According to the news, The European Parliament will vote next Tuesday to ratify the trade agreement between the EU and the United Kingdom, as reported by RTE citing some anonymous sources with knowledge of the matter. Recall that the EU had requested another two months until April 30 to ratify the Brexit agreement in early […]
Tag: GBPUSD
GBP / USD clings to daily gains just below 1.3950
GBP / USD gains some positive traction on Thursday amid the prevailing selling bias around the USD. Lowering expectations of a Fed rate hike and a further downward movement in US bond yields weigh on the USD. The nervousness around COVID-19 helps limit losses for the safe-haven USD and limits the pair’s gains. The pair […]
GBP / USD maintains positive short-term outlook – UOB
The pound still faces more gains on the short-term horizon, currency strategists at UOB Group have suggested. 24 hour perspective: “We expected the British pound to consolidate and trade between 1.3900 and 1.3990 yesterday. Subsequently, the GBP traded within a lower and tighter range than expected (1.3886 / 1.3950). The current move is still considered […]
GBP / USD clears daily losses, stabilizes around 1.3940 amid renewed USD weakness
GBP / USD reversed its direction after falling below 1.3900. The US Dollar Index fell into negative territory below 91.20. The main Wall Street indices gain ground after a two-day slide. The pair GBP/USD It fell to a daily low of 1.3886, but managed to trim its losses in the second half of the day. […]
It remains depressed near the 23.6% Fibonacci level, around the 1.3920 region
GBP / USD witnessed follow-up selling for the second consecutive session on Wednesday. The setup supports the outlook for some falling buying to emerge around 1.3900. The pair GBP/USD It extended the previous day’s retracement slide from multi-week highs (levels beyond the key psychological mark of 1.4000) and was down for the second session in […]
GBP / USD break above 1.4017 would lead to resumption of central uptrend – Credit Suisse
GBP / USD needs to move past the March high of 1.4017 to reinforce its ‘double bottom’ base above 1.3919 to reinforce the view that the decline from the 1.4237 high in late February remains a corrective phase only within. longer-term central uptrend, Credit Suisse analysts explain. Key statements: “Above 1.3973, GBP / USD may […]
GBP / USD with modest losses, remains above the 1.3900 level
GBP / USD is moving lower during the first half of trading action on Wednesday. A new nervousness around COVID-19 benefits the safe-haven USD and puts some pressure on the pair. Sterling finds some support following the release of UK inflation figures. The pair GBP/USD moves with a slight negative bias during the European session […]
Annualized CPI does not reach estimates and reaches 0.7% in March
The UK CPI increased by + 0.7% year-on-year in March compared to the + 0.8% expected. The UK monthly CPI reaches + 0.3% in March compared to the + 0.3% expected. The 12-month rate of the consumer price index UK CPI has reached + 0.7% in March compared to the + 0.4% seen in February […]
Short-term uptrend expected to extend – UOB
In the opinion of the currency strategists at UOB Group, GBP / USDD bullish momentum remains firm for the moment. Key Comments: 24 hour view: “Our expectation for GBP / USD to ‘move above last month’s peak near 1.4020’ did not materialize as it fell back from 1.4009. Overbought conditions combined with diminishing momentum suggest […]
GBP / USD falls to the 1.3950 zone after failing to sustain above 1.4000
The pound fails to stay above 1.4 against the dollar and corrects lower. The dollar regains a small part of the lost ground. GBP / USD came in the European session up to 1.4008, the highest level in a month, but then undertook a downward correction. The pullback extended to the 1.3950 area. It is […]