It has been a quiet week for the British pound, but that could change in a hurry, with the Fed announcing its rate decision later today, followed by the Bank of England on Thursday. It's a virtual guarantee that the Federal Reserve will raise rates at today's meeting by 25 basis points. This would bring the benchmark rate to 4.75%. The Fed has had some success...
The British pound is in full flight upwards on Wednesday. In the North American session, GBP/USD is trading at 1.2393, up 0.86%. UK inflation eased for a second straight month in December. Headline CPI dipped to 10.5%, down from 10.7% in November and just below the forecast of 10.6%. Core CPI, however, did not show an improvement as it remained unchanged at...
Cable is back in an uptrend after a capitulation back in September, with the current price making some extended move up after breaking above 1.2 psychological level. We see Cable unfolding a five-wave bullish impulse from the lows, with more upside coming after recent pullback from the highs that unfolded as a correction. Ideally, that was subwave four that can...
EURGBP is delivering bullish on the short to mid term, looking for continuation to the upside before the next major move down happen
£ GBP - What's next? Technical view: Bearish Flag forming a break further to down side confirmation head to 1.20 low areas. BOE - Dovish Any pull back in EURGBP will be brought. Things to keep in mind the flows. Trade Journal
Switzerland National Bank officially announced the intervention in the FX market to stop the Swiss Franc depreciation, which confirms a regime change for the SNB. and their Hawkish monetary policy will strengthen the CHF and aim for a lower inflation, meanwhile the Bank of England hiked the rates slowly and with hesitations despite a very high inflation which...
The GBPUSD had so much potential heading into 2022, as markets anticipated some possibility of the UK navigating through the Brexit ordeal. The BoE was one of the first central banks to increase rates, BUT YET , we saw the Pound getting pounded down, from the 1.35 price area down to the HISTORIC low of 1.036, with huge speculation that the GBPUSD could even...
The GBP/USD dropped sharply on Thursday, mainly due to a stronger U.S. Dollar at critical times for currency markets, following decisions from the Federal Reserve, the European Central Bank and the Bank of England. As expected, the Fed, the ECB and the BoE raised key interest rates by 50 basis points, amid high inflation. There were no surprises there. At the...
The European Central Bank (ECB) and the Bank of England (BoE) both raised interest rates by 50 basis points at their final meetings of the year. The Eurozone's policy rate was hiked to 2.5%, the highest in fourteen years, and the UK's to 3.5%, the highest since late 2008. In contrast to the relatively dovish BoE meeting, the ECB meeting was substantially more...
Buy GBPYJPY Entry: 168.18 Stop loss: 167.92 Take profit: 169.90
GBPUSD D1 - Really want to see this upside break and retest before jumping into these longs. ***USD pairs are fast approaching some fairly significant daily resistance zones, lots of data out this week for both the GBP and USD. So this could really catalyse an upside break... We just have to wait and see what releases and what starts to unfold.
The British pound has posted slight gains today. In the European session, GBP/USD is trading at 1.2257, up 0.32%. After a rather uneventful week for the US dollar, next week could be marked by plenty of action, with a host of key releases on both sides of the pond. The BoE and Federal Reserve are expected to deliver 50 bp hikes, and we'll get a look at the latest...
DXY H4 - We have started to see rejections during yesterdays trading session, looking for more of the same, further drops in dollar strength over the medium to long term. Lots of opportunity for XAUUSD, GBPUSD and EURUSD longs. These will be watchlist priority pairs going into next year.
Hello Traders. This is my view on GBPAUD. At first, the price has bounce up from the weekly support level, but now is touching the Weekly Resistance. Also, the Weekly Trend remains bearish from 2001, while any intraday 4H,1H Daily, whatever, is considered as a correction, personally speaking. That will be my entry with possible TP levels. The fundamentas in...
EURGBP H4 - Managed to bounce nicely from our indicated support yesterday, a nice break in lower timeframe trend, looking for a retest of that same support price which could result in an attractive H4 double bottom to position long from. Trading up towards that 0.87800 resistance price.
Absent the lack of key fundamental surprises I am slowly leaning to a bearish stance on this pair. The economic situations between the two is very similar. Both are also experiencing a much milder winter than was previously expected which seems to be helping both Germany and the U.K. economically. In my opinion, the BoE is being more dovish than the ECB...
GBPJPY H4 - Missed yesterday's pending order entry by 10 pips which was a shame, we saw a solid rally of +130 following the retest. We have indicated potential day trade entries at 167.500, or swing trade entries around 166 again as of yesterday's slight region of demand.
The British pound is sharply lower on Thursday as the US dollar has rebounded against the major currencies. In the North American session, GBP/USD is trading at 1.1787, down 1.07%. We continue to see sharp swings from the pound in November. Jeremy Hunt's Autumn Statement was much more in keeping with the difficult economic times than the ill-fated mini-budget...