GBP/USD Hits Fresh 3-Day Low

The pound fell to a fresh 3-day low against the U.S. dollar on Wednesday, after official data showed that U.S. private sector employment fell more than expected in June. GBP/USD hit 1.4965 during European afternoon trade, the pair’s lowest since June 25; the pair subsequently consolidated at 1.4970, shedding 0.62%. Read more about GBP and USD…  Read More →

GBP USD Holds Steady

The Pound Dollar exchange rate is 0.364% lower with 1 GBP = 1.5053 USD at 1:15 PM in London. The GBP USD rate has turned around since the Election and hit the turbo button after the Emergency Budget. The 900-pip rise since mid-May has propelled the rising 21-day moving average up through the 50-day version. Read more about GBP USD…  Read More →

GBP/USD Consolidating

GBP/USD Current price: 1.5095. General bias for the pair has not changed: Pound is strong enough to keep the bullish trend alive, and despite short lived downside corrective rallies, the pair manages to keep printing higher highs on daily basis. Read more…  Read More →

GBP/USD Classical 03.04 (Daily FX via Yahoo! Finance)

GBP/USD: The most recent bout of bearish consolidation has been broken, with declines below critical psychological barriers by 1.5000 now exposing next psychological support by 1.4500 further down.  Read More →

GBP/USD Classical 02.25 (Daily FX via Yahoo! Finance)

GBP/USD: The most recent bout of bearish consolidation has been broken, with Thursday’s declines below 1.5350 opening a fresh downside extension which now eyes critical psychological barriers by 1.5000.  Read More →

GBP/USD: Trading the Bank of England Interest Rate Decision (Daily FX via Yahoo! Finance)

The Bank of England is widely expected to hold the benchmark interest rate at 0.50% and is likely to maintain its GBP 175B asset purchase program as the board anticipates economic activity to improve throughout the second-half of the year, and the central bank may adopt a neutral policy stance going forward as the extraordinary efforts work their way... Read more...

Forex: GBP/USD tests support at 1.6460 (The Forex Market)

FXstreet.com (Córdoba) – Cable failed in the last hour to confirm levels above 1.6600 and fell below 1.6500 to 1.6460 (lowest price of the American session). From there GBP/USD rebounded to 1.6510. Currently the pair is testing the lows of the session.  Read More →

Forex: GBP/USD rises to 1.6165 after falling below 1.6100 (The Forex Market)

FXstreet.com (Córdoba) – The Pound is recovering at a slow pace against the Dollar. GBP/USD is now back above 1.6150 after falling below 1.6100 to 1.6093 reaching a fresh 3-week low. Despite the recent recovery, the pair is still down more than 0.75% from today’s opening price.  Read More →

GBP/USD Moving Sideways

The Cable is moving with no clear direction. GBP/USD failed to break above the intra-day high at 1.6575. Currently, the pair is at 1.6525, which is 0.15% above today’s opening price but at the same levels it had at the beginning of the American session. On the downside, the pair has support at 1.6500 (intra-day low) and 1.6470. Read more…  Read More →

GBP/USD Falls 1.00% So Far Today to Test 1.6330

The Cable’s decline has continued after a short halt in the early American session, and the GBP/USD pair has fallen around 100 pips in the last two hours from 1.6437 to post a fresh intra-day low at 1.6330. Currently, the pair is down 1.00% from the 1.6480 opening price to the current price of 1.6340/50. Read more…  Read More →

Pound Goes Down

GBP/USD has been rejected at 1.6480 after stretching above 1.6450 ahead of the Wall street opening, and the Pound has dropped, on reversal, to levels right above 1.6400. Read more…  Read More →

GBP/USD: Pound Recovery Extends to 1.6350

The Pound has already retaken more than half of the ground lost in the European morning sell-off as a rebound on the 1.6210 intra-week low extended to the 1.6350 level on buoyant results of June’s Philadelphia Fed Business Index. Read more…  Read More →

Sterling Regains the Upside at Early Europe Session

“GBP/USD, still inside the descendant channel we mentioned yesterday, regained the upside early in Europe, still unable to break above the rook first dynamic resistance for today, now around 1.6430,” said Valeria Bednarik, collaborator at FXstreet.com. Read more…  Read More →

GBP/USD Falls Close to 1.6400

The Cable has been unable to reach 1.6500 levels in the last hour, and the pair has fallen from 1.6480 to test the 1.6400 level. Despite the rejection, the pair is trading on the positive daily side, rising 0.90% so far today from opening price to the current 1.6400/10. Read more…  Read More →

GBP/USD Rejects From 1.6435, Falls to 1.6310 Again

After picking up from a 1.6300 intra-day low in the early European session to test the 1.6435 resistance, the Cable has begun to fall to initial levels around the 1.6300/10 zone after the US opening bell. Currently, the pair is trading around 0.60% below today’s opening price. Read more about GBP and USD…  Read More →

GBP/USD: Pound Bounces at 1.6330 and Tests 1.6400

The decline from the 1.6600 intra-day high has found support at 1.6330, and the Pound is attempting a recovery move, reaching levels at 1.6385/00 at the moment of this writing. According to Valeria Bednarik, collaborator at FXstreet.com, below 1.6340 the pair will confirm further losses: “Pair gained bearish momentum after breaking an ascendant... Read more...

GBP/USD Below 1.6600; Rises 1.50% So Far Today

The Pound has eased its rally across the board. GBP/USD is back below 1.6600. The recovery of the dollar found support at 1.6560 and now GBP/USD is pointing up. Resistance zone lies at 1.6620 (intra-day high) and 1.6660 (7-month high). So far today, the pair has risen 1.50%. Read more about GBP and USD…  Read More →

Pound is Back Above 1.6350 Against the Dollar

GBP/USD rebounded at 1.6240 (intra-day low), rising strongly to 1.6360. The Cable reached an intra-day high at 1.6472 before the opening bell on Wall Street. After topping, the pair began to fall and continue in that way during the American session. Read more…  Read More →

Forex: GBP/USD: Pound aiming to 1.6100 resistance (The Forex Market)

FXstreet.com (Barcelona) – GBP/USD has launched two assaults to the 1.6100 resistance levels during Asian session, a level which has not been broken so far, and, after a pullback to 1.5985, the Pound has risen back to levels right below the mentioned resistance, which could be tested any moment ahead of the European session opening.  Read More →

Forex: GBP/USD finds support at 1.5800 and rebounds to 1.5850 (The Forex Market)

FXstreet.com (Barcelona) – After falling around 175 pips from 1.5975 today’s opening price to reach 1.5803 as 1-week low, the GBP/USD has begun to rise from this support to trade around 1.5850 level.  Read More →

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