FX MARKET REPORT 11.05.2021
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 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…
GBP/USD remains depressed below 1.3900 mark, hangs near 1-1/2-week lows. The USD buying interest picked up pace during the early…
GBP/USD faced rejection near the 1.4000 mark and trimmed a part of its intraday gains. An optimistic UK economic outlook…
GBP/USD remained under some selling pressure for the second straight session on Friday. The intraday downtrend managed to find some…
GBP/USD has bounced off the lows as Powell’s dovish message weighs on the dollar. An attack on 1.42 looks imminent,…