FX MARKET REPORT 02.03.2021

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…

FX MARKET REPORT 01.03.2021

GBP/USD faced rejection near the 1.4000 mark and trimmed a part of its intraday gains. An optimistic UK economic outlook…

FX MARKET REPORT 26.02.2021

GBP/USD remained under some selling pressure for the second straight session on Friday. The intraday downtrend managed to find some…

FX MARKET REPORT 25.02.2021

GBP/USD has bounced off the lows as Powell’s dovish message weighs on the dollar. An attack on 1.42 looks imminent,…

FX MARKET REPORT 24.02.2021

GBP/USD consolidates the spike to 1.4234. However, the cautious tone seen around the major could be mainly attributed to the…

FX MARKET REPORT 23.02.2021

Having tested the 1.4100 level in the last hour, GBP/USD is consolidating the latest leg higher around 1.4080, up 0.11%…

FX MARKET REPORT 22.02.2021

GBP/USD is back on the bids in the European session, once again approaching the 1.4050 level to retest the 35-month…

FX MARKET REPORT 18.02.2021

GBP/USD caught some aggressive bids during the early European session. The momentum pushed the pair back above the 1.3900 round-figure…

FX MARKET REPORT 17.02.2021

Cable witnessed some selling during the first half of the trading action on Wednesday and retreated further 34-month tops, around…

FX MARKET REPORT 16.02.2021

GBP/USD is standing out by advancing above 1.39 as the UK reported the lowest number of COVID-19 infections since October…

FX MARKET REPORT 15.02.2021

GBP/USD has paused its two-day rally to 34-month highs above 1.3900, as the bulls gather more energy to start afresh…

FX MARKET REPORT 12.02.2021

GBP/USD near multi-day lows, below 1.3800 mark. Break below the 23.6% Fibonacci. might have paved the way for further weakness.…

FX MARKET REPORT 11.02.2021

GBP/USD witnessed some profit-taking and edged lower during the early European session. The supportive fundamental backdrop should help limit any…

FX MARKET REPORT 10.02.2021

The GBP/USD pair has moved north of 1.3800. The breach of the 1.3800 resistance implies that the GBPU/SD may extend…

FX MARKET REPORT 09.02.2021

The GBP/USD pair has been hitting new multi-year highs, driven by dollar weakness. The cable could surge above 1.38 as…

FX MARKET REPORT 08.02.2021

GBP/USD has been retreating amid hopes for a large US stimulus package but Britain’s virus advantage may send sterling higher.…

FX MARKET REPORT 05.02.2021

The GBP/USD pair, which was last seen trading around the 1.3700 mark amid a modest USD pullback, whose upside is…

FX MARKET REPORT 04.02.2021

GBP/USD pair dropped to two-and-half-week lows, further below the 1.3600 mark and was pressured by sustained US dollar buying interest.…

FX MARKET REPORT 03.02.2021

GBP/USD bulls have managed to defend the critical 21-daily moving average (DMA), now at 1.3648, so far this Wednesday. The…

FX MARKET REPORT 02.02.2021

GBP/USD eases from intraday top while also snapping two-day downtrend. South African virus strain cases without travel history triggered mass…

FX MARKET REPORT 01.02.2021

The GBP/USD pair regained positive traction on the first day of a new trading week and retested multi-year tops, around…

FX MARKET REPORT 28.01.2021

GBP/USD is consolidating the downside below 1.3700 following the FOMC decision-led decline to near the 1.3650 region. EUR/GBP gained some…

FX MARKET REPORT 27.01.2021

GBP/USD seesaws around 1.3730 after refreshing the 32-month high during early Wednesday. The quote initially cheered the market’s optimism surrounding…

FX MARKET REPORT 26.01.2021

The GBP/USD pair remained depressed below mid-1.3600s, or near multi-day lows and had a rather muted reaction to upbeat UK…

FX MARKET REPORT 25.01.2021

GBP/USD surrenders intraday gains, flirts with session lows near 1.3670 area. GBP/USD struggled to preserve early gains and retreated around…

FX MARKET REPORT 22.01.2021

UK Manufacturing PMI misses estimates with 52.9 in Jan. Services PMI in  the UK contracts to 38.8 in Jan, a…

FX MARKET REPORT 21.01.2021

GBP/USD caught aggressive fresh bids for the third consecutive session  on Thursday. The upbeat market mood undermined the safe-haven USD…

FX MARKET REPORT 20.01.2021

The sentiment around the pound remains buoyed by the upbeat UK CPI  figures, with GBP/USD holding the higher ground near…

FX MARKET REPORT 19.01.2021

GBP/USD stays mildly positive while picking up bids above 1.3600,  remaining poised for additional gains amid favourable technicals.  200-HMA and…

FX MARKET REPORT 18.01.2021

GBP/USD is below 1.36. While bears push sterling to oversold conditions,  Britain’s rapid vaccination campaign and optimism about the Biden…

FX MARKET REPORT 15.01.2021

GBP/USD has been hovering below 1.37 as markets digest Biden and  Powell’s speeches. The UK’s vaccination campaign and weak US…

FX MARKET REPORT 14.01.2021

The GBP/USD pair has been torn between optimism about the UK vaccine  rollout and US stimulus hopes. Economists at Credit…

FX MARKET REPORT 13.01.2021

The GBP/USD pair has been advancing amid bond-related dollar weakness  and BoE hawkishness but the initial surge above 1.37 may…

FX MARKET REPORT 12.01.2021

The GBP/USD pair refreshed daily tops, around the 1.3565-70 region. Bank  of England (BOE) Governor Andrew Bailey said that it…

FX MARKET REPORT 11.01.2021

GBP/USD lost critical support at 1.3545 as the cable tumbled down due to  Fed-related dollar strength and the UK’s dire…

FX MARKET REPORT 08.01.2021

MHRA has approved Moderna’s COVID-19 vaccine for use, as reported by  Reuters. The GBP/USD pair was up 0.25% near 1.3600.…

FX MARKET REPORT 07.01.2021

Markets have been shrugging off the storming of the Capitol by  supporters of President Donald Trump. Investors focus on Democrats’…

FX MARKET REPORT 06.01.2021

The USD witnessed some fresh selling during the early European session  and pushed the GBP/USD pair to two-day tops, around…

FX MARKET REPORT 05.01.2021

GBP/USD trims the previous day’s losses with eyes on April 2018 peak at  1.37 level. US dollar drops amid cautious…

FX MARKET REPORT 04.01.2021

GBP/USD trims early Asian gains that refreshed multi-month top to  1.3698, before currently declining to 1.3680, up 0.10% intraday, while…

FX MARKET REPORT 23.12.2020

The GBP/USD pair refreshed daily tops, around the 1.3415 region in the last, albeit quickly retreated few pips thereafter. The…

FX MARKET REPORT 22.12.2020

A modest pickup in the USD demand prompted some fresh selling around  GBP/USD on Tuesday. The discovery of a new…

FX MARKET REPORT 21.12.2020

GBP/USD added to its steep intraday decline and plunged to over one-week  lows. New coronavirus strains led to fresh lockdown…

FX MARKET REPORT 18.12.2020

GPB/USD struggles near session lows, around 1.3500 mark on no-deal Brexit talks. Fading hopes for a last-minute Brexit deal prompted…

FX MARKET REPORT 17.12.2020

UK Interior Minister Priti Patel, a staunch supporter of Brexit, has said that the talks are in a tunnel and…

FX MARKET REPORT 15.12.2020

The GBP/USD pair held on to its modest gains near session tops, just below mid-1.3300s and had a rather muted…