GBP / USD fluctuated sharply on Brexit headlines on Friday. The US Dollar Index remains bearish after mixed US data. GBP / USD is still on track to break a two-week winning streak. After moving sideways near 1.2900 during the Asian session, the pair GBP/USD it rose to a daily high of 1.2962 in the […]
Tag: GBPUSD
Trade talks with the EU have ended
The spokesperson for the British Prime Minister Boris Johnsonsaid on Friday that trade talks with the EU had ended. “The EU’s main Brexit negotiator, Michel Barnier, should only come to London next week if he is prepared to discuss all issues on the basis of legal text or if he is willing to discuss practicalities […]
GBP / USD stabilizes above the 1.2900 level
GBP / USD witnessed some volatility in reaction to British Prime Minister Johnson’s Brexit-related comments. The pair found some support after Johnson said he will not walk away from the negotiations. The pair GBP/USD it quickly rallied over 50 pips from the mid-European session dip to the week-long lows at 1.2863 and now appears to […]
Prime Minister Johnson calls on companies to prepare for an Australia-style deal
British Prime Minister Boris Johnson said on Friday that now it’s time for UK companies to prepare for an Australia-style deal with the European Union. Market reaction As an initial reaction, the pair GBP / USD lost around 90 pips, going from trading above 1.2950 to falling towards 1.2860 in a matter of minutes. At […]
Johnson says they should prepare for a no-deal exit from the EU
Prime Minister Johnson asks to prepare for a no-deal exit. The pound experiences a fall in the market after the announcement. He Prime Minister of the United Kingdom Boris Johnson He stated that they should prepare for a no-deal exit from the European Union. He blamed EU officials, saying they have refused to negotiate seriously. […]
Boris Johnson to continue Brexit talks, GBP / USD extends recovery
The British newspaper The Times reports that the Prime Minister of the United Kingdom, Boris Johnson, has decided continue conversations about Brexit. The media also says that the president “will not give in to EU demands“. The GBP/USD is extending its gains above 1.2940, currently hitting a daily high of 1.2945 Downing Street had scheduled […]
UK Foreign Secretary is surprised by EU position on Brexit
“We are disappointed and surprised by the European Union (EU) position on Brexit,” UK Foreign Secretary Dominic Raab said in response to the EU ultimatum to make a decision on the fate of Brexit. “We are disappointed and surprised by the European Union (EU) position on Brexit,” UK Foreign Secretary Dominic Raab said in response […]
Dollar dominates amid Brexit uncertainty and stimulus, US retail sales in focus
This is what you need to know to trade today Friday, October 16: The dollar maintains its gains amid growing uncertainty about US fiscal stimulus and the possibility of a collapse in the Brexit negotiations. Rising eurozone coronavirus cases are also hurting confidence. US consumer data is in the spotlight ahead of the weekend. Fiscal […]
GBP / USD shows strong resistance at 1.3050 – UOB
The rise of GBP / USD shows solid resistance at the 1.3050 level, as suggested by the currency strategists of UOB Group. 24 hour perspective: “Our expectation that the British pound would first test 1.3080 before a more sustained pullback could be expected was incorrect as it fell to a low of 1.2891 (the high […]
GBP / USD capped at 1.2937, pulls back to test 1.2900 area
GBP / USD fails to bounce above 1.2937 and falls to the 1.2900 zone The pound sinks as hopes for a Brexit deal deteriorate. Westpac sees GBP / USD trapped between 1.27 and 1.32. The British pound looks heavy on Thursday as previous hopes for a Brexit deal with the EU deteriorate. He GBP/USD It […]
