GBPUSD=X - GBP/USD
| Previous Close | 1.305 |
| Open | 1.305 |
| Bid | 1.314 |
| Day's Range | 1.303 - 1.315 |
| 52 Week Range | 1.1959 - 1.3510 |
| Ask | 1.314 |
- FX Empire
GBP/USD Daily Forecast – Sterling Probes Trend Channel Resistance
GBP/USD is catching a bid in early trading and is making an attempt at the upper bound of a trend channel that has contained price action since the start of the year.
- FX Empire
GBP/USD Bullish Reversal at 88.6% Fib Confirms Triangle
GBP/USD is showing a bullish breakout above the resistance trend line after a late bullish bounce at the 88.6% Fibonacci level.
- Investing.com
Dollar Edges Higher; Loonie Downside Risk as BoC Meets
Investing.com - The U.S. dollar edged higher Wednesday as traders took a calmer view of the emergence of the pneumonia-like virus in China, but its gains were minimal and caution was still abundant.
- FX Empire
It’s a Big Day for the Loonie, with the Bank of Canada and Monetary Policy in Focus
The Bank of Canada and the Loonie are in focus, with economic data on the lighter side elsewhere…
- FX Empire
GBP/USD Price Forecast – British Pound Rallies After Strong Jobs Numbers
The British pound rallied a bit during the trading session on Tuesday, breaking above the top of the hammer from the Monday session. This was helped by better than anticipated employment figures.
- FX Empire
IMF Cuts Growth Forecasts Amid ‘Sluggish’ Global Economy
IMF attributes ‘the lion’s share’ of downward revision to ‘more subdued growth forecast’ for India. Asia’s third-largest economy, is expected to grow by 5.8% in 2020, a 1.2 percentage point markdown from the organization’s October forecast.
- FX Empire
GBP/USD Daily Forecast – Sterling Rallies as UK Unemployment Holds at 3.8%
Job numbers out of the UK were generally positive on Tuesday, triggering a rally in the pound to dollar exchange rate.
- FX Empire
GBP/USD – Pound in Holding Pattern Ahead of Job Reports
The pound is subdued on Tuesday, but that could change later in the day, as investors brace for soft employment numbers out of the U.K. (releases at 9:30 GMT).
- FX Empire
Coronavirus Jitters Surface as the Focus Shifts to Employment Numbers and the GBP
More stats due out of the UK could test the Pound further this afternoon. Earlier in the day, the BoJ held rates steady.
- Investing.com
Yen in Demand; Virus Sparks Risk Aversion
Investing.com - The Japanese yen is in demand Tuesday as a safe haven currency with the outbreak of the pneumonia-like virus in China sparking a bout of risk aversion.
- FX Empire
GBP/USD Price Forecast – British Pound Clings To Major Round Figure
The British pound initially fell during the trading session on Monday but did recover a bit as we are starting to test the 1.30 level. The uptrend line is coming into play as well, although we are just short of the 50 day EMA.
- FX Empire
Pound is Not Ready to Grow
The British Pound against the USD is starting another January week under pressure: the pair is trading below 1.3000.
- FX Empire
GBP/USD Daily Forecast – Sterling Retreats to Major Support
GBP/USD attempted to recover higher last week but sellers stepped in after a weak UK retail sales report that encouraged rate cut speculation.
- FX Empire
GBP/USD – Pound Losing Grip on 1.30
British numbers were dismal last week. On Friday, retail sales declined by 0.6%. The pound is showing signs of weakness, as it has slipped below the symbolic 1.30 level. Is cable headed for further losses?
- FX Empire
To Much Time On My Hands.
With only a couple of data releases amidst the Fed’s communication blackout period, this holiday-shortened week looks to be relatively lackluster from the US economics perspective.
- Investing.com
Dollar Calm; Retains Strength Against Main Rivals
Investing.com - The U.S. dollar was largely flat in European trading Monday, with the U.S. holiday providing little incentive for traders to take risks. That said, the greenback still looks strong against its main competitors.
- FX Empire
The PBoC Holds Loan Prime Rates Steady on a Quiet Day on the Economic Calendar
The PBoC left LPRs steady this morning, with some time likely needed to asses the impact of recent cuts and the phase 1 agreement.
- FX Empire
The Week Ahead: Monetary Policy in Focus, with the PBoC, BoJ, BoC, and the ECB in Action
It’s a big week on the monetary policy front, with stats also to influence…
- FX Empire
GBP/USD Weekly Price Forecast – British Pound Continues To Look Choppy
The British pound went back and forth during the course of the week, as we get a lot of push back and forth from both buyers and sellers. The Friday session had a very poor retail sales figure release, and that of course weighed upon the market.
- FX Empire
GBP/USD Price Forecast – British Pound Suffers Retail Sales Shock
The British pound pulled back after initially trying to rally during Friday as the retail sales numbers were miserable in the United Kingdom. That being said, we are still very much in an uptrend and it will be interesting to see whether or not we can continue.
- FX Empire
GBP/USD Daily Forecast – UK Retail Sales Miss Spurs Rate Cut Speculation
Retails sales in the UK were much worse than analysts expected, fueling rate cut expectations and putting Sterling under pressure.
