GBP

GBPUSD slides on cautious sentiment The pound slowly recovers while traders remain wary of the UK’s end of Covid-related restrictions. The sterling has weakened across the board as Delta cases surged in recent days. The combination…

GBPUSD bounces off Fibonacci level The better-than-expected UK CPI in June has lifted the sterling across the board. Price action has seen strong support above 1.3730, a critical demand zone on the daily chart. After the initial…

Coming up we have some data that could underscore how different the post-covid recovery has been across the world. There is a gap in the economic situation among various countries, which is an excellent opportunity to look for potential…

GBPUSD attempts reversal The pound jumps higher as the US dollar weakens across the board, post-NFP. The bullish RSI divergence was a warning that the sell-off had lost steam. The rally above 1.3820 suggests that sellers have…

GBPUSD retreats for support The sterling retreated after a dovish BOE kept its policy unchanged, despite higher inflation. The pair has bounced off the key support at 1.3800 on the daily chart. The break above 1.3900 suggests the…

It's not surprising that UK employment figures are one of the most tracked data points at the moment. Expectations are for the BOE to be the first of the major banks to draw down their support for the economy after the pandemic. And we…

The markets were quite shocked with the results of NFP on Friday. But as we suggested as early as last Tuesday, there was reason to expect disappointment. This has led some analysts to start to revise their outlook for growth in the US.…

Recently, the pound has been on the backfoot after surging forward during most of the year. A couple of fundamental issues have had a hand in this, plus at least one important technical one. The question for traders now is whether…

Tomorrow and Wednesday we have a couple of the most important data releases for the pound this month. The general trend for the currency right now is pretty much down to expectations around the covid recovery. BOE officials have stressed…