FX MARKET REPORT 06.10.2020
GBP/USD trades modestly flat around 1.2985, stuck in a range around 1.2980-1.3000. EUR/USD now looks to 1.1830. Dollar Index was…
GBP/USD trades modestly flat around 1.2985, stuck in a range around 1.2980-1.3000. EUR/USD now looks to 1.1830. Dollar Index was…
The GBP/USD pair lifted above 1.2900 on headlines that the UK and EU will persist with Brexit negotiations, given the…
The GBP/USD pair rallied over 100 pips from daily swing lows and jumped to the 1.2940 region during the early…
GBP/USD juggles with the recovery moves from 1.2913 between 1.2930 and 1.2940 while heading into the London open. The pair…
GBP/USD navigates within the 1.2750-1.3000 range despite UK final GDP revised up to-19.8% QoQ in Q2. EUR/USD now looks to…
GBP/USD keeps bounces off 1.2836 to print a two-day winning streak. Cable is now forecasted to navigate within the 1.2750-1.3000…
GBP/USD probes the upper end of 1.2830/50 trading range. The Cable benefits from the weekend headlines suggesting brighter odds of…
Cable is seen attempting a consolidation move ahead of a potential drop to the. Mid-1.2600s. The pair GBP/USD has remained…
GBP dropped to a low of 1.2676 yesterday before rebounding to close little changed at 1.2726 (-0.06%). UK Finance Minister…
GBP/USD is currently trading just below the 1.27 hurdle whilst further GBP weakness is not ruled out but in view…
GBP/USD looks to be back under pressure as the market is seeing dollar strength across the board. The pair is…
GBP traded sideways between 1.2914 and 1.2999. The underlying tone has weakened and from here, GBP could drift lower to…
GBP/USD has been rising amid fresh Brexit hopes and despite the Bank of England’s dovish shift. On Friday, speculation about…
GBP/USD staged a solid comeback on the 1.2900 level so far this Thursday, although the bulls now appear to lack…
GBP lacks firm directional bias and seesaws between tepid gains/minor losses. GBP/USD holds steady below 1.2900 mark, BOE Readies for…
The GBP/USD pair is trading near daily highs just below the 1.29 level, up 0.36% on the day. The downtrend…
GBP/USD to bounce from 200-DMA at 1.2735 ahead of further losses – Commerzbank. Goldman Sachs says pound levels now attractive.…
The GBP/USD pair held on to its modest gains around the 1.2800 region and had a rather muted reaction to…
Sterling continues to weaken this week as market participants move quickly to price in more of a Brexit risk premium.…
GBP/USD seesaws in a choppy range between 1.2920/40. AstraZeneca, China data news trigger risk reset. EUR/USD has reversed higher from…
The pound has continued to underperform amidst more risk-averse trading conditions. It has resulted in EUR/GBP rising back towards the…
GBP/USD faces a mixed outlook, a break of the low at 1.3176 appears unlikely. Resistance is at 1.3290 but the…
GBP/USD drops to 1.3328, down 0.17% on a day, while heading into the London open on Thursday. In doing so,…
GBP/USD drops to 1.3328, down 0.17% on a day, while heading into the London open on Thursday. In doing so,…
GBP/USD: Keeps losses from yearly top below 1.3400, BOE’s Bailey eyed. EUR/USD: Ingredients are in place for a resumption of…
GBP/USD clocks in fresh 2020 high above 1.3400, eyes UK/US PMIs, Brexit talks. EUR/USD is trading closer to 1.20, a…
GBP/USD defies the previous day’s pullback from yearly high of 1.3284, stays bid near intraday top. Brexit woes, surge in…
GBP/USD extends the Asian consolidative mode into the European session on Thursday, having witnessed a sharp rise to 1.3220 levels…
An upside break of 1.3200 for GBP/USD will challenge the monthly high, also the yearly top, near 1.3270 and December…
The GBP/USD pair lost more than 100 pips on Friday and staged a rebound at the start of the week.…
GBP/USD plummets to session lows, around 1.3100 mark amid notable USD demand. EUR/USD extends slide to weekly lows near 1.1750,…
GBP/USD now seen between 1.3000 and 1.3230 – UOB.EUR/USD goes for a small break above 1.20 for the rest of…
UK CPI rose 1.0% YoY in July as compared to +0.6% expected. Meanwhile, the core inflation gauge (excluding volatile food…
GBP/USD seesaws in a choppy range between 1.3120 and 1.3137, currently around 1.3128. EUR/USD faces further upside if close above…
GBP/USD has been retreating amid diverging disease curves across the Atlantic, yet other factors such as rising US yields and…
GBP popped to a high of 1.3125 before dropping back down. Momentum indicators are turning ‘neutral’ and for today, GBP…
GBP/USD snaps two-day losing streak, capped around 1.3075 off-late. GBP/USD faces strong resistance at 1.3115. Germany’s new cases continue to…
GBP/USD off lows, still on the defensive below mid-1.3000s post-UK macro data. EUR/USD is holding the lower ground near 1.1715,…
GBP/USD struggles for direction near 1.3070 post-UK data. EUR/USD: Wind blows strongly in favour of the dollar and moderately against…
GBP/USD picks up the bids near 1.3070, up 0.16% on a day, while heading into the London open on Monday.…
GBP/USD losses momentum at the 1.3165 five-year resistance line. The EUR/USD pair is trading at 1.1844, representing a 0.28% decline…
GBP/USD has hit 1.3183, the highest since March, showing that the BoE’s decision includes powerful punches, propelling the pound. GBP/USD…
GBP/USD gained further losses on a breakdown of the 1.2970 level overnight however snapped the losing streak ahead of UK…
GBP/USD bears catch a breather after a two-day losing streak, pullback from 1.3000 be the key. GBP/USD stays depressed following…
GBP/USD has hit the highest since March amid a massive dollar sell-off and the cable has stabilized under 1.31 after…
GBP/USD rises to 1.3130, up 0.26% on a day, and is on course for the five-year resistance line at 1.3175.…
GBP/USD is on the back foot as the Federal Reserve’s dovish decision triggered a false break above 1.30. EUR/USD could…
GBP has moved away from last key resistance $1.2520, climbing to the 1.29 level overnight. The euro obtains the smile…
GBP/USD revisits sub-1.2900 area amid US dollar pullback. EUR/USD drops to 1.1722 from 1.1773 on broad-based dollar recovery. Dollar Index…
The heavily offered tone surrounding the USD assisted GBP/USD to add to last week’s gains. The bullish bias around the…