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GBP
GBP, Technical Analysis, USD
GBP strengthens above 1.3500 as BoE stays hawkish, traders brace for US NFP data
The GBP/USD pair edges higher to around 1.3530 during the early European trading hours on Friday. Hawkish rhetoric from a Bank of England (BoE) policymaker provides some support to the British Pound (GBP) against the US Dollar (USD). Traders will keep an eye on the US August employment report later on Friday. Bank of England (BoE) Chief […]
by Currency Hedger
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- 1 week ago
GBP, JPY
Pound Sterling falls to one-month low against surging Japanese Yen
GBP/JPY extends its steep decline on Thursday as the Japanese Yen (JPY) strengthens sharply across the board for the second consecutive day. The cross fell 1.13% on Wednesday and is down around 1.60% at the time of writing, trading near 210.60, its lowest level in a month. Sellers are now eyeing the post-July coordinated intervention […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, GBP, Technical Analysis
EUR/GBP at two-month highs following Services PMIs
The Euro (EUR) extends gains against a weaker British Pound (GBP) for the fourth consecutive day on Thursday, following downward revisions of both the Eurozone and UK Services Purchasing Managers’ Index (PMI) figures. The EUR/GBP pair maintains its bid tone, with bulls targeting a previous support area a few pips above 0.8600 after rallying nearly 0.5% so far this week. Eurozone […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, GBP, Technical Analysis
EUR/GBP Price – Euro pulls back from the top of a triangle pattern
The Euro (EUR) posts moderate losses against the British Pound (GBP) on Wednesday, as the previous two days’ recovery has been capped again at a key resistance area between 0.8580 and 0.8585, which holds the top of an ascending triangle pattern. Macroeconomic data is scarce in both the UK and the Eurozone on Wednesday, and the Euro and the Pound […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
GBP, Technical Analysis, USD
British Pound declines to near 1.3500 as US-Iran tensions rise
The GBP/USD pair declines to near 1.3500 during the early European trading hours on Wednesday. Ongoing tensions in the Middle East provide some support to a safe-haven currency such as the US Dollar (USD) against the British Pound (GBP). All eyes will be on the US August jobs report later on Friday. CNBC reported that the US […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, GBP, Technical Analysis
Euro edges lower against British Pound as Germany’s Retail Sales fall more than expected in July
The EUR/GBP cross loses traction to near 0.8570 during the early European trading hours on Tuesday. The Euro (EUR) edges slightly lower following German Retail Sales data. Traders brace for the preliminary reading of the Eurozone August Harmonized Index of Consumer Prices (HICP), which will be published later on Tuesday. Data released by Destatis on Tuesday showed […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
GBP, Technical Analysis, USD
GBP softens to near 1.3550 on geopolitical tensions, hawkish Fed bets
The GBP/USD pair trades with mild losses around 1.3550 during the early Asian trading hours on Tuesday. The US Dollar (USD) edges higher against the British Pound (GBP) amid ongoing Middle East tensions and Federal Reserve (Fed) Chair Kevin Warsh’s hawkish remarks at the Jackson Hole symposium. US President Donald Trump on Monday threatened to forcefully strike Iran after the […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
GBP, Technical Analysis, USD
British Pound bounces off over one-week low vs soft USD; upside potential seems limited
The GBP/USD pair edges higher at the start of a new week, reversing a part of Friday’s heavy losses to over a one-week trough. Spot prices, however, lack bullish conviction and trade below mid-1.3500s during the Asian session, warranting caution before confirming that the recent pullback from the highest level since February, touched earlier this […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
EUR, GBP, Technical Analysis
EUR/GBP Price Trading sideways around 0.8500 amid fading bullish traction
The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day’s range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warsh’s speech at Jackson Hole. The EUR/GBP pair has pulled back to levels near 0.8570 from Thursday’s highs right below 0.8580, with the weekly chart showing marginal gains. […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
GBP, Technical Analysis, USD
Trade of The Day – GBP/USD
Facts: Recommendation: Trade: Short position on GBPUSD at market price Target: 1.3525, 1.3480 Stop: 1.3630 Opinion: GBPUSD has been trading in an upward trend recently. However the pair may be experiencing a trend reversal. Looking at the pair at the H1 interval, one can see that the price broke below the lower limit of the […]
by Currency Hedger
- 0 Comments
- 3 weeks ago