GBP / USD draws some buying near 1.3450 amid a renewed sell off around the USD. Risk appetite acts as a headwind for the safe-haven USD. The rally in US bond yields could limit the dollar’s slide and limit the pair’s gains. The nervousness of the BoE and around Brexit could limit the aggressive entry […]
Tag: GBPUSD
GBP / USD rallies rapidly from daily lows, remains below 1.3500 level
GBP / USD is witnessing some intraday selling on Monday, although it lacks follow-up. A combination of factors acts like a tailwind for the USD and puts some pressure on the pair. A pessimistic BoE and Brexit concerns weigh on the British pound and contribute to the pair’s selling bias. The recovery attempt from 1.3450 […]
GBP / USD regains the 1.3500 level after falling 90 pips on positive US economic data.
GBP / USD is recovering from initial losses and is up 0.05% for the day. The drop in global yields is led by the decline in US Treasuries. The focus of GBP / USD traders is on the US inflation figures to be released on November 9. The GBP/USD revives during the American session, after […]
Monetary policy should not try to compensate for short-term shocks – Silvana Tenreyro
“I expect the bottlenecks in the supply chain to fade next year.“The Bank of England (BOE) policymaker said on Friday. Silvana Tenreyro, as reported by Reuters. Featured statements “The job market uncertainty it’s the main short-term uncertainty that I focus on. “ “Monetary policy shouldn’t try to offset short-lived shoks, but central banks are in […]
GBP / USD extends slide below 1.3500 to month-long lows
The pound remains under pressure after the Bank of England decision. The US dollar gains momentum as stocks decline and despite falling US yields. GBP / USD is down nearly two hundred pips, heading for a third lower close since December. The fall of GBP/USD it was triggered by the Bank of England and, more […]
GBP / USD jumps to three-day highs around 1.1615 / 20
The GBP/USD has risen 50 pips in the last hour, rising to two-day highs at 1.3692 following Jerome Powell’s comments following the Fed’s announcement to keep its interest rates unchanged and reduce its QE by $ 15 billion per month. Jerome Powell, president of the entity, said in the subsequent statement that it should not […]
GBP / USD remains around pre-Fed levels around 13,670
GBP / USD remains firm following the announcement of the Fed phasing out. Fed statement in line with expectations, slight adjustment to transitional language supports dollar. All eyes are now on the December Fed meeting and US data as well as the BoE. The GBP/USD it is trading around 1.3670 following the release of the […]
GBP / USD regains 1.3650 level after strong services PMI, focus is on Fed and BoE
GBP / USD is the best performing joint G10 currency on Wednesday alongside the NZD. However, the currency markets are mostly in wait-and-see mode before the Fed meeting. The GBP/USD it is currently trading above 1.3650, having bounced from the Asian session lows near 1.3600. With the pair rising roughly 0.3% so far this session, […]
GBP / USD slows to rise at 1.3665 after ADP report
The dollar recovered moment after ADP report, before the Fed. The pound among the best performers on Wednesday. GBP / USD is rising on Wednesday, recovering from a three-week lows. The pair’s rises found resistance at the 1.3665 area and it then experienced a modest setback after US employment data to 1.3648. The pound is […]
Final Services PMI revised sharply upwards to 59.1 in October
The final UK services PMI is revised up to 59.1 in October. GBP / USD remains above 1.3600 following UK data. The focus is on the ISM services PMI and the ADP report ahead of the critical Fed decision. UK service sector activity expanded more than expected in October, as confirmed by the IHS Markit […]