped its intraday decline. Rate hike expectations from the Bank of England and a weak USD helped to attract some buying on the lower dips. Brexit nervousness limited any further gains amid a break below the rising channel support. The GBP / USD pair quickly rallied […]
GBP / USD falls to week-long lows near 1.3700, remains weak
GBP / USD extended the sharp pullback from levels above 1.3800 and fell again on Wednesday. Tone of greater caution in the markets favors the dollar, the DXY at 94.00. The pound is also losing ground against the euro and the Swiss franc. GBP / USD witnessed strong selling during the European session and fell […]
Clings to gains below 1.3800, lacks continuation
GBP / USD gains traction for the second day in a row on Tuesday. A modest USD strength appears to limit the pair’s rally amid fresh Brexit jitters. The bears need a sustained break below the support of the ascending channel. GBP / USD gains traction for the second day in a row on Tuesday […]
GBP / USD stalls at 1.3800 thanks to strong US dollar
The British pound is advancing despite the strength of the US dollar across the board. Brexit: David Frost said: “The problem with the EU proposals on Northern Ireland is that they don’t go far enough.” BoE: I’m in no rush to raise rates – Tenreyro. The pair GBP/USD It stalled at 1.3800 for the second […]
