Forex: GBP/USD is All About the FED Now

The Pound come under pressure this Tuesday after a worse than expected construction PMI in the UK put the UK’s tumbling economic situation back in the spotlight. “The pair has remained limited below [the] 1.6100 static area, with [the] hourly chart showing indicators mostly flat and bigger time frames turning south.” Read more about GBP/USD…

British Pound Benefitting from Rising Yield Expectations and Dollar Weakness

The GBP/USD reversed yesterday’s losses as the pair continues to benefit from broader dollar weakness. The greenback’s decline has helped spur risk appetite as stocks and commodities become cheaper for foreign investors. Read more about the British Pound…

GBP/USD Approaches Daily Highs

GBP/USD rose 50 pips in less than 30 minutes after being able to hold above 1.5700 and approached daily highs that lie at 1.5775. The pair is rising on Monday after falling in the last two trading sessions. It currently trades at 1.5755/60, 0.50% above today’s opening price. Read more about the British Pound…

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…

Technical Analysis for Crosses

The British pound versus Japanese yen is still limited below the pivotal resistance for the short term trading basis at 151.50 zones keeping our anticipation to the downside forming a bearish candlestick pattern that is expected to push the pair to move below the middle line of the Bollinger bands… Read more….

Pound Declines After Bank of England Boosts Asset Purchases

The pound fell for the first time in seven days against the dollar and dropped versus the euro after the Bank of England said it will spend an additional 50 billion pounds ($75 billion) of newly printed money to spur growth. Gilts pared losses that earlier pushed the 10-year bond yield to the highest level [...]

Pound Jumps to Multi-Day Highs Against Majors

The pound rose to a 17-day high of 148.71 against the Japanese yen, 11-day high of 1.6995 versus the Swiss franc, 6-day high of 0.899 against the euro and a 4-day high of 1.4977 versus the US dollar by 7:05 pm ET. Read more about the British Pound…

British Pound Makes Headway as UK Data Reflects Signs of Stabilization (Daily FX via Yahoo! Finance)

The British pound was the second strongest of the majors last week, losing out only to the Canadian dollar, as GBP/USD bounced from support at the 100 SMA. While there is resistance looming above for the pair at the April 16 high of 1.5070, economic releases could work in favor of British pound gains in [...]

Euro, British Pound, Australian Dollar All to Face Rate Decisions – Who Will Cut? (Daily FX via Yahoo! Finance)

The euro, British pound, and Australian dollar will encounter rate decisions from the European Central Bank, Bank of England, and Reserve Bank of Australia this coming week, but only one is expected to reduce rates. Read more….

Euro, British Pound, Australian Dollar All to Face Rate Decisions – Who Will Cut? (Daily FX via Yahoo! Finance)

The euro, British pound, and Australian dollar will encounter rate decisions from the European Central Bank, Bank of England, and Reserve Bank of Australia this coming week, but only one is expected to reduce rates. Read more….

Euro, British Pound, Australian Dollar All to Face Rate Decisions – Who Will Cut? (Daily FX via Yahoo! Finance)

The euro, British pound, and Australian dollar will encounter rate decisions from the European Central Bank, Bank of England, and Reserve Bank of Australia this coming week, but only one is expected to reduce rates. Read more….

British pound climbs to 2-week high against yen and 3-day high versus euro and franc (INO News)

(RTTNews) – In early European deals on Friday, the British pound recovered its early Asian session’s loss against other major currencies as U.K. mortgage approvals rose in March. Read more….

Euro, British Pound Diverge Against US Dollar as Prices Test Key Levels (Euro Open) (Daily FX via Yahoo! Finance)

The Euro gained while the British Pound slipped lower against the US Dollar in overnight trading as the greenback tested the boundaries of its 9-month up trend while global equity markets hoped to break the downward trajectory that has characterized prices since October 2008. Read more….

British Pound Surges Against Most Major Rivals (INO News)

(RTTNews) – The British currency advanced against most of its major counterpart in New York deals on Thursday. The pound climbed to new multi-day highs against the Swiss franc and Japanese yen. Read more….

British pound climbs to 2-day high against Swiss franc (INO News)

(RTTNews) – Against the Swiss franc, the British currency edged higher during Thursday’s early deals. At 3:55 am ET, the pound-franc pair reached a 2-day high of 1.6901, moving from an Asian session low of 1.6763. The next upside target level for the pair is seen around 1.715. Read more….

Canadian Dollar Forecast Bullish on Extreme Forex Sentiment (Daily FX via Yahoo! Finance)

EURUSD – Euro Forecast Bullish Against US Dollar USDJPY – Japanese Yen Outlook Shifts on Major Price Moves GBPUSD – Forex Trading Systems Indecisive on British Pound USDCHF – Swiss Franc Expected to Rally Versus US Dollar USDCAD – Canadian Dollar Forecast Bullish Against US Dollar Read more….

British pound hits 2-day high versus European currency (INO News)

(RTTNews) – The British pound that closed Wednesday’s North American session at 0.8988 against the European currency edged down to 0.9001 at 2:50 am ET Thursday. Read more….

British pound climbs to new multi-day highs against dollar and yen (INO News)

(RTTNews) – During early European deals on Thursday, the British pound climbed to new multi-day highs against the US dollar and the Japanese yen despite a report showed that House prices in UK declined in April after a surprise increase in March. Read more….

Euro, British Pound Follow Stocks Higher Against US Dollar (Euro Open) (Daily FX via Yahoo! Finance)

The Euro and the British Pound rose against the US Dollar as stocks gained for the first in three days in Asian trading, weighing on the safe-haven asset du jour. April’s Euro Zone Economic Confidence is on tap in the forthcoming session, with expectations calling for the metric to rise for the first time in [...]

British pound extends gains; climbs to 5-day high versus dollar and yen (INO News)

(RTTNews) – Extending its Asian session gains, the British pound climbed to a 5-day high against the US dollar and the Japanese yen during early European deals on Wednesday driven by a rise in U.K. stocks. Read more….

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