GBP
GBP, Technical Analysis, USD
Sterling Rebounds as Weak US Jobs Data Reduce Fed Rate Hike Expectations
The British Pound is recovering against the US Dollar as a sharply weaker US employment report reduces expectations for a Federal Reserve rate increase in October. GBP/USD has rebounded above 1.32, trading around 1.3250 after recovering from an intraday move below 1.3200. Sterling is gaining support from the changing US monetary-policy outlook, while expectations for […]
by Currency Hedger
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- 1 day ago
GBP, Market Analysis, Technical Analysis, USD
British Pound trades flat against Japanese Yen, Tokyo CPI beats estimates
The British Pound (GBP) consolidates against the Japanese Yen (JPY), which is outperforming its currency peers on Friday. At press time, GBP/JPY is flat at around 208.55. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Canadian […]
by Currency Hedger
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- 2 days ago
EUR, GBP, Market Analysis
Euro holds losses against British Pound amid French debt woes, high Oil Prices
The Euro (EUR) edges lower against the British Pound (GBP) on Friday, set to complete its worst weekly performance in four months with a 1% sell-off, hammered by high Oil prices and mounting concerns about France’s fiscal health. EUR/GBP rallies were capped below 0.8525 on Thursday, with the four-month low of 0.8508 at hand, ahead […]
by Currency Hedger
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- 2 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Likely retest YTD low near 1.3140
The British Pound (GBP) trades 0.1% higher at around 1.3208 against the US Dollar (USD) during the Asian trading session on Friday. The GBP/USD pair as the US Dollar Index trades slightly lower to near 101.93 after posting a fresh over-a-year high at 102.20 on Thursday. The US Dollar is expected to trade cautiously as […]
by Currency Hedger
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- 2 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Declines to near 1.3250 as bearish bias persists below 100-day moving average
The GBP/USD pair trades in negative territory around 1.3250 during the early European trading hours on Thursday. The British Pound (GBP) edges lower against the US Dollar (USD) amid widening monetary policy divergence between the Bank of England (BoE) and the US Federal Reserve (Fed). The US weekly Initial Jobless Claims report and the Fedspeak […]
by Currency Hedger
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- 3 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Weakens below 1.3250, technical barriers sustain bearish bias
The GBP/USD pair loses momentum to near 1.3225 during the early European trading hours on Wednesday. Surging US Treasury yields and the hawkish stance of the Federal Reserve (Fed) provide some support to the US Dollar (USD) against the British Pound (GBP). Chicago Fed President Austan Goolsbee said on Tuesday that inflation remaining above the […]
by Currency Hedger
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- 4 days ago
AUD, EUR, GBP, Market Analysis, Technical Analysis, USD
Currency Talk – GBP/USD, EUR/AUD, EUR/GBP
(D1/H4) time frame. The analysis uses only the Overbalance methodology, which helps identify points where a trend may continue or where a trend reversal may occur. GBPUSD GBPUSD has been trending upward for quite some time, but recently we have seen a marked deepening of the downward correction. After reaching a high around 1.3660, the […]
by Currency Hedger
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- 5 days ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Fresh downside leg likely below 1.3200
The British Pound (GBP) is down 0.15% at around 1.3234 against the US Dollar (USD) during the early European trading session on Tuesday. The GBP/USD pair is under pressure as the US Dollar trades firmly ahead of the United States (US) JOLTS Job Openings data for August, which will be published at 14:00 GMT. US […]
by Currency Hedger
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- 5 days ago
GBP, Market Analysis, Technical Analysis, USD
British Pound Holds Higher as Dollar Weakness Meets a More Hawkish BoE
GBP/USD is advancing for a second consecutive session, trading around 1.3230, as weakness in the US Dollar provides support for the British Pound despite increasingly hawkish expectations for Federal Reserve policy. The currency market is balancing opposing monetary-policy signals. Markets are now pricing a 65.9% probability of a Federal Reserve rate hike in October, up […]
by Currency Hedger
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- 6 days ago
GBP, Market Analysis, Technical Analysis
British Pound futures bounce as UK consumer confidence hits 2-year high.
British Pound futures rebounded to close out the week following improved UK consumer confidence and hawkish signals from the Bank of England. After finishing higher in just two of the previous 11 sessions, the pound saw a lift as short covering emerged ahead of the weekend. Support also materialized as UK consumer confidence unexpectedly jumped […]
by Currency Hedger
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- 1 week ago