FOREX

EUR/GBP upside faltered in the 0.8960 area

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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 […]

FOREX

GBP/USD: Close to critical resistance

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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 […]

FOREX

Traders Await Brexit Delay Decision

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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 […]