GBP/USD

The GBP/USD slipped as low as 1.3011 on Friday as the combination of Brexit summit failure and UK retail sales slumping -0.8 percent m/m weighed on the currency pair. Although European officials still hope for Brexit deal, a no-deal scenario becomes a serious option. After the 1.3100 key support...

The GBP/USD closed the gap on the downside after the weekend abrupt end to Raab-Barmier meeting. The EU diplomats say that this week’s Brexit summit may not produce a Brexit breakthrough. The GBP/USD will face the Trinity on major UK macroeconomic indicators including labor market report, UK...

The US Dollar trades lower against majors amid global equity market selloff. The GBP/USD retreated from 1.3244 high to below 1.3200 ahead of the Bank of England Governor Mark Carney speech. The EU chief negotiator Michel Barnier said 85 percent of Brexit deal is settled. The Bank of England chief...

The GBP/USD slid below mid 1.3100s after being boosted by Brexit deal optimism. The UK manufacturing output fell -0.2 percent m/m in August compared to a 0.1 percent rise expected. Monthly UK GDP remained unchanged in August, missing the market prediction. The Brexit deal optimism boosted GBP as...

The GBP/USD slides lower to trade below 1.3100 with US benchmark Treasury yields rising to April 2011 high of 3.25 precent. The confluence of 100-day moving average and 38.2 percent Fibonacci retracement line represents a key resistance area. The GBP/USD is trading within a range of a 50-day and a...

A 50-day moving average at 1.2972 on a daily chart turns resistance after as Sterling slides on the indication of Fed hiking further.  The UK Prime Minister national Tory convention speech called for unity in Brexit negotiations with the UK ready for no deal Brexit if concessions are not met...

GBP/USD trades 0.5 percent lower on Tuesday with Tory party conference likely to produce more Brexit related headlines that weigh on currency.  The UK construction PMI fell short of market expectations to a 6-month low of 52.1 in September but macro data are having little effect on Sterling....

GBP/USD trades little changed on the upside as UK manufacturing rose above expectations. The Tory party disputes weigh on Sterling as party leadership is questioned weeks before the key Brexit deal with the European Union. 50-day and 100-day moving averages serve as support and resistance for now...

The GBP/USD is extending its losses, trading at the 1.3000 handle. Concerns about Brexit, a disappointing GDP, and threats to the government weigh. The technical picture looks more bearish than it used to. The GBP/USD is battling 1.3050, trading lower and extending its drops. Brexit negotiations...

The GBP/USD is stuck in a narrow range as the Fed decision is awaited. Brexit headlines continue, but they need to be dramatic to move the pair. The technical picture is improving for Sterling. The GBP/USD is trading in the upper half of the 1.3100 handle and not going anywhere fast. Range...