FX MARKET REPORT 14.12.2020
GBP/USD has surged above 1.33 after bouncing from the 55-day ma at 1.3137. Nevertheless, the pair still looks at the…
GBP/USD has surged above 1.33 after bouncing from the 55-day ma at 1.3137. Nevertheless, the pair still looks at the…
GBP/USD is again backing away from tough resistance at the 1.3500/1.3540 recent high and December 2019 high. We are alert…
GBP/USD is on the back foot after the Brussels’ Brexit dinner failed to yield a breakthrough. Ongoing talks, now set…
The GBP/USD pair maintained its bid tone through the early European session and was last seen hovering just below daily…
A modest pickup in the USD demand prompted some fresh selling around GBP/USD on Tuesday. Concerns about the ever-increasing COVID-19…
GBP/USD witnessed some follow-through selling for the second consecutive session on Monday. Not so optimistic Brexit-related headlines took its toll…
GBP/USD bulls turn cautious amid the incoming Brexit-related headlines. Hopes for a last-minute Brexit deal, weaker USD helped limit the…
The continuation of the upside momentum in Cable is predicted to meet a tough barrier in the 1.3500/15 area, noted…
GBP/USD was trading above 1.3400 going into European trading, having hit three-month highs at 1.3440 amid broad-based US dollar weakness.…
GBP/USD eases from the intraday high of 1.3366 while trading near 1.3360 during the pre-London open session on Tuesday. The…
The pound is feeling the pull of the gravity on the downbeat Brexit comments, with GBP/USD trading flat at 1.3316,…
GBP/USD’s path of least resistance appears to the upside. The spot charted a bull pennant on the 15-minutes chart. Bullish…
GBP/USD rallied as high as the mid-1.3390s on Wednesday, but has since eased off back to close to 1.3380. The…
GBP/USD remains choppy inside a narrow trading range, currently around 1.3377, while heading into Wednesday’s London open. The pair traders…
GBP/USD prints mild gains above 1.3300, currently up 0.10% around 1.3300, while heading into Tuesday’s London open. GBP/USD is approaching…
GBP/USD rose 0.4% to 1.3329, helped by the AstraZeneca vaccine news. Addiitionally, U.K. Chancellor of the Exchequer Rishi Sunak said…
The UK retail sales came in at 1.2% over the month in October vs. 0% expected and 1.5% previous. The…
GBP/USD fell sharply from above 1.3300 and was last seen trading around 1.3230, down -0.3% on the day. Initial support…
GBP/USD remained well supported by the latest Brexit optimism. Slightly better UK consumer inflation figures remained supportive. GBP/USD keeps gains…
GBP/USD prints three-day winning streak despite easing off-late, trading at 1.3220. The pound could fall as much as 5% against…
GBP/USD at four-day tops, extending its bullish momentum above 1.3200, as US dollar loses further ground. Risk-on mood overshadows discouraging…
Cable is likely to trade between 1.3000 and 1.3250 in the next weeks, noted FX Strategists at UOB Group. GBP/USD…
GBP/USD witnessed some follow-through selling for the second consecutive session on Thursday. Mostly disappointing UK macro data failed to provide…
GBP/USD recedes the upside momentum while declining from the multiday high of 1.3280 to 1.3263, up 0.12% intraday. The pair…
GBP/USD recedes to 1.3160 during the initial hour of Tuesday’s Asian session. The pair refreshed the two-month peak on Monday…
GBP/USD faced rejection near the 1.3200 mark and witnessed a modest pullback on Monday. Comments by Ireland’s Coveney revived no-deal…
The renewed Brexit concerns failed to exert negative impact on the pound, as the BOE’s QE expansion and the Finance…
The GBP/USD pair rallied around 60-65 pips post-BoE announcement and shot to fresh session tops, around the key 1.3000 psychological…
GBP/USD drops to the session low at 1.2920, down 0.4% intraday, while heading into Wednesday’s London open. The Cable earlier…
GBP/USD eyes a firm break above 1.2933 for bulls to take over. Potential falling wedge formation spotted on the hourly…
The GBP/USD pair added to its intraday losses and dived to near one-month lows, around the 1.2855 region during the…
GBP/USD has eroded the uptrend at 1.2928 and was last seen trading at 1.2915, down -0.1% on the day. Commerzbank,…
GBP/USD is holding up better than other currency pairs as the cable looks to regain ground above the 1.3000 level.…
GBP/USD looks to extend its downside consolidation phase below 1.3050 into the European open, as the US dollar clings onto…
GBP/USD is possibly on the verge of a continuation bullish impulse and the bulls are encouraged by the amount of…
GBP/USD pressured towards 1.3000 amid Brexit and virus woes. Dual Brexit and US fiscal stimulus talks continued to dominate cable’s…
GBP/USD weighed down by broad US dollar strength. The pair is on a steady decline so far this Friday but…
GBP/USD consolidates the previous day’s heavy gains while declining to 1.3127, down 0.18% intraday, during the pre-London open trading on…
GBP/USD tested 1.3020 but awaits a fresh catalyst for a sustained move higher. However, the persistent downbeat mood around the…
GBP/USD is in a downside consolidation phase in early Europe this Tuesday, hovering around 1.2950 awaiting a fresh update on…
GBP/USD is building on Friday’s sharp recovery from below 1.2900 so far this Monday, as the bulls remain hopeful of…
50-DMA is the level to beat for the GBP/USD bulls. The cable teasing a symmetrical triangle breakdown on the daily…
GBP/USD is battling 1.3000, as the bulls take a breather ahead of the two-day European Union (EU) Summit, starting today.…
GBP/USD has failed at its corrective target at 1.3070 and is extending Tuesday’s sell-off. The cable trades just above the…
Euro heading below 1.16 By sueyangfx.com
GBP/USD recorded fresh 5-week highs around 1.3080 at the beginning of the week on the back of renewed optimism surrounding…
GBP/USD fails to extend Friday’s upside momentum despite staying above 1.3020. UK PM Johnson up for Australia-style trade deal if…
UK GDP arrived at +2.1% MoM in August vs. +4.6% expected. GBP/USD holds on to modest gains near 1.2950 post-data.…
GBP/USD keeps previous day’s recovery moves from 1.2844. Pubs and restaurants in Northern England go off from next Monday with…
The GBP/USD pair has failed on its initial test of the mid-September high at 1.3008. The market charted an outside…