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
The US Dollar rose strongly on the back of good inflation and retail sales data from the United States in mid-week trade, only to give the gains back.
February 17,2017
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 Pound to Dollar exchange rate will be eyeing events in the United States today as the economic calendar hots up.
February 15,2017
The recovery in the dollar has stalled as markets look towards Janet Yellen’s key testimony to Congress over the next couple of days.
February 15,2017
“One can wager that the US Dollar’s correction since the start of the year is probably nearly over,” goes the unabashedly pro-USD rally cry from analysts at France’s financial services bank Natixis.
February 14,2017
The GBP/USD pair is oscillating within a range between 1.2000 and 1.2800.
February 13,2017
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