Pound Sterling Weakens After Softer UK GDP, Bolstering BoE Rate Cut Bets
The British pound (GBP) continued to struggle against the US dollar as fresh economic data showed the UK economy expanded by only 0.1 %…
Category
GBP/USD
GBPUSD Market Sustains Upside Structure As Pullback Remains Well Behaved
Market Analysis – February 9 GBPUSD market sustains upside structure as the pullback remains well behaved. GBPUSD Market continues to lean decisively northward, with…
GBPUSD Market Preserves Upward Bias After Expansion And Controlled Retracement
Market Analysis – February 2 GBPUSD market preserves upward bias after expansion and controlled retracement. GBPUSD continues to maintain an upward-leaning technical posture, supported…
GBP/USD Slides Below 1.3780 as Fed Hold Boosts the Dollar
GBP/USD fell below 1.3780 during Thursday’s North American session as the US Federal Reserve (Fed) kept interest rates unchanged and highlighted a stable labor…
GBPUSD Market Maintains Positive Bias As Trend Strength And Buying Interest Improve
Market Analysis – January 26 The GBPUSD market maintains a positive bias as trend strength and buying interest improve. GBPUSD is advancing within a…
Pound Sterling Gains on Strong UK Economic Data
Pound Sterling rose sharply this week, supported by better-than-expected UK Retail Sales and January PMI data. The British currency strengthened to near 1.3536 against…
GBPUSD Reflects Deteriorating Momentum Within an Increasingly Defensive Structure
Market Analysis – January 12 GBPUSD reflects deteriorating momentum within an increasingly defensive structure. GBPUSD is exhibiting a renewed bearish tone, supported by clear…
GBPUSD Reflects Deteriorating Momentum Within An Increasingly Defensive Structure
Market Analysis – January 5 GBPUSD reflects deteriorating momentum within an increasingly defensive structure. GBPUSD is moving into a more fragile technical phase as…
GBPUSD Faces Renewed Bearish Risk Amid Fading Upside Momentum
Market Analysis – December 29 GBPUSD faces renewed bearish risk amid fading upside momentum. The GBPUSD market is displaying a cautious-to-negative tone, as recent…