GBP
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Downside pressure could intensify below 1.3180
The British Pound (GBP) trades 0.18% lower at around 1.3248 against the US Dollar (USD) during the early European trading session on Wednesday. The GBP/USD pair is under pressure as the US Dollar outperforms ahead of the release of Federal Open Market Committee (FOMC) minutes of the September policy meeting at 18:00 GMT. As of […]
by Currency Hedger
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- 3 weeks ago
GBP, Market Analysis, Technical Analysis, USD
British Pound weakens as US Dollar advances ahead of FOMC Meeting Minutes
GBP/USD loses ground after registering modest gains in the previous day, trading around 1.3250 during Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground, driven by rising oil prices that could revive inflation concerns and expectations for further Federal Reserve (Fed) rate hikes. Traders await the Federal Open Market Committee […]
by Currency Hedger
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- 3 weeks ago
Fx Pairs, GBP, Market Analysis, Technical Analysis, USD
British Pound bounces off 1.3200 amid modest USD pullback; lacks bullish conviction
The GBP/USD pair attracts some dip-buyers near the 1.3200 mark on Tuesday and hits a fresh daily high during the first half of the European session. Spot prices, however, remain confined in a familiar range held over the past two weeks or so and currently trade around the 1.3240 region, up less than 0.10% for […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
EUR, GBP, Market Analysis
Euro extends decline against British Pound on France debt concerns
EUR/GBP extends its decline on Monday, sliding to its lowest level since mid-July as political turmoil and mounting concerns over Europe’s public finances weigh on the Euro (EUR). At the time of writing, the cross trades around 0.8478, down 0.24% on the day, after touching an intraday low of 0.8458. Concerns centre on France, where […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
EUR, GBP, Market Analysis, Technical Analysis
Trade of the day: GBPUSD
Facts: Recommendation: GBPUSD (D1) Source: xStation5 OPINION : The price is currently near the lower boundaries of two technical formations: a consolidation channel between approximately 1.385 and 1.302, and a narrowing ascending triangle. Looking at the regression line and the RSI indicator, the current setup creates favorable conditions for an upward correction toward approximately 1.385. […]
by Currency Hedger
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- 3 weeks ago
EUR, GBP, Market Analysis, Technical Analysis
Euro weakens against British Pound amid French fiscal concerns
The EUR/GBP cross attracts some sellers to around 0.8475 during the early European trading hours on Monday. The Euro (EUR) softens against the British Pound (GBP) as fiscal concerns in France in the wake of a steep bond market rout stoke contagion fears in the Eurozone. The turmoil in the bond market and the EUR’s […]
by Currency Hedger
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- 3 weeks ago
GBP, Market Analysis, Technical Analysis, USD
British Pound softens as US Dollar gains despite easing Fed rate hike odds
GBP/USD inches lower after posting modest gains in the previous day, trading around 1.3240 during Asian hours on Monday. The currency pair is under downward pressure as the US Dollar (USD) gains strength ahead of the upcoming US ISM Services Purchasing Managers Index release. However, market participants have scaled back expectations for an upcoming Federal […]
by Currency Hedger
- 0 Comments
- 3 weeks ago
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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- 3 weeks 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
- 0 Comments
- 3 weeks 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
- 0 Comments
- 3 weeks ago