The mixed results produced by the United Kingdom’s economy this Tuesday didn’t prevent the British pound to the Brazilian real exchange rate from climbing higher in the sessions. The pair’s prices have been very bullish in recent weeks as Brazil faces a huge economic hurdle. As long as the pandemic continues to wreak havoc in the nation, the chances for bears...
Bears finally regained their momentum once again, and this time, it comes in a crucial time as the pound gets weighed on by Brexit concerns. This should lead the pair lower towards its support levels soon, forcing the 50-day moving average to slide and get closer to the 200-day moving average. Moreover, huge companies and corporations in the United Kingdom are...
The British pound continues to dominate the Brazilian real in the sessions. The Latin American currency stood no chance against the pound thanks to the recent promise of the British Prime Minister to rescue the economy. The pair is still extremely bullish and should reach its resistance level by the first half of July as the Brazilian real continues to depreciate....
The recovery of the Brazilian real plus the ongoing Brexit deal concerns have pushed the pair lower today. Bears remain dominant as they seek redemption after the pair rallied to its highest levels. The British pound to Brazilian real exchange rate should reach its support in no time as the Brexit deal deadline is fast approaching. The pound sterling, just like...
The British pound saw solid gains against its closest rivals yesterday with GBP seeing better manufacturing results than Germany—the UK Final May manufacturing PMI came in a 40.7 against a previous estimate that sat around 40.6. Germany’s respective figure came in at 36.6, which was not only lower than the UK but also lower than market estimates. On that note,...
The British pound to Brazilian real exchange rate slows down this Tuesday but is expected to continue to descend as bearish investors work to recover major losses from the pair’s first-quarter rally. Looking at the fundamentals around the pair, the main factor that’s limiting the gains of the Brazilian real is the political headwinds that can be traced to Brazil’s...
The pair will bounce back from a major support line, sending the pair higher towards its all-time high. The United Kingdom and Brazil are in a race that both countries will not want to participate in. Brazil overtook the UK yesterday on the list of countries with most coronavirus cases. Brazil is now the third in the world with 293k cases while the UK has 248K....
The British pound has closed the previous week in a solid tone despite the shocking revelations regarding Britain’s two top officials. Bulls are projected to continue to advance in the trading sessions as the sterling disproportionally benefits from the risk appetite brought by the fall of the greenback. Also, the news about Boris Johnson and Matt Hancock...
