Posts Tagged ‘British Pound’
Currency Articles - May 22, 2019 15:21
The Pound is in Freefall – When Will It Stop?
It’s been a rough old time for the British Pound. Since the start of the 2nd week of May it’s been completely freefalling. GBPUSD has dropped over 1000 pips to 1.26390 at the time of writing this. There has been no recovery, no respite, just continued weakness. It seems that nobody loves the Pound. The […]
FTSE Weaker in Q2 But Looking For Support
Early Q2 exuberance on the FTSE 100 seems to have settled, and in predictable form the main UK index of large cap blue chips is retracing in order to find support. As is often the case during summer months, the FTSE 100 seems to be looking for a trading range until Q3 gets underway. The […]
GBP Gets Ready for an Unpredictable Day with Meaningful Vote 2
All eyes are once again focused on the British Pound, with a crunch vote happening today on the deal which Theresa May has secured with the EU parliament. As news broke on Monday evening that there was now an agreement on the Northern Ireland backstop (which has been the main point of controversy throughout the […]
Relief Rally on Share Prices as US and Europe Make Gains
What a difference a few days make. Stock markets began to rebound strongly in early week trading after the horrendous falls last week. Share prices in the UK had been hit hard, but this mini relief rally was also aided by a weaker British Pound. The British Pound came under pressure on Monday when talk […]
British Pound Stays Strong Whilst The Dollar Remains Weak
The British pound remained strong in early trading this week, especially so versus the US Dollar which remains weak and is consolidating around its recent lows. GBPUSD has managed to trend higher this last month and is now back at the levels seen in early July. There could be some resistance around the 1.31 to […]
British Pound Makes Gains on Brexit News Ahead of US Non Farm Payrolls
Yesterday the British Pound made gains across the board as word surfaced that progress towards an agreement on Brexit is being made. Instantly the Pound surged against all other currencies. The main gains were made against the US Dollar with weaker than forecast trade balance data arriving on US markets opening. While a final deal […]
Gold Price at 12 Month Lows with Non Farm Payrolls to Land
After several negative weeks and months Gold prices are sitting at their lowest point in over a year. The Federal Reserve opted to hold rates on Wednesday which seen Gold sell off further and approach this very important level of $1200. The US Dollar remains strong, as it has since early April this year, whilst […]
US Dollar Reaches its Highest in Seven Months Vs. the Japanese Yen
The greenback gained versus its major rivals on Wednesday while reached its record high in seven months against the Japanese yen. The single currency also declined in reaction to weaker than expected euro zone economic data. The greenback jumped to 80.24 against the Japanese yen on Wednesday as compared to 79.73 on Tuesday’s late trading […]
Euro Gains as European Partners Decide to Finalize the Bailout Package for Greece by Next Week
The euro gained on Friday in reaction to the news that Greece’s European partners will finalize a deal for the second bailout package by the next week. Director of currency research, Boris Schlossberg from GFT commented, “The euro rose as markets became convinced that the ongoing negotiations for the Greek bailout will finally conclude next […]
Weekly Forex Outlook
Major economic events which have a significant impact on the forex markets for the week ending January 27th, 2012 are as under: On Monday January 23rd, 2012, report on consumer confidence was released in euro zone. In Canada, index of leading economic indicators was released while in Australia, government data on producer price inflation was […]
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