Tag: GBPUSD

GBP/USD plummets to 1.1810 on risk aversion and dollar rally

GBP/USD plummets to 1.1810 on risk aversion and dollar rally GBP/USD plummets to 1.1810 on risk aversion and dollar rally

GBP/USD slides to fresh six-week lows hit at 1.1791. Sentiment soured as traders weighed in on the Fed’s recent hawkish comments. Data releases from the UK were mixed as GfK’s consumer sentiment slumped while retail sales beat expectations. The GBP/USD tumbled in the American session as sentiment turned sour as traders reassessed their reading of […]

GBP/USD falls below 1.1850, to lows since mid-July

GBP/USD falls below 1.1850, to lows since mid-July GBP/USD falls below 1.1850, to lows since mid-July

GBP/USD falls for the third day and hits the lowest in a month and a half. Fed expectations and recession fears underpin the dollar and put downward pressure. DXY is trading at 1-month highs after breaking above 108.00. GBP/USD extends bear run and trades at July 15 lows below 1.1850 on Friday. The context of […]

GBP/USD falls towards 1.2000 after the aggressive statements of the Fed

GBP/USD falls towards 1.2000 after the aggressive statements of the Fed GBP/USD falls towards 1.2000 after the aggressive statements of the Fed

GBP/USD sellers are eyeing a break below 1.2000 which would pave the way for 1.1800. Fed’s Daly: 50 or 75 bps hike in September is reasonable; rates will rise and remain until inflation is favored. US jobless claims fall; housing data continues to weaken. The GBP/USD remains on the defensive after falling below the 20-50 […]

GBP/USD will recover as long as it remains supported by 1.2050

GBP/USD will recover as long as it remains supported by 1.2050 GBP/USD will recover as long as it remains supported by 1.2050

The GBP/USD has reversed its direction after testing 1.2000 earlier in the day. Pair could extend recovery if 1.2050 support holds, reports eren sengezer from FXStreet. GBP/USD could test 1.2000 if sellers turn 1.2050 into resistance “Should the market mood improve and Wall Street’s major indices rise decisively after Wednesday’s decline, GBP/USD could pick up […]

GBP/USD bounces weakly from monthly low and shows some resistance below 1.2000

GBP/USD bounces weakly from monthly low and shows some resistance below 1.2000 GBP/USD bounces weakly from monthly low and shows some resistance below 1.2000

GBP/USD quickly reverses an intraday drop to levels below 1.2000, or a new monthly low. Expectations of a gradual BoE rate hike and recession fears are acting as a headwind for sterling. The dollar remains near the monthly maximum and helps to further limit the pair. The GBP/USD pair staged a nice rebound from the […]

GBP/USD updates daily lows, trades around 1.2050 ahead of FOMC Minutes

GBP/USD updates daily lows, trades around 1.2050 ahead of FOMC Minutes GBP/USD updates daily lows, trades around 1.2050 ahead of FOMC Minutes

GBP/USD undergoes an intraday swing and is down almost 100 pips from the daily high. The dollar remains close to the monthly high and turns out to be a key factor putting pressure on it. US retail sales fail to provide any lift as attention turns to the FOMC minutes. The pair GBP/USD extends its […]

GBP/USD will trade below 1.20 until the end of the year – Scotiabank

GBP/USD will trade below 1.20 until the end of the year – Scotiabank GBP/USD plummets to 1.1810 on risk aversion and dollar rally

In the UK, the cost of living crisis and sluggish growth may hamper the Bank of England’s ability to deal with soaring inflation and meet market expectations for tighter policy. In the opinion of economists scotiabankthis will weigh on the pound in general. Negative outlook in the face of rising inflation “Pound outlook is negative […]

GBP/USD surges towards 1.2080 after mixed US data

GBP/USD surges towards 1.2080 after mixed US data GBP/USD surges towards 1.2080 after mixed US data

GBP/USD is moving steadily towards the confluence/20-50 DMA around 1.2110. US industrial production surprises to the upside, while housing data continues to deteriorate. Employment figures in the UK were better than expected, reinforcing the case for a 50 basis point Bank of England rate hike. The GBP/USD It breaks three days of losses and approaches […]

GBPUSD struggles to pick up recovery momentum as it trades below 1.2100

GBPUSD struggles to pick up recovery momentum as it trades below 1.2100 GBP/USD updates daily lows, trades around 1.2050 ahead of FOMC Minutes

GBP/USD remains under constant downward pressure on Monday. The dollar retains its strength despite the disappointing data. The focus is on US housing data and the UK jobs report for July. GBP/USD started the week under bearish pressure and fell to a weekly low of 1.2051 in the European session. Although the pair staged a […]

GBP/USD has entered a consolidation range – UOB

GBP/USD has entered a consolidation range – UOB GBP/USD will recover as long as it remains supported by 1.2050

It is expected that the GBP/USD trade within the range of 1.2050-1.2245 in the coming weeks, UOB Group FX strategists Quek Ser Leang and Peter Chia suggest. 24 hour outlook: “The pound’s rapid drop to 1.2100 last Friday came as a surprise (we had expected it to trade between 1.2160 and 1.2240). Despite the decline, […]