“Today’s figures show that our economy recovered during the summer, but began to slow down in the fall.“said UK Finance Minister Rishi Sunak after the release of the second quarter GDP report. Additional comments: “The steps that we have had to take subsequently to stop the spread of the virus mean that growth has probably […]
Tag: GBPUSD
Bailey says he doesn’t have a date for the negative rate review in mind
Continuing his speech at the Financial Times Global Digital Conference, Bank of England Governor Andrew Bailey has said that They have talked about yield curve control but they don’t see a great need at the moment. Bailey has added that they do not have a date in mind for the outcome of the negative rate […]
Bailey says UK GDP data is in line with central bank expectations
“UK GDP data is in line with what we think it would be”Said Bank of England Governor Andrew Bailey in a speech scheduled at the Financial Times Global Digital Conference on Thursday. Additional comments: We had a strong recovery. But we still have a big gap. The recovery has been very uneven. As for the […]
GBP / USD remains negative near session lows around 1.3180 following UK data
GBP / USD witnessed a follow-up sell-off for the second time in a row on Thursday. Disappointing UK macro data did not provide any respite or alleviate intraday selling bias. The pair GBP/USD reacted to macroeconomic datas from the United Kingdom with a decline to new two-day lows at 1.3168. Previously, in the Asian session, […]
GBP / USD still shows strong resistance at 1.3380 – UOB
A greater rise in the pound / dollar is not ruled out, although faces a solid hurdle at 1.3380 before hitting 1.3420, according to analysts UOB Group. 24 hour perspective: “We highlighted yesterday that while the rapid advance seemed to be ahead of itself, the strong bullish momentum suggested that the GBP could further strengthen […]
GBP / USD finds support at 1.3190 to regain the 1.3200 level
GBP / USD is cutting gains on Wednesday, although it remains above 1.3200. The pound loses ground amid the strength of the USD and the fading of hopes for a Brexit deal. Sterling’s reversal from two-month highs above 1.3300 has found support at 1.3190 during the US trading session on Wednesday, to return above 1.3200. […]
GBP / USD marks lows below 1.3200 as the dollar strengthens
DXY surpasses 93.00 and hits six-day highs. The pound is losing strong, GBP / USD falls to 1.3200 after being rejected above 1.3300. The GBP / USD is falling from two-month highs on Wednesday and is testing the 1.3200 zone. It hit a new low at 1.3197 and bounced slightly. In the European session, the […]
Updates the session lows, around the 1.3230 region
GBP / USD stopped its positive momentum near a two-month-old ascending resistance channel. Any subsequent decline could still be seen as a buying opportunity near 1.3100. A sustained move above the channel will set the stage for additional short-term gains. The pair GBP/USD it stopped its recent bullish trajectory to fresh two-month highs and witnessed […]
GBP / USD stabilizes above 1.3250 after intraday volatility following Brexit news
Brexit related news triggers some volatility around GBP / USD on Wednesday. Signs of progress in the Brexit negotiations continue to prop up the British pound and help limit losses. Nervousness over COVID-19 and falling US bond yields weigh on the USD and further extend some support. The pair GBP/USD has had good price movements […]
EU diplomats now expect negotiators to present a Brexit deal by the middle of next week
Diplomats of the European Union (EU) now expect negotiators to present a Brexit deal by the middle of next week, unless the talks lead to breakthroughs or breakdowns sooner, Reuters reports citing some EU sources. Additional comments: “EU and UK are likely to miss the mid-November deadline to seal a new trade deal. ” “Negotiations […]