FX MARKET REPORT 17.05.2021
Last week we saw Cable break above the psychological 1.40 level. Though cause for concern is the recent spread of…
Last week we saw Cable break above the psychological 1.40 level. Though cause for concern is the recent spread of…
The GBP/USD pair seems to be in a corrective pullback on Friday, having tested multi-month highs at 1.4166 on March…
GBP/USD edged lower for the second straight session, though lacked follow-through selling. The upbeat UK economic outlook underpinned the British…
GBP has underperformed in Q2 to-date, being the 2nd worst performing G10 currency. We see scope for catch-up with the…
GBP/USD maintains its base above the March highs at 1.4001/17. Economists at Credit Suisse look a move back to 1.4238,…
GBP/USD gained strong follow-through traction for the second straight session on Monday. The Scottish election outlook provided some relief to…
The GBP/USD pair built on its intraday positive move through the first half of the European session and shot to…
GBP/USD: Critical support at 1.3880 appears at risk on BOE, Scottish elections according to Confluence Detector. Sterling ticked up against…
GBP struggles around $1.3900 despite triangle breakout, as the US dollar picks up bids and resumes Tuesday’s uptrend. Ongoing Brexit…
GBP/USD drops to 1.3900 neighbourhood, fresh session lows. EUR/USD set to climb towards the 2021 high at 1.2349 – Commerzbank.…
GBP/USD: Poised to test the March highs at 1.4001/17. EUR/USD has broken key resistance from its March high, 61.8% retracement…
GBP/USD bounces off lows, trades with modest losses just below 1.3900, and witnessed some selling on Wednesday, albeit showed some…
GBP/USD: Boris kills the pound with his words ahead of the Fed. Initial support awaits at the daily low of…
Three British developments set to boost sterling – Optimism about the NI protocol, Britain’s vaccine milestone and bullish BoE comments.…
GBP/USD regained positive traction on Friday and stalled its recent slide from multi-week tops. The prevalent bearish sentiment surrounding the…
GBP/USD set to tackle 1.40, fundamental picture remains favourable for cable bulls. Some resistance awaits at the daily high of…
GBP/USD trades with modest losses, still above 1.3900 mark. The European Internal Market Commissioner Breton has stated that at least…
GBP/USD eases from multi-week tops, flat-lined below 1.4000 mark. Sustained USD selling, upbeat UK jobs report pushed GBP/USD to multi-week…
GBP/USD gained strong positive traction for the sixth consecutive session on Monday. Reduced Fed rate hike bets continued weighing on…
GBP/USD risk looks to be already shifting lower again and below 1.3750 would warn of a retest of key support…
As GBP softened, GBP/USD found solid support in the 1.3670-00 area. However, rebounds are likely to be limited until there…
GBP/USD pair is extending the upside momentum in the early European session, touching the highest level in three days near…
GBP/USD rose 0.1% to 1.3748 after Britain’s economy grew by 0.4% in February from January. The pound is also to…
GBPUSD: Recovers from daily lows near 1.3670 as UK economy gears up for re-opening. GBPUSD cheered up on hopes of…
GBP/USD: Mix of British concerns with a rush to the dollar expose the 1.3670 critical support. EUR/USD struggles at the…
GBP/USD struggled to capitalize on its intraday positive move, despite a softer USD. Concerns over the disruption to the UK’s…
The sharp sell-off in GBP to an overnight low of 1.3802 came as a surprise. While the rapid drop appears…
The sharp sell-off in GBP to an overnight low of 1.3802 came as a surprise. While the rapid drop appears…
GBP/USD to gather stronger downside momentum below 1.3670 – OCBC “The GBP/USD pair range is narrowing to the 1.3700 to…
The GBP/USD pair is trimming losses to head towards 1.3750 on the back of the comments. GBP/EUR remains at the…
GBP/USD has been under mild pressure as US yields boost the dollar. Even if the UK’s immunization campaign somewhat slows…
GBP/USD attracted some dip-buying on Monday and shot to multi-day tops in the last hour. The uptick was led by…
GBP/USD to warn of a more significant correction lower below 1.3779. EUR/USD picks up extra pace and approaches 1.1800. German…
GBP/USD struggled to preserve early gains to levels just above the 1.3700 mark. Sustained USD buying turned out to be…
GBP/USD came under intense selling pressure on Tuesday and dropped to multi-week lows. A strong pickup in the USD demand…
GBP/USD came under intense selling pressure on Tuesday and dropped to multi-week lows. A strong pickup in the USD demand…
GBP/USD: Britain’s covid vaccine achievements to allow the pound to extend its recovery. EUR/USD briefly tests lows in the 1.1870…
GBP/USD managed to regain some positive traction on the last trading day of the week. Retreating US bond yields kept…
The BoE does not hold a press conference and will likely remain silent on yields – and staying mum means…
GBP/USD gained traction on Wednesday and built on the overnight bounce from one-week lows. The uptick was solely led by…
GBP/USD witnessed some follow-through selling for the third straight session on Tuesday. Vaccine fears weighed on investors’ sentiment and benefitted…
GBP/USD struggled for a firm direction and remained confined in a range on Monday. Failures near 1.4000 favour bearish traders;…
GBP/USD witnessed a turnaround from the 1.4000 mark amid resurgent USD demand. Rallying US bond yields underpinned the USD and…
The GBP/USD pair looks to be stabilizing above its 55-day moving average at 1.3761 and weakness stays seen as corrective…
The GBP/USD pair quickly recovered around 25 pips from daily lows and was last seen trading in the neutral territory,…
GBP/USD – 1.3920 is a tough nut to crack for the bulls. GBP/USD briefly recaptures 1.3900 but the further upside…
GBP/USD resists dollar strength but not for too long. The Bank of England (BOE) Governor Andrew Bailey is scheduled to…
GBP/USD hangs near weekly lows, just above mid-1.3800s. GBP/USD witnessed some follow-through selling on Friday amid a broad-based USD strength.…
GBP/USD trades with modest losses below mid-1.3900s. Sustained USD buying prompted some selling around GBP/USD on Thursday. The downside seems…
UK Finance Minister Rishi Sunak will be in the global stoplight as he will deliver his second annual budget for…