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 […]
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 […]
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 […]
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 […]
GBP/USD await fresh clues to extend the previous day’s recovery. The post-Brexit drama between the UK and the EU continues, the Irish election is the additional ones to watch. The UK data dump, Carney’s speech and Fed Chair Powell’s Testimony will be the key while […]
GBP/USD fell 0.50% to $1.2994, but had been as low as $1.2961 after data showed unexpected weakness in U.K. industrial production and GDP data in November. The data followed remarks by Bank of England monetary policy member Gertjan Vlieghe Vlieghe, who said he […]
British politics will remain in focus as Prime Minister Johnson is pushing for a general election on 12 December. Mr Johnson will need the support of two thirds of MPs in order to get approval for the move. He is unlikely to get the support […]
Banks across Europe earn hundreds of millions of euros a year from overcharging small corporate customers for foreign exchange services, according to a new paper from the European Central Bank. The new research is the first data-driven study of the traditionally opaque world […]