GBP/USD Thursday’s 4-hour chart is showing an advantage for the bulls as momentum turns positive. The cable trades at 1.2530 ahead of the BoE’s Interest Rate Decision and FXStreet’s analyst Yohay Elam sets initial resistance at 1.2565. Key quotes “Momentum on the 4-hour chart has […]
Tesco has agreed to sell its business in Poland as it continues to scale back its international operations. The UK supermarket giant is selling its 301-store Polish business to Danish retail group Salling Group for £181m. It said the sale would allow it to focus […]
LONDON (Reuters) – UK grocery sales grew at the fastest rate since comparable records began in 1994 as Britons adapted their behaviour in the national lockdown, industry data showed on Wednesday. Market researcher Kantar said total UK grocery sales rose 14.3% to 31.4 billion pounds […]
GBP/USD tries to stay above 1.2250 after the release of UK economic data. UK Inflation Slips Into The Negative Territory GBP/USD tries to hold above the key resistance level at 1.2250 following the release of new portion of UK economic data. UK Inflation Rate was […]
LONDON (Reuters) – The United Kingdom announced a new post-Brexit tariff regime on Tuesday to replace the European Union’s external tariff, maintaining a 10% tariff on cars but cutting levies on tens of billions of dollars of supply chain imports. After decades outsourcing its […]
EUR/GBP’s upside momentum lost impetus near 0.8960 on Tuesday. UK’s Claimant Count Change rose by more than 850K in April. German, EMU Economic Sentiment coming up next on the data. The broad-based better mood in the riskier assets is dragging EUR/GBP back to the 0.8930 […]
GBP/USD is nearing the 1.2270 level which was a swing low in early May and is where the 50 Simple Moving Average on the four-hour chart hits the price, FXStreet’s analyst Yohay Elam briefs. Key quotes “Momentum turned positive but only just. The cable still […]
WB Chambers MD Tim Chambers says his business will be lucky if it avoids making a loss this year due to coronavirus Chambers: “We’re budgeting to break even” WB Chambers’ managing director Tim Chambers said his business is budgeting to break even this year as […]
The U.S. dollar edged lower in early European trade Thursday, consolidating after gains overnight in the wake of an onslaught of dire economic data. Sterling has shown strength after the Bank of England remained on hold. At 3:15 AM ET (0715 GMT), the U.S. Dollar […]
EUR/GBP stages a modest bounce from multi-week lows support near the 0.8680-75 region. The GBP witnessed some selling during the early European session provided a goodish lift. The German court ruling on Tuesday continued weighing on the euro and capped the upside. The EUR/GBP cross […]