British Pound Latest: GBP/USD Analysis and Chart Cable gains on US dollar weakness. UK Autumn Statement is released on Wednesday. For all market-moving economic data and events, see the DailyFX Calendar Ahead of this week’s Autumn Statement, UK PM Rishi Sunak is promising to reduce debt and cut taxes in an effort to boost the
Share: GBP/USD Price Analysis: Gains traction below 1.2500, investors await BoE’s Bailey speech The GBP/USD pair holds positive ground around 1.2485 during the early European session on Monday. The recovery of the pair is bolstered by the softer US Dollar (USD) and lower US Treasury bond yields. Investors will take more cues from
Share: The GBP/USD is trading flat but rough on Friday, trying to hold above the 1.2400 handle. The Pound Sterling’s midweek rally is still under threat as markets pare away gains. Slumping UK data is sending the GBP into consolidation. The GBP/USD is treading water just above the 1.2400 handle as the pair
The GBPUSD is trading below the 200H MA/38.2% retracement Like the EURUSD (see post here), the GBPUSD moved sharply higher on Tuesday helped by the weaker CPI data. That took the pair above its 200-day moving average currently at 1.2443, and 38.2% of the move down from the July high at 1.2458. The high price
US DOLLAR FORECAST – EUR/USD, GBP/USD, AUD/USD The U.S. dollar could head lower in the near term The pullback in U.S. Treasury yields will act as a headwind for the greenback This article explores the technical outlook for EUR/USD, GBP/USD and AUD/USD, focusing on price action dynamics and key levels in play Most Read: Gold
The US initial jobless claims and continuing claims came in weaker than expectations and is making traders think that employment may be showing some cracks. The Philly Fed business index also declined although it was better than expectations. Rates have moved lower as a result with the 10 year now down -8.4 basis points at
GBP/USD News and Analysis GBP/USD oscillates around key level as uptrend takes shape Sterling holds narrow advantage over the US in terms of expected rate cuts Fed speakers and UK Autumn Statement next up on the calendar The analysis in this article makes use of chart patterns and key support and resistance levels. For more
Share: GBP/USD Price Analysis: Hovers below 1.2400 backed by 38.2% Fibonacci retracement GBP/USD extends losses on the second consecutive day, trading lower around 1.2390 during the Asian session on Thursday. The 1.2350 major level emerges as the key support, following the next support around the psychological level at 1.2300. A break below the
The GBPUSD is back below its 200 day moving average The GBPUSD ran higher yesterday, and in the process extended toward its 100-day moving average near 1.2512. The high price got within 7 pips of that level at 1.2505 before rotating back to the downside. In trading today, lower-than-expected CPI data out of the UK
US DOLLAR, EUR/USD, GBP/USD, NASDAQ 100, GOLD PRICE FORECAST The U.S. dollar slumps on falling yields following lower-than-expected U.S. inflation figures EUR/USD and GBP/USD break out to the topside, reaching multi-week highs Gold prices and the Nasdaq 100 also rally, flirting with key technical levels in both cases Recommended by Diego Colman Forex for Beginners
