Quiet session on Tuesday awaiting the US CPI. DXY falls modestly, remains above 106.00. GBP/USD is flat on the day, holding above the 20-day SMA. The GBP/USD remains modestly below 1.2100 in a quiet session. The pair peaked at 1.2130 and then pulled back to 1.2077. The US dollar is mixed as market participants await […]
Tag: GBPUSD
GBP/USD rises back above the 1.2100 level
GBP/USD regains traction on Tuesday amid some selling around the dollar for the second day in a row. A positive risk tone appears to be a key factor weighing on the safe haven USD. The BoE’s gloomy economic outlook could act as a GBP headwind and limit the pair’s gains. The pair GBP/USD attracts fresh […]
BoE: It is very likely that we will have to raise the rate even more – Dave Ramsden
Bank of England (BoE) Deputy Governor Dave Ramsden said in an interview with Reuters on Tuesday that “most likely we will have to raise the bank rate further“. additional quotes I’m going to look at the indicators and I’m going to look at the evidence as we get closer to each next meeting. I do […]
GBP/USD Price Analysis: Pulls back from daily highs, steady around 1.2080
GBP/USD trims some of last Friday’s losses but remains stuck between the 20-50 DMA. The daily chart shows the pair in a descending channel as sellers watch the 20-day EMA. The GBP/USD 4-hour chart shows the pair with a neutral bias to the downside and could test the 1.2000 figure in the near term. The […]
GBP/USD gives back its modest intraday gains and remains below the 1.2100 level
GBP/USD gives back much of its intraday gains and turns neutral below the 1.2100 level. The BoE’s gloomy economic outlook continues to weigh on the GBP and acts as a headwind for the pair. Investors are now looking to this week’s US CPI and UK GDP for further directional momentum. The pair GBP/USD It is […]
GBP/USD: Sustained decline seen below 1.2000 – UOB
According to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, GBP/USD risks a deeper pullback if the 1.2000 level is broken. Featured Comments 24 hour view: “We did not expect GBP/USD’s sharp drop to 1.2004 last Friday and subsequent strong rebound from the low. Despite the strong rebound, the immediate pressure remains […]
GBP/USD falls below 1.2100 after US NFP report.
GBP/USD is set to end the week with heavy losses of 0.78%. US labor data poured a jug of cold water on recession fears ahead of next week’s CPI. BoE Pill: The bank will reach its inflation target, but “it will take some time”. The pair GBP/USD hit a new weekly low of 1.2002 in […]
GBP/USD faces limited movement in a short-term range – UOB
In the opinion of UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, it is considered that GBP/USD will navigate the 1.2040-1.2255 range in the coming weeks. Featured Comments 24 hour view: “We were expecting GBP/USD to weaken yesterday, but were of the view that ‘major support at 1.2040 is not expected to […]
GBP/USD hovers around 1.2160 after Bank of England rally in volatile session
GBP/USD advances strongly and gains 0.17% on Thursday. The Bank of England raised the bank interest rate to 1.75% in a vote of 8-1. Bailey and company acknowledged that the UK will enter a recession from the end of 2022. Initial jobless claims in the US increased by 260,000 more than expected, as the labor […]
GBP/USD falls to fresh weekly low, bears flirt with 1.2100 level after BoE
GBP/USD falls for the third consecutive day in reaction to a dovish decision by the Bank of England. The BoE raises interest rates by 50 basis points and indicates that monetary policy is not on a pre-established path. Investors are now waiting for the post-meeting press conference for further momentum. The pair GBP/USD it was […]
