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Tag: GBPUSD

GBP / USD is focused on 1.3810 – UOB

GBP / USD is focused on 1.3810 – UOB

The pound could see its rally accelerated on a break above the 1.3810 level in the coming weeks, according to currency strategists from the United States. UOB Group. 24 hour perspective: “Yesterday, we noted that the British pound could rise, but the main resistance at 1.3810 was unlikely to be threatened. Instead of rising, the […]

GBP / USD returns initial gains to one-week highs and remains stable around the 1.3750 region

GBP / USD returns initial gains to one-week highs and remains stable around the 1.3750 region

GBP / USD gained traction for the third day in a row, although it struggled to capitalize on the move. A modest rally in US bond yields benefits the USD and limits the pair’s gains. A subsequent dip below the 1.3745-40 region will shift the bias in favor of the bears. The pair GBP/USD has […]

The bulls look to take control and climb above the 1.3800 level

The bulls look to take control and climb above the 1.3800 level

GBP / USD is moving higher for the third day in a row and rises to one-week highs. Sustained strength above the 200 hourly SMA could be seen as a trigger for intraday bulls. Mixed oscillators on hourly / daily charts warrant caution before opening aggressive positions. GBP / USD has built on this week’s […]

A move below 1.3760 loses traction – UOB

A move below 1.3760 loses traction – UOB

In the opinion of the currency strategists at UOB Group, Prospects for GBP / USD to dip below 1.3760 appear to be diminishing for the moment. Key Comments: 24 hour view: “We highlighted yesterday that ‘the rebound seems to be ahead of itself, it seems unlikely that the GBP / USD will strengthen further’ and […]

GBP / USD drops to 1.3700 after the latest news from the BoE

GBP / USD drops to 1.3700 after the latest news from the BoE

GBP / USD posted modest daily losses early in the US session. BoE announced that Chief Economist Haldane will step down in June. The US dollar index remains in the red after the CPI data. The pair GBP/USD it came under modest downward pressure in the first US session and fell to a daily low […]

Chief Economist Haldane to resign after June meeting

Chief Economist Haldane to resign after June meeting

The Bank of England (MPC) announced on Tuesday that the chief economist Andy Haldane resign his position and resign the Monetary Policy Committee (MPC) after the June meeting, according to Reuters reported. “Andy Haldane will become the executive director of the Royal Society for Arts, Manufactures and Commerce,” added the BoE. Market reaction The pound […]

GBP / USD loses steam near 1.3770 and erases gains

GBP / USD loses steam near 1.3770 and erases gains

The pound lost momentum in recent hours, after rising after growth data. The dollar presents mixed results, without significant changes. The GBP / USD climbed to 1.3768 and then reversed, erasing all gains for the day, and fell back to 1.3729, just above the day’s lows. In any case, the pair is moving sideways so […]

GBP / USD now seen between 1.3670 and 1.3810 – UOB

GBP / USD now seen between 1.3670 and 1.3810 – UOB

The pair is expected GBP / USD moves sideways between 1.3670 and 1.3810 in the coming weeks, suggest currency strategists at UOB Group. Key Comments: 24 hour view: “We highlighted yesterday that ‘it is too early to expect a significant rebound’ and we expected the British pound to ‘consolidate and move sideways within a range […]

Forex Today – Asian Session: Monday’s gloom weighs on the dollar

Forex Today – Asian Session: Monday’s gloom weighs on the dollar

What you need to know on Tuesday, April 13: The dollar lost some ground across the board, although the major pairs remained within familiar levels. Investors were in an absent risk mood earlier in the day, with the greenback pushing higher, but the bias changed in the European session as stocks rebounded to lows. The […]

GBP / USD cuts gains, and returns to the 1.3750 zone

GBP / USD cuts gains, and returns to the 1.3750 zone

Dollar regains lost ground and pushes GBP / USD lower. The pound rose modestly against the euro as business reopened in the United Kingdom. The GBP / USD is trading just below 1.3750 after the start of the American session. Hours ago it rose to 1.3776, the highest level since last Thursday. After which he […]