A major obstacle to further downside is also the S2 monthly pivot at 1.2118, and this would have to be breached for us to have confidence of the bear trend extending.
March 14,2017
A positive rise in exports compared to imports helped push Sterling higher on Friday morning and enabled it to shrug off exceptionally poor Manufacturing data.
March 10,2017
The US Dollar weakened in the aftermath of the long-awaited US labour report on Friday as salaries disappointed.
March 10,2017
GBP/USD is moving lower as Sterling starts to unravel following the Chancellor’s budget speech on Wednesday.
March 10,2017
The Pound rose by 0.3% against the Dollar and the Euro during the budget as investors took confidence from the Chancellor’s upbeat tone and bullish revisions to growth forecasts for the current year.
March 9,2017
GBP/USD is in a short-term downtrend on the four-hour chart which may take it down to support at the S2 monthly pivot at 1.2120.
March 9,2017
Pound Sterling retains a negative bias against the Dollar and the Euro with another leg lower in the currency complex being sparked on the back of the release of data which showed a further slowdown in high-street retail sales as shoppers cut spending, especially on non-essentials.
March 8,2017
Morgan Stanley (MS) have provided their view of G10 currencies at the current juncture.
March 7,2017
UK government bonds, also known as gilts, should start to yield more as the economy remains stable and inflation expectations build, says the chief economist at advisory service Capital Economics, Jonathan Loynes.
March 8,2017
The Pound to Dollar exchange rate, or “Cable” as it is known amongst traders, is vastly overvalued and therefore a prime candidate for selling, says J P Morgan strategist Paul Meggyesi in a recent note seen by Pound Sterling Live.
March 7,2017
GBP/USD lost ground last week as the Dollar rose on the increasing likelihood the Federal Reserve will raise interest rates in March thus stimulating foreign capital inflows.
March 6,2017
A survey of managers in the construction industry revealed a more 'constructive' outlook for the sector than had previously been expected.
March 2,2017
A leading survey of manufacturing sector purchasing managers in February showed a mild pullback in results as activity lost some momentum, however, economists do not seem concerned, retaining a broadly optimistic long-term outlook.
March 1,2017
Assuming a conservative target expectation, it will probably at the very least reach the 1.2770 range highs, which would provide an initial target for the pair.
March 1,2017
New FX forecasts have been released by investment bank Morgan Stanley.
February 24,2017
“While prices remain trapped in their current range, we are getting to a window of opportunity for a breakout to develop, so we are watching price action closely today," says Lloyd’s Bank’s Robin Wilkins.
February 21,2017
In a contrast to the general view that the Dollar is going to continue rising and that the Pound is doomed, Nordea Markets' Aurelijia Augulyte is retaining a bullish GBP/USD stance.
February 20,2017
GBP/USD continues exerting pressure on 1.2415 where both the 50-day moving average and the monthly pivot are situated and provide a tough barrier of support limiting further declines.
February 20,2017
Our technical bias on the GBP/USD has been reinforced following the release of CPI inflation data out of the United States in the mid-week session.
February 16,2017
The GBP/USD pair is oscillating within a range between 1.2000 and 1.2800.
February 13,2017