GBPJPY analysis – next week Feb 2nd outlook

h4 chart at market closing Price is currently already above the the daily upper trendline; which is drawn from Sept 24th to Jan 7th. Now it is testing the 130.00 resistance zone and could either break it or rebound from the it. However, the trend reversal, if any, should only be confirmed if the price [...]

GBPJPY analysis – British Pound Dominates Against the Majors on Massive Retracement – Can This Continue?

The British pound was the strongest of all the majors not only on Friday, but during the entire week, as the currency trades in a highly speculative manner. Indeed, over the past 5 days, the British pound has rallied 8.6 percent against the New Zealand dollar and roughly 6.3 percent against the euro and Japanese [...]

British Pound Outlook Hinges on BOE Rate Decision, Policy Statement (Daily FX via Yahoo! Finance)

The British pound was the strongest of all the majors last week, as the currency trades in a highly speculative manner and attempts to recoup the massive losses accumulated between October 2008 and January 2009. Read more….

Singapore dollar falls to 4-day low against US and Hong Kong counterparts (Nasdaq)

(RTTNews) – During early deals on Friday, the Singapore dollar declined to a 4-day low against its US and Hong Kong counterparts. On the other hand, the Singapore currency showed strength against the euro and the British pound. The local dollar thus reached a 4-day high versus the European currency. Read more….

British Pound Bought Aggressively Against US Dollar By Forex Trading Signals (Daily FX via Yahoo! Finance)

Our forex trading signals have aggressively bought the British Pound against the US Dollar through the impressive breakout in the GBP/USD pair. Indeed, both the Breakout1 and Breakout2 trading systems bought the GBP/USD within mere minutes of each other, while our trend-based Momentum2 system has remained long for quite some time. Read more….

British Pound Bought Aggressively Against US Dollar By Forex Trading Signals (Daily FX)

Our forex trading signals have aggressively bought the British Pound against the US Dollar through the impressive breakout in the GBP/USD pair. Read more….

British government details Bank of England’s 50 billion pound asset purchase scheme (Minneapolis-St. Paul Star Tribune)

LONDON – The British government detailed Thursday the financial assets the Bank of England can buy as part of a 50 billion pound ($70 billion) package to get banks lending again and ease the constraints on businesses across the country. Read more….

Pound rises to 8-day high against Swiss franc (Nasdaq)

(RTTNews) – Wednesday morning in Asia, the UK’s sterling gained ground against its Swiss counterpart. The pound rose to an 8-day high of 1.6197 against the franc by 6:15 pm ET and the pair is currently trading at 1.6188. On the upside, the pound may find resistance near the 1.677 level. Read more….

Are British Banks Sound As A Pound? (NPR)

The phrase “sound as a pound” traditionally has meant something is as reliable as the British currency. After all, the government stands behind its currency. But, a number of British banks have been at least partially nationalized by the government at a time when they are not inspiring much confidence. Philip Coggan of The Economist [...]

Euro, pound suffer as recession bites (AFP via Yahoo! News)

The euro and the British pound fell against the dollar on Monday with dealers gloomy about prospects for recession-hit European economies. Read more….

Euro, Pound Rebound as Gold Spikes

With most of Asian and Australia out on holiday, the liquidity starved conditions in the currency markets created some exaggerated movements in both euro and pound on the first trading day of the week, as both units fell hard at the start of Asia trade only to stabilize and recover on better risk appetite as [...]

Yen Rises to Record as Economic Concern Spurs Demand for Haven (Bloomberg)

Jan. 23 (Bloomberg) — The yen strengthened to a record against the pound and near a seven-year high versus the euro as concern the global economic slowdown will deepen spurred investors to take refuge in Japan’s currency. Read more….

Pound Hits New Lows as UK Officially Enters Recession

UK GDP data printed much worse than expected sending pound to fresh multi year lows as the report confirmed that the country has officially entered into its first recession since 1991. The UK GDP showed a contraction of -1.5% versus -1.2% expected as the full impact of the collapse of global capital markets has finally [...]

Pound Falls to Record Low Versus Yen on U.K. Economic Concern (Bloomberg)

Jan. 21 (Bloomberg) — The pound fell to a record low against the yen for a second day and the weakest since 2001 versus the dollar after the Bank of England said it may start buying assets to revive the economy. Read more….

Yen Trades Near Record High Versus Pound on U.K. Bank Concern (Bloomberg)

Jan. 22 (Bloomberg) — The yen traded near a record high against the pound as speculation that the deepening financial crisis will force the British government to nationalize banks boosted the haven appeal of Japan’s currency. Read more….

Yen Climbs Toward Record High Versus Pound on U.K. Bank Concern (Bloomberg)

Jan. 22 (Bloomberg) — The yen rose for a fourth day against the pound, approaching a record high, on speculation the deepening financial crisis will force the U.K. government to nationalize banks. Read more….

Dollar firms against euro, yen holds strong (AFP via Yahoo! News)

The dollar firmed slightly against the euro Thursday while the yen held strong and the pound dropped against most other major currencies, as global financial turmoil roiled markets. Read more….

Pound Nears Record Low Versus Yen on Nationalization Concerns (Bloomberg)

Jan. 22 (Bloomberg) — The pound declined for a fourth day against the yen, trading near a record low, on speculation a deepening financial crisis will force the U.K. government to seize control of the country’s banks. Read more….

Yen Approaches 13-Year High Versus Dollar, Surges Against Pound (Bloomberg)

Jan. 23 (Bloomberg) — The yen approached its strongest level since 1995 versus the dollar and a seven-year high against the euro as concern the global slowdown will worsen spurred demand for Japan’s currency. It also traded at a record against the pound. Read more….

Yen Approaches 13-Year High Versus Dollar, Surges Against Pound (Bloomberg)

Jan. 23 (Bloomberg) — The yen approached its strongest level since 1995 versus the dollar and was set for its best weekly gain in three months against the pound as concern the global slowdown will worsen spurred demand for Japan’s currency. Read more….

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