Persistent Brexit-related uncertainties continue to weigh on the British Pound. Dovish comments by BoE’s Saunders further dented the already weaker sentiment. Tuesday’s key focus will remain on the outcome of the Tory leadership contest. The GBP/USD pair remained depressed for the...

Currency futures are center stage this month, and the British Pound is in the spotlight today. The sterling has lagged this year, currently down over 6.5% from its yearly highs in mid-March. The prospect of a No-Deal Brexit on October 31 now looms ever larger, as Britain’s Conservative Party...

A goodish pickup in the US bond yields extended some support to the USD and capped gains. Fed rate cut expectations should limit any meaningful USD uptick and help limit the downside. Investors might refrain from placing fresh bets ahead of Tuesday’s UK monthly jobs report. The GBP/USD pair...

GBP/USD is pressured around 1.3000 as Brexit and trade talks are going nowhere. After the upbeat UK GDP, the next data point to watch is US inflation. The technical outlook is bearish for the currency pair. The impasses are beginning to take their toll. The US has imposed new tariffs on China...

GBP/USD is trading in the upper 1.2900s, extending its gains. USD weakness and hopes for a softer Brexit help. The technical picture has turned positive for the pair. ​​​​GBP/USD is extending its gradual recovery, trading closer to 1.3000 than to 1.2900. The US Dollar has been on the back foot on...

GBP/USD is trading above 1.2900, recovering from the lows. The Brexit impasse continues and the US GDP is set to shine. The technical picture is decidedly bearish for the pair. GBP/USD recaptured the 1.2900 handle after hitting a two-month low of 1.2865 on Thursday. The central downward driver is...

GBP/USD is consolidating its losses on the lower ground amid Brexit concerns.  UK data remains robust, but Brexit continues dominating the scene. The pair continues trading below the potent downtrend resistance line. GBP/USD is trading in the lower half of the 1.3000s, pressured to the...

After yesterday's sharp intraday pullback, the GBP/USD pair regained positive traction and held on to its modest gains above mid-1.3000s through the early European session on Wednesday. The British Pound got an additional boost following the release of better than expected UK monthly GDP print...

Currency traders may wonder if they are being punished. Since late last October trend has vanished from the FX Markets. There seems to be a new law of foreign exchange markets--Every sustained movement will be met by an equal and opposite reversal, (apologies to I. Newton). From the end of October...

Inflation is set to remain steady in the UK, just below the BOE's target.  Brexit is in the limelight, but the release could have a meaningful impact in the short term. The risks are skewed to the upside due to several reasons. The UK publishes the inflation report for February on...

The UK jobs report came out significantly better than expected.  This adds to the BOE's reasons to raise rates and will push the pound higher. But nothing will move until Brexit is resolved. The UK published its labor market report around 12 minutes earlier than expected. Are UK...