Share: “We are on track to halve inflation this year and by sticking to our plan we will ease the pressure on families and businesses alike,” said UK Finance Minister Jeremy Hunt during the weekend per Reuters. The policymaker also told the BBC that he thinks of witnessing a blip in inflation in
Share: The Pound Sterling (GBP) slumped late in the New York session versus the Greenback (USD) as US Treasury bond yields rose and bolstered the USD, which is set to print its seven consecutive week printing gains. The GBP/USD hit a daily high of 1.2712 before reversing its course and diving toward the current exchange
Share: Pound Sterling resumes its upside journey as market mood turns upbeat after US job data. UK inflation is highest among G7 economies due to labor shortages and strong wage growth. BoE policymakers warned that interest rates will remain higher for a longer period. The Pound Sterling (GBP) weakens as market sentiment turns bearish and investors
GBP/USD, DXY PRICE, CHARTS AND ANALYSIS: GBP/USD Looks to Recover Yesterdays Losses and Holds Above the 100-Day MA Ahead of US Data. Price Action Remains Choppy as Cable Eyes Clarity from US Data. Will September Provide More Clarity? IG Client Sentiment Shows Retail Traders are Net Long on Cable. As We Take a Contrarian View
GBP/USD and EUR/GBP Analysis and Charts The 2023 UK Annual National Accounts revise prior GDP releases higher. Next week’s economic calendar is uninspiring. For all market-moving economic data and events, see the DailyFX Calendar The newly released UK Annual National Accounts 2023 (Blue Book) show that the UK economy grew by more than previously thought
Pound Sterling (GBP/USD, EUR/GBP, GBP/JPY) Analysis Pound Sterling Takes a Back Seat as US, EU Data Takes the Wheel Markets continue to exhibit enhanced sensitivity to news flow this week. Earlier US jobs data (JOLTs, ADP) sent the US dollar lower over the last 3 trading days and today’s EU inflation data has seen a
Number of traders net-short has increased by 22.64% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI GBP/USD BULLISH 49.62% 50.38% -25.05% Daily -22.39% Weekly 11.65% Daily 22.64% Weekly -10.17% Daily -4.77% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
Share: GBP/USD prods one-month-old descending resistance line at weekly top. Looming bull cross on MACD, steady RSI joins higher high formation to favor Cable bulls. 50-DMA acts as additional upside filter for the Pound Sterling buyers to cross. Pullback needs validation from five-month-old horizontal support zone. GBP/USD buyers attack a downward-sloping resistance line
British Pound, GBP/USD, EUR/GBP – Technical Update: Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound continues to be overshadowed by a brewing bearish Head & Shoulders chart formation against the US Dollar. On the daily chart below, GBP/USD can be seen struggling to clear the neckline around 1.2592. Furthermore, prices are
POUND STERLING ANALYSIS & TALKING POINTS German GFK Consumer Confidence places EUR on the backfoot. US CB Consumer Confidence & JOLTs under the spotlight later today. Hesitancy shown on both GBP/USD & EUR/GBP charts. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD & EURGBP FUNDAMENTAL BACKDROP The British pound managed to find some
