The British pound inched down on Friday to within striking distance of its 2021 low against the dollar, as the UK’s pandemic curbs and weak economic data dampened expectations that the Bank of England would raise interest rates soon. Britain’s economy grew by a weaker-than-expected […]
The British pound slipped in early trading on Monday, hurt by a fall in risk appetite globally, after economic data from the United States and China prompted concerns about their recovery from COVID-19. Data on Friday showing a plunge in U.S. consumer confidence and data […]
Sterling fell below $1.40 and hit a 10-week high versus the euro on Thursday as markets reacted to a surprise hawkish shift by the U.S. Federal Reserve, boosting the dollar against other major currencies. Fed officials on Wednesday signalled they would raise interest rates and […]
A big move has been seen in the pound, with the EUR/GBP pair eroding the 2016-2021 uptrend at 0.8591. A second daily close below this level would open the path towards the 0.8465 May 2019 low, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, briefs. Key […]
GBP/USD has been on the rise amid dollar weakness and Britain’s vaccination campaign. In the view of FXStreet’s Analyst, sterling braces for the rally’s side effects, a downside correction. Key quotes “Work on the next US stimulus bill – the main dollar driver – is currently […]
EUR/USD Current Price: 1.2127 German economic sentiment is expected to have contracted in December to -66. The American currency is still the weakest across the FX board despite a modest recovery. EUR/USD is bouncing from near 1.2100, in line with bulls’ dominance. Major pairs are […]
EUR/GBP weakness has accelerated sharply for a clear break of the 0.8966/46 uptrend from late April, as well as importantly the 200-day average at 0.8926 on a closing basis. Critical now is the 0.8866/64 key price pivot, below which the pair should, at last, confirm […]
EUR/GBP remains on the back foot, around 0.9030, down 0.46% intraday, and a clear break of 0.9026/05 should allow weakness to accelerate sharply, with next support at 0.8934, as the Credit Suisse analyst team notes. Key quotes “With the short-term downtrend from mid-September still intact, today […]
The dollar edged higher in early European trade Wednesday, holding on to recent gains following doubts about how quickly a Covid-19 vaccine will come to the market, prompting a more risk averse trading environment. At 2:50 AM ET (0650 GMT), the Dollar Index, which tracks […]
The pound has risen against dollar while options markets suggest no flash points ahead Currency traders have slipped up on Brexit many times over the past four years, but they are relaxed about the prospect of dropping out of the EU’s trade arrangements without […]