GBP
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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- 3 weeks 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 weeks 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 weeks 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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- 4 weeks 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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- 4 weeks 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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- 4 weeks 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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- 4 weeks ago
GBP, Market Analysis, Technical Analysis, USD
GBP/USD Price Forecast: Sterling Falls Below 1.3400 as Fed Strength and Bearish Technicals Weigh
GBP/USD is trading below 1.3400 at the start of the week, with the pair around 1.3375 during early European trading. Sterling remains under pressure after the US Federal Reserve delivered a hawkish rate increase last week, while the technical structure continues to point to downside pressure as long as the pair remains below its 100-day […]
by Currency Hedger
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- 1 month ago
GBP, Market Analysis, USD
British Pound languishes at seven-week lows despite bright UK Retail Sales data
The British Pound (GBP) has ticked up against the US Dollar (USD) on Friday, following an unexpected increase in UK Retail Sales. The GBP/USD pair, however, remains on its back foot, trading at 1.3370, ahead of the London session opening, on track for a 1.15% weekly decline, crushed by the diverging monetary policy decisions of the Federal […]
by Currency Hedger
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- 1 month ago
EUR, GBP, Technical Analysis
EUR/GBP – Euro struggles below 0.8570 with all eyes on the BoE
The Euro (EUR) ticks lower against the British Pound (GBP) on Thursday, with investors awaiting the Bank of England’s (BoE) monetary policy decision, due later in the day. The EUR/GBP pair hovers just above 0.8560 at the European session opening times, as the previous two days’ recovery attempt from the 0.8550 area found sellers at 0.8580. The BoE is expected […]
by Currency Hedger
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- 1 month ago