Pound Sterling (GBP)

EURGBP tests resistance The pound tumbled after the BoE expressed concerns of a prolonged recession. On the daily chart, the near 3-month long consolidation might have come to an end after a bullish candle above 0.8650. The surge is…
Read More

There is a pretty firm consensus that the BOE will hike by another 75bps. But, given recent events in the markets, many analysts are hedging their bets a bit. Particularly when it comes to the vote, which in many cases has more of an impact…
Read More

EURGBP breaks key resistance The pound tumbles as the UK’s August retail data disappoint. The buying pressure has been building up under June’s peak at 0.8720. The breakout prompted the last sellers to cover. As the euro’s rally gains…
Read More

The internal structure of the GBPUSD currency pair suggests the formation of a global triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z takes the form of a primary triple…
Read More

GBPUSD finds support The pound bounces back as Britain’s core CPI stayed stubbornly high in August. The sharp decline came to a halt at the base of a previous bullish breakout at 1.1480. The RSI’s oversold condition attracted some…
Read More

EURGBP tests support The pound inched higher as Britain’s retail sales showed a smaller-than-expected contraction in May. The euro came under pressure at 0.8640 for lack of momentum. The bulls have sought support in the demand zone…
Read More

GBPUSD eyes the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Perhaps…
Read More

The GBPUSD has been moving higher. But a quick look at the dollar index suggests that it's largely due to a weaker greenback than a strength in the pound. The GBPEUR cross is largely flat over the last month. Generally negative news from…
Read More