Sterling (GBP) slumped to its lowest point since March 2020 on Tuesday as the US dollar posted an aggressive rebound and as political uncertainty displaced GBP traders. Already under strain from worsening inflation, Brexit tensions, and the risk of a recession, the British economy came under fresh pressure following Boris Johnson’s resignation as prime minister […]
GBP/USD trends downward this morning, subsequently falling below 1.1950. This is due to the increased strength of the USD. The US dollar index is being bought and sold at its highest value in almost twenty years beyond the 106 price level. The dollar index received offers up to 107.09, as it corrects the initial losses […]
Beginning with the current economic downturn. This resulted in the UK’s recording a constant GDP in the first quarter of last year: 2021 yesterday. The United Kingdom Gross Domestic Profit correlates with the first prediction of a 0.8% Quarter on Quarter and 8.7% Year on Year. It is important to know that the anxiety of […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it may revisit the 1.1933 low. The bulls could not break above the moving averages to resume the uptrend. On June 14, the currency pair fell to the low of 1.1933 and resumed upward […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it faces rejection at 1.2360. After the breakdown, the price movement was restricted by the 21-day SMA. The Pound will fall and break below the 1.2000 support if the bulls fail to break the […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it recoups above 1.1989. In the previous price action, the Pound has been in a sideways move since May 19. On June 10, the bears broke below the 21-day SMA as the pair declined […]
The British pound plummeted to a 13-month low against the euro on Tuesday, also falling below the 1.2000 mark against the dollar for the first time since March 2020 amid political tensions. Against the euro, the EUR/GBP pair soared to its highest point since early May, taking in 1.27% today alone. Sterling had the floor […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downward correction but faces rejection at level 1.2560 . It is trading above the 21-day line SMA and below the 50-day line SMA. The implication is that the Pound will be compelled to a range bound […]
GBP/USD gets offers; to gather its first weekly losses in three weeks near 1.2500. This happened as the pair rebounds- off the 21-days moving average. All this happened in Europe during the early hours this morning. However, the S&P 500 features recovered about 0.5%. This displayed that traders were being; careful with their expectations and […]
