The charts are showing the GBP/USD pair in a range. The US dollar may have gained a marginal regenerative pulse after Building Permits surprised to the upside on Tuesday but the data release did not lead to any major moves.
July 20,2016
The GBP/EUR pair rose to the top of its current sideways range on Wednesday after the release of positive UK jobs data gave it a lift. The European Central Bank rate meeting on Thursday and UK July PMI’s on Friday are the highlights of the week ahead for this pair
July 20,2016
GBP/EUR pushed higher following the BOE’s endorsement that the status quo was adequate. Could the pair now build on these gains and go even higher?
July 15,2016
Whilst the BOE's recent meeting minutes showed there was cause for concern for the economy post-Brexit, recent data showing a slump of 45% in London residential sales confirmed Brexit is 'biting'
July 15,2016
The Bank of England (BOE) decided to keep interest rates unchanged at their rate meeting on Thursday, snubbing the opinions of most analysts, who had expected a quarter percent cut, and sterling rose
July 15,2016
Yet more risks lie on the post-Brexit horizon, according to a recent report from Dutch lender ING; these include another Scottish referendum on independence, sterling losing its reserve status and difficulties with the UK covering its current account deficit
July 13,2016
The current pull-back in EUR/GBP is merely a correction, an Elliot Wave 4 in technical terms, and it will soon recover and continue higher, says a leading technical analyst
July 15,2016
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