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…
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,…
GBP/USD consolidates the spike to 1.4234. However, the cautious tone seen around the major could be mainly attributed to the…
Having tested the 1.4100 level in the last hour, GBP/USD is consolidating the latest leg higher around 1.4080, up 0.11%…
GBP/USD is back on the bids in the European session, once again approaching the 1.4050 level to retest the 35-month…
UK Manufacturing PMI beats estimates with 54.9 in Feb. Services PMI in the UK jumps to 49.7 in Feb, a…
GBP/USD caught some aggressive bids during the early European session. The momentum pushed the pair back above the 1.3900 round-figure…
Cable witnessed some selling during the first half of the trading action on Wednesday and retreated further 34-month tops, around…
GBP/USD is standing out by advancing above 1.39 as the UK reported the lowest number of COVID-19 infections since October…
GBP/USD has paused its two-day rally to 34-month highs above 1.3900, as the bulls gather more energy to start afresh…
GBP/USD near multi-day lows, below 1.3800 mark. Break below the 23.6% Fibonacci. might have paved the way for further weakness.…
GBP/USD witnessed some profit-taking and edged lower during the early European session. The supportive fundamental backdrop should help limit any…
The GBP/USD pair has moved north of 1.3800. The breach of the 1.3800 resistance implies that the GBPU/SD may extend…
The GBP/USD pair has been hitting new multi-year highs, driven by dollar weakness. The cable could surge above 1.38 as…
GBP/USD has been retreating amid hopes for a large US stimulus package but Britain’s virus advantage may send sterling higher.…
The GBP/USD pair, which was last seen trading around the 1.3700 mark amid a modest USD pullback, whose upside is…
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.…
GBP/USD bulls have managed to defend the critical 21-daily moving average (DMA), now at 1.3648, so far this Wednesday. The…
GBP/USD eases from intraday top while also snapping two-day downtrend. South African virus strain cases without travel history triggered mass…
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 29.01.2021 By sueyangfx.com
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…
GBP/USD seesaws around 1.3730 after refreshing the 32-month high during early Wednesday. The quote initially cheered the market’s optimism surrounding…
The GBP/USD pair remained depressed below mid-1.3600s, or near multi-day lows and had a rather muted reaction to upbeat UK…
GBP/USD surrenders intraday gains, flirts with session lows near 1.3670 area. GBP/USD struggled to preserve early gains and retreated around…
UK Manufacturing PMI misses estimates with 52.9 in Jan. Services PMI in the UK contracts to 38.8 in Jan, a…
GBP/USD caught aggressive fresh bids for the third consecutive session on Thursday. The upbeat market mood undermined the safe-haven USD…
The sentiment around the pound remains buoyed by the upbeat UK CPI figures, with GBP/USD holding the higher ground near…
GBP/USD stays mildly positive while picking up bids above 1.3600, remaining poised for additional gains amid favourable technicals. 200-HMA and…
GBP/USD is below 1.36. While bears push sterling to oversold conditions, Britain’s rapid vaccination campaign and optimism about the Biden…
GBP/USD has been hovering below 1.37 as markets digest Biden and Powell’s speeches. The UK’s vaccination campaign and weak US…
The GBP/USD pair has been torn between optimism about the UK vaccine rollout and US stimulus hopes. Economists at Credit…
The GBP/USD pair has been advancing amid bond-related dollar weakness and BoE hawkishness but the initial surge above 1.37 may…
The GBP/USD pair refreshed daily tops, around the 1.3565-70 region. Bank of England (BOE) Governor Andrew Bailey said that it…
GBP/USD lost critical support at 1.3545 as the cable tumbled down due to Fed-related dollar strength and the UK’s dire…
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.…
Markets have been shrugging off the storming of the Capitol by supporters of President Donald Trump. Investors focus on Democrats’…
The USD witnessed some fresh selling during the early European session and pushed the GBP/USD pair to two-day tops, around…
GBP/USD trims the previous day’s losses with eyes on April 2018 peak at 1.37 level. US dollar drops amid cautious…
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…
The official announcement on a likely Brexit deal could be delayed by a minimum of a couple of hours, as…
The GBP/USD pair refreshed daily tops, around the 1.3415 region in the last, albeit quickly retreated few pips thereafter. The…
A modest pickup in the USD demand prompted some fresh selling around GBP/USD on Tuesday. The discovery of a new…
GBP/USD added to its steep intraday decline and plunged to over one-week lows. New coronavirus strains led to fresh lockdown…
GPB/USD struggles near session lows, around 1.3500 mark on no-deal Brexit talks. Fading hopes for a last-minute Brexit deal prompted…
UK Interior Minister Priti Patel, a staunch supporter of Brexit, has said that the talks are in a tunnel and…
Von der Leyen: there is a path to an agreement; GBP/USD nears 1.3479/83. Brexit to knock around 5% off UK…
The GBP/USD pair held on to its modest gains near session tops, just below mid-1.3300s and had a rather muted…