-
GBP/USD Forecast: Retains Its Neutral Stance Near This Year's High
Wednesday, December 9, 2020 - 4:59pm | 460GBP/USD Current Price: 1.3392 Brexit continues to be the centre of attention for the pound. UK PM Boris Johnson meets EU von der Leyen in Brussels to unlock trade talks. GBP/USD without clear direction technically, diminishing odds for a move higher. The GBP/USD pair ended in positive...
-
GBP/USD Forecast: Holding Below 1.3040 Which Skews The Risk To The Downside
Wednesday, January 29, 2020 - 3:57pm | 359GBP/USD Current Price: 1.3016 Pound ignoring US events unaffected by the market’s sentiment. Market believes that the BOE could surprise with a rate cut this Thursday. GBP/USD holding below 1.3040 which skews the risk to the downside. The GBP/USD pair spent the day within familiar levels,...
-
GBP/USD Forecast: Mild-Bullish Short-Term Stance
Monday, January 6, 2020 - 3:19pm | 343GBP/USD Current Price: 1.3158 UK Services sector stabilized in December, according to Markit. UK PM Johnson to discuss a trade deal with the US in the upcoming months. GBP/USD mild-bullish short-term stance, gains limited to 1.3284. The GBP/USD pair surged to 1.3174, as panic selling stalled mid...
-
GBP/USD Forecast: Would Likely Accelerate Its Decline Once Below The 1.3100 Figure
Thursday, January 2, 2020 - 3:30pm | 368GBP/USD Current Price: 1.3133 The December UK Markit Manufacturing PMI came in at 47.5, missing the market’s expectations. Markit will release this Friday the December Construction PMI, expected at 45.9. GBP/USD would likely accelerate its decline once below the 1.3100 figure. The GBP/USD...
-
GBP/USD Forecast: Technically Bullish In The Short-Term
Monday, December 30, 2019 - 3:28pm | 332GBP/USD Current Price: 1.3117 UK Parliament will resume debating the Withdrawal Agreement Bill next Tuesday. Long holiday ahead with no data scheduled to be released in the UK. GBP/USD technically bullish in the short-term, battling with critical Fibonacci level. The GBP/USD pair benefited once...
-
GBP/USD Forecast: Bearish And About To Challenge December Low At 1.2895
Monday, December 23, 2019 - 3:06pm | 317GBP/USD Current Price: 1.2936 Concerns about a hard-Brexit exacerbated by Withdrawal Bill passing the Parliament. Irish PM Varadkar indicated that the UK PM is embarking on a “harder Brexit than we anticipated.” GBP/USD bearish and about to challenge December low at 1.2895. The GBP/...
-
GBP/USD Forecast: Retains Its Bearish Stance In The Short-Term
Thursday, December 19, 2019 - 3:31pm | 376GBP/USD Current Price: 1.3016 The Bank of England left its monetary policy unchanged as expected. UK Q3 GDP and Commons voting on the Brexit bill this Friday. GBP/USD pierced 1.3000, retains its bearish stance in the short-term. The GBP/USD slump continued this Thursday, with the pair bottoming...
-
GBP/USD Forecast: Will Likely Accelerate Its Decline On A Break Below 1.3050
Wednesday, December 18, 2019 - 3:27pm | 343GBP/USD Current Price: 1.3081 UK inflation came in slightly better than anticipated in November, still below BOE’s target. UK PM Johnson speeding Brexit preparations, to announce government’s priority this Thursday. GBP/USD will likely accelerate its decline on a break below 1.3050 the...
-
GBP/USD Forecast: At Risk Of Extending Its Slump After Piercing 1.3100
Tuesday, December 17, 2019 - 3:21pm | 420GBP/USD Current Price: 1.3121 UK PM Johnson plans to prevent an extension of the Brexit’s transition period. UK employment data mixed, wages’ growth above expected. GBP/USD at risk of extending its slump after piercing 1.3100. The GBP/USD pair plummeted this Tuesday, touching a low...
-
GBP/USD Forecast: At Risk Of Extending Its Bearish Correction Toward 1.3190
Monday, December 16, 2019 - 3:40pm | 333GBP/USD Current Price: 1.3336 UK PM Johnson to bring the Brexit bill to Parliament next Friday. UK Markit manufacturing and services indexes contracted further in December. GBP/USD at risk of extending its bearish correction toward 1.3190. The GBP/USD pair has spent the first day of the week...
-
UK Elections Analysis: Three Reasons Why Johnson's Landslide Majority May Propel GBP/USD Far Higher
Friday, December 13, 2019 - 1:07pm | 650Massive Conservative majority may expedite passing Brexit and provide certainty. Johnson's personal mandate may allow him to ignore the demands of hard-Breixteers. The people behind the campaign are likely to push for business-friendly policies. "Do or die" was one of Prime...
-
GBP/USD Forecast: Holding Near A Multi-Month High
Tuesday, December 10, 2019 - 3:43pm | 338GBP/USD Current Price: 1.3198 UK data missed the market’s expectations but didn’t affect the Sterling. Hopes that UK PM Johnson will win the general election persist. GBP/USD holding near a multi-month high, firmer advance expected once above 1.3220. The GBP/USD pair has reached a...
-
GBP/USD Forecast: Held Above A Critical Mid-Term Support
Monday, November 25, 2019 - 3:44pm | 308GBP/USD Current Price: 1.2898 The latest UK election poll showed that Conservatives lead narrowed to 7.0%. The UK CBI Distributive Trade Survey on realized sales surprised on the upside in November. GBP/USD held above a critical mid-term support at around 1.2810. The Pound was the exception to...
-
GBP/USD Forecast: Finds Support At 1.2875
Thursday, November 21, 2019 - 5:16pm | 233GBP/USD slips below 1.2900, but finds support at 1.2875. The short-term perspective turns slightly bearish, but remains neutral in the daily chart. The GBP/USD pair retreated on Thursday and briefly dropped below the 1.29 mark, dragged down by a stronger dollar across the board, amid lack of...
-
GBP/USD Forecast: Underpinned By UK Election Polls
Monday, November 18, 2019 - 4:00pm | 314GBP/USD underpinned by UK election polls; Conservative Party surpasses 40%. Cable keeps the positive tone, key resistance seen at 1.3012. The British pound strengthened on Monday and reached a four-week high versus the US dollar as recent polls suggested Prime Minister Boris Johnson's...