GBP/USD gains momentum on dollar weakness and hits daily highs near 1.2200. Operators waiting for the decision of the Bank of England. A rise of 50 basis points is expected, the largest in 27 years. The GBP/USD pair rises on Thursday and moves away from the weekly low reached on Wednesday near 1.2100 hit the […]
Tag: GBPUSD
GBP/USD still seen between 1.2040 and 1.2255 – UOB
It is expected that GBP/USD maintains the range of 1.2040-1.2255 in the coming weeksUOB Group currency strategists Lee Sue Ann and Quek Ser Leang suggest. Featured Comments 24 hour view: “Yesterday we highlighted that ‘downward momentum is building and GBP/USD could weaken to 1.2100’. GBP/USD briefly dipped as low as 1.2100 during the New York […]
GBP/USD falls below 1.2150 on risk appetite ahead of BoE decision
GBP/USD falls for the second day in a row as sellers hold 1.2200, coupled with a boost in risk appetite. The strength of the US dollar is keeping the greenback afloat against most of the G10 currencies. Gloomy comments from Fed officials strengthened the dollar, which was a headwind for GBP/USD. The Bank of England […]
GBP/USD Price Analysis: Rising channel support around 1.2135 is key for bulls
GBP/USD gains some positive traction on Wednesday, although it lacks follow-through. Risk appetite momentum is undermining the safe haven dollar and offering support. Rising US bond yields help limit dollar losses and keep additional gains in check. Investors also appear hesitant ahead of Thursday’s BoE and Friday’s NFP. The pair GBP/USD defends support marked by […]
UK: Final services PMI revised down to 52.6 in July vs. 53.3 expected
UK Final Services PMI is revised down to 52.6 in July. GBP/USD keeps its recovery mode intact around 1.2200 after the dismal data. The focus is on US-China tensions over Taiwan and US services PMI data. UK services sector activity expanded less than expected in Julyas confirmed on Wednesday by the final report of IHS […]
GBP/USD now pointing to some consolidation – UOB
According to UOB Group currency strategists Lee Sue Ann and Quek Ser Leang, GBP/USD appears to have entered a range of 1.2040-1.2255 for now. Featured Comments 24 hour view: “Yesterday we highlighted that ‘the rapid rally looks set to continue, but there is room for GBP/USD to move above 1.2300 first before the risk of […]
GBP/USD looks to build on the momentum above the 1.2200 level
GBP/USD rebounds from weekly low reached on Wednesday amid modest dollar weakness. The positive tone around the equity markets is weighing on the safe haven USD. Recession fears, US-China tensions and hawkish comments from Fed officials cap dollar losses. Investors also seem reluctant ahead of Thursday’s BoE decision and Friday’s NFP. The pair GBP/USD caps […]
GBP/USD Price Analysis: Bounces back above 1.2200, bearish amid modest USD strength
GBP/USD lowers on Tuesday, paring some of overnight gains to one-month highs. Nervousness over Pelosi’s visit to Taiwan boosts the safe-haven dollar and exerts downward pressure. The formation of an ascending channel favors the prospects for some buying on dips. The pair GBP/USD has seen some selling on Tuesday and extends the modest overnight pullback […]
GBP/USD extends retracement from multi-week high and falls below 1.2200
GBP/USD returns below the 1.2200 level on Tuesday amid a nice bounce in the USD. Recession fears and US-China tensions over Taiwan fuel safe-haven currency flows into the USD. Falling US bond yields could cap the dollar and support the pair ahead of the BoE. The pair GBP/USD has turned around from the 1.2275-1.2280 area […]
GBP/USD: Further gains could revisit 1.2335 before 1.2400 – UOB
UOB Group currency strategists Lee Sue Ann and Quek Ser Leang point out that GBP/USD rally has the potential to advance to the 1.2335 level before visiting 1.2400 In the next weeks. Featured Comments 24 hour view: “GBP/USD’s sharp rally to a high of 1.2292 yesterday came as a surprise (we had expected GBP/USD to […]
