The British pound found itself at a critical juncture, with its recent movements reflecting a delicate balance between economic expectations and central bank decisions. Despite a slight uptick on Friday, the currency remained close to a two-week low, sparking interest and concern among traders and investors alike. At present, the pound was up 0.63% against […]
GBPUSD Analysis – Price Could Fall Back to the 1.30120 Market Zone GBPUSD kicks off with a momentum drop this week following its prolonged bullish purge. The price has been on a bullish streak since the start of June, with buyers pushing the market higher and higher. The buyers’ momentum has been strong, breaking through […]
GBPUSD Analysis – Price Held Back at 1.26030 GBPUSD sellers lose grip as buyers defend the 1.26030 key level. The pair has been showing strong bullish momentum since March when the bulls broke through the 1.18000 key level. This bullish liquidity propelled the pair forward, pushing past various resistance levels as buyers defended the 1.26030 […]
The British pound (GBP) is enduring a continued decline following the recent meeting of the Bank of England (BoE). In Friday’s trading, the GBP/USD pair slipped below the critical psychological level of 1.2500, hitting 1.2448. Although the sell-off is primarily influenced by the strength of the US dollar, it’s worth noting that the pound managed […]
The GBP/USD has been on a wild ride this week, with market sentiment and the dollar dominating its movements. It’s been a tough week for the pound, with a lack of concrete data on the economic docket to give it any real direction. Instead, it has had to rely on overall market sentiment to guide […]
The modest climb seen in the UK pound this Wednesday morning reflects a sense of cautious optimism among investors as they await three significant economic drivers that could shape the currency’s trajectory. US CPI Report: The Main Event The US Consumer Price Index (CPI) report has taken center stage and dominated global market headlines. Analysts […]
GBP/USD has continued to make its way up the charts as the US Dollar takes a tumble and market sentiment improves. We received some great news just as we were starting to feel pretty good about the situation: major US banks like CitiBank and JPMorgan have agreed to provide a whopping $30 billion aid package […]
The GBP/USD pair has been heavily impacted by the recent events in the FX markets. As the US economy and Federal Reserve guidance continue to drive currency movements, the pound has struggled to keep pace with the strong USD rally of last week. However, recent comments from Fed Chair Jerome Powell have offered some relief […]
Following an unexpectedly positive jobs report from the United States, which fueled expectations that the Federal Reserve (Fed) would hike rates above Wednesday’s 25 basis point (bps) threshold, the GBP/USD pair took an unexpected bearish turn, and the British pound plunged and widens its losses on Friday (bps). The GBP/USD currency pair is currently trading […]
