GBP/USD attracts some intraday buying on Monday, but lacks follow-through. A modest dollar pullback from two-decade highs offers some support for the pair. The fundamental/technical backdrop still appears to be tilting in favor of the bearish traders. The pair GBP/USD it has bounced slightly from its lowest level since March 2020, around the 1.1445 area […]
Tag: GBPUSD
GBP/USD remains defensive below 1.1500 ahead of UK PM
GBP/USD falls to its lowest level since March 2020 and is under pressure from a combination of factors. The gloomy economic outlook for the UK weighs on the British pound amid broad dollar strength. Traders await the UK Prime Minister’s announcement amid relatively tight liquidity conditions. The pair GBP/USD start the new week with a […]
GBP/USD: Bets rise for a drop below 1.1415 – UOB
According to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, GBP/USD could return below the 1.1415 area In the next weeks. Featured Comments 24 hour view: “Last Friday, we expected GBP/USD to weaken, but were of the opinion that it “might not be able to hold below 1.1500″. Our view did not […]
GBP/USD remains in a range near 1.1550 after NFP, looks vulnerable
GBP/USD extends its range-bound price action on the release of monthly US employment data. The dollar fell in reaction to an unexpected rise in the US unemployment rate and softer wage growth. Markets continue to expect a 75 basis point Fed rate hike in September, limiting the USD’s decline. The gloomy outlook for the UK […]
EUR/USD to drop to 0.97, yen to weaken to 142.00 and pound to 1.14 – ANZ
EUR/USD is below parity and USD/JPY is above 140.00. The ANZ Bank economists expect EUR/USD and USD/JPY to move towards 0.97 and 142.00respectively. DXY will hit 112.00 in early 2023 “Our new global forecasts see the euro slip below parity to 0.97, the yen weaken to 142.00 and the lpound sterling up to 1.14. These […]
GBP/USD at fresh two-year highs below 1.1500
The US dollar strengthens after the ISM manufacturing PMI, ahead of the NFPs. GBP/USD falls for the fifth day in a row. Multi-decade low awaits at 1.1409 (March 2020). A stronger dollar pushed the GBP/USD below 1.1500 levels for the first time since March 2020. USD rises strongly on encouraging US economic data amid risk […]
GBP/USD: Little in terms of clear support ahead of 2020 low at 1.1415 – Scotiabank
The GBP/USD has plummeted to 1.15. Scotiabank economists they expect the pair to remain under significant downward pressure. Price action is weak and unforgiving Against the gloomy domestic backdrop, defined by rising energy costs and the cost-of-living crisis weighing on economic activity and prospects, further volatility in equity markets can only mean further pressure. on […]
GBP/USD hits new two-year low below 1.1550
The pound remains under pressure, while the dollar gains momentum. Treasury yields up, support DXY. GBP/USD getting closer to the 2020 low. The GBP/USD remains in negative territory and at the lowest levels in two years, near 1.1550, before a firmer dollar throughout the market. The pair hit a new two-year low after US jobless […]
GBP/USD hits new two-year low below 1.1600
The pound continues to be under pressure in the market. GBP/USD falls for the fourth day in a row. The dollar with mixed results, without clear direction on Wednesday. The GBP/USD is falling for the fourth day in a row, recently hitting a new two-year low at 1.1598, before embarking on a small bounce. The […]
EUR/USD and GBP/USD will reach 0.96 and 1.12 by the end of the year – UBS
The Dollar Index (DXY) hit a new 20-year high last week. Although it has since receded slightly, the index’s recovery so far this year is still above 13%. In the opinion of UBS economists, the dollar is likely to continue rising in the short term. The dollar should reach its maximum in the next six […]