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Currency List
Currency List
Non EU
GBP
GBP
GBP
04
Dec
Dec
Trade of The Day – GBP/USD
Facts:The price broke above key resistance at 1.3212GBPSUD invalidated 1:1 structureThe price sits above the 100-period moving average from D1 interval Recommendation: Trade: Long position on GBPUSD at market priceTarget: 1.3513, 1.3640Stop: 1.3180 Opinion: GBPUSD has been trading in a downward trend recently. Looking at the D1 interval, one can see that the recent downward move might […]
04
Dec
Dec
GBP/USD softens below 1.3350 on renewed US Dollar demand
The GBP/USD pair loses ground to around 1.3330 during the Asian trading hours on Thursday. The major pair retreats from nearly a two-month high amid renewed US Dollar (USD) demand. However, the rising bets of a Federal Reserve (Fed) rate cut next week might cap its downside. Traders will take more cues from the US weekly Initial Jobless Claims […]
03
Dec
Dec
GBP/JPY holds above 206.00; upside seems capped as BoJ rate hike bets underpin JPY
The GBP/JPY cross trades with a positive bias for the second straight day on Wednesday and climbs back above the 206.00 mark during the early part of the European session. Spot prices look to build on the overnight bounce from the vicinity of a one-week low, touched on Monday, though a combination of diverging forces […]
03
Dec
Dec
GBP/USD edges higher above 1.3200 as Fed rate cut bets pressure US Dollar
The GBP/USD pair gains traction to near 1.3235 during the early European session on Wednesday. The US Dollar (USD) remains weak against the Pound Sterling (GBP) amid growing expectations that the US Federal Reserve (Fed) will deliver a 25 basis points (bps) interest rate cut at its upcoming meeting next week. Hopes for a December Fed rate reduction […]
03
Dec
Dec
EUR/GBP posts modest losses below 0.8800 despite dovish BoE expectations
The EUR/GBP cross posts modest losses near 0.8795 during the early European trading hours on Wednesday. Nonetheless, the potential downside for the cross might be limited amid dovish expectations from the Bank of England (BoE), which might weigh on the Pound Sterling (GBP). Markets expect a potential interest rate cut from the UK central bank in December. […]
02
Dec
Dec
GBP/USD slides as UK budget strains and US labor data weigh
GBP/USD soured on Monday, starting off the December trading window declining around one-quarter of one percent, pushing back down from a key technical confluence region that will likely inspire further short selling behind the Pound Sterling (GBP) unless global flows into the US Dollar (USD) reverse course. Pound struggles under the weight of political troubles Chancellor […]
01
Dec
Dec
GBP/USD flat lines near 1.3250 amid UK budget relief
The GBP/USD pair holds steady near 1.3245 during the Asian session on Monday as traders continue to digest the UK’s Autumn Budget. The potential downside for the major pair might be limited due to the rising expectations of a Federal Reserve (Fed) interest rate cut in the December meeting. The US November ISM Manufacturing Purchasing Managers Index (PMI) […]
28
Nov
Nov
GBP/JPY retreats from YTD peak, trades below 207.00 amid modest JPY uptick
The GBP/JPY cross attracts some intraday sellers following an Asian session uptick to the 207.20 area, or a fresh high since July 2024, and turns lower for the second straight day on Friday. The downtick, however, lacks bearish conviction, with spot prices holding above mid-206.00s and remaining on track to register strong gains for the […]
27
Nov
Nov
GBP/USD gains above 1.3250 as Fed rate cut bets weigh on US Dollar
GBP/USD continues its winning streak for the sixth successive session, trading around 1.3260 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) struggles amid rising odds of Federal Reserve (Fed) rate cut bets in December. US data showed unexpectedly low Initial Jobless Claims and stronger-than-expected Durable Goods Orders, yet rate-cut expectations remained intact. The […]
26
Nov
Nov
GBP/USD rises to near 1.3200 ahead of UK Autumn Budget
GBP/USD continues its winning streak for the fifth consecutive day, trading around 1.3190 during the Asian hours on Wednesday. Traders await the UK Chancellor of the Exchequer, Rachel Reeves, to deliver the Autumn Budget later in the day. The British Finance Minister Rachel Reeves is expected to unveil tens of billions of pounds in new […]
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