British Pound vs US Dollar Technical Analysis The British pound has rallied significantly during the course of the trading session on Tuesday to reach the 1.25 level, an area that obviously would caus...
Tag: GBPUSD
GBP/USD forms cup and handle ahead of UK inflation data
The British pound rose to the highest point since May 5th after the positive UK jobs data. The GBP/USD pair rose to a high of 1.2480, which was about 2.70% above the lowest level last week. The pair i...
GBP/USD Price Forecast – The British Pound Gives Up Early Gains
British Pound vs US Dollar Technical Analysis The British pound initially tried to rally during the trading session on Monday but gave back early gains as we continue to see a lot of resistance above....
GBP/USD Weekly Price Forecast – The British Pound Continues to Meltdown
British Pound vs US Dollar Weekly Technical Analysis The British pound initially tried to rally during the trading week, but then fell apart as it looks like we are going to continue to see a massive ...
GBP/USD Price Forecast – British Pound Continues to Consolidate at Low Levels
British Pound vs US Dollar Technical Analysis The British pound has gone back and forth during trading on Wednesday as we continue to see a lot of back and forth in this general vicinity. The 1.2350 l...
GBP/USD drops sharply after BOE raised rates further: what comes next?
The Bank of England hiked the interest rate yesterday, one day after the Federal Reserve delivered a historic 50bp rate hike too. After yesterday’s rate hike, the interest rate in the United Kingdom h...
GBP/USD analysis: Here’s why sterling has tumbled to 2020 lows
The GBP/USD price retreated to the lowest level since November 2020 as demand for US dollars rose. The pair is trading at 1.3017, which is 8.56% below its highest level in 2020. It has been in a stron...
GBP/USD forecast after the strong UK services PMI data
The GBP/USD pair held steady on Tuesday after the relatively strong services and composite PMI numbers from the UK. The pair rose to a high of 1.3145, which is in the same range as it has been in the ...
EURUSD, GBPUSD, and USDJPY forex signals ahead of today’s NFP data
In the month since the last jobs report in February, the dollar has weakened slightly despite an attempt higher. Economists were off in their forecasts last time around, as February’s release was muc...
GBP/USD muted as UK home prices surge accelerates
The GBP/USD price went sideways after the latest economic data from the United Kingdom. The pair is trading at 1.3121, where it has been in the past few days. This price is also about 1.38% below its ...
GBP/USD forex signal: Sterling crashes ahead of UK GDP data
The GBP/USD crashed to the lowest level since November 2020 after the strong American consumer inflation data. It is trading at 1.3088, which is about 8% below the highest level in 2021. UK GDP data ...
GBP/USD prediction ahead of the UK GDP data
The GBP/USD price remained under pressure as investors reflected on the strong American inflation data and the upcoming UK GDP numbers. It is trading at 1.3550, which is about 70 basis points below th...
GBP/USD forecast after the strong US inflation data
The GBP/USD pair jumped sharply after the latest US inflation data and after a strong warning about tightening by the Bank of England (BOE) chief economist. The pair fell to a low of 1.3533, which was...
GBP/USD prediction: BOE rate decision preview
The GBP/USD price was in a tight range during the Asian session as investors waited for the upcoming interest rate decision by the Bank of England (BOE). The pair is trading at 1.3565, which is about ...
Is GBP/USD a buy or sell as UK and US bond yields rise?
The GBP/USD price moved sideways after the strong UK consumer price index (CPI) data. The pair is trading at 1.3597, which is about 1.10% below the highest level last week. UK consumer inflation jumps...
GBP/USD pressured ahead of UK jobs and inflation data
The GBP/USD pair came under intense pressure as the political circus in the United Kingdom continued. It is trading at 1.3653 ahead of the latest UK jobs, inflation, and retail sales numbers. Boris Jo...
Dollar Conviction Better Signaled by EURUSD Windup Than GBPUSD and USDCAD Breaks
As the speculative exclusivity of the top-performing US indices fades, we are moving into Wednesday trade with larger participation in the ‘risk on’ wave but a slowdown in the speed of the top-perform...
GBP/USD forecast ahead of UK and EU talks on Northern Ireland
The GBP/USD price is holding steady ahead of the upcoming Brexit talks between Lizz Truss and Maros Sefcovic. The pair is trading at 1.3600, also as investors wait for an important testimony by Jerome...
GBP/USD analysis ahead of US non-farm payrolls data
The GBP/USD pair retreated on Thursday as investors reflected on the latest FOMC minutes and the services PMI numbers from the UK. The pair is trading at 1.3522, which is about 0.53% below the highest...