Pound Sterling (GBP)

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…
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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…
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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…
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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.…
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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…
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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…
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Dollar Cut Short on Jobless Numbers The US index halted its recent ascent as it closed 0.33% lower on Thursday. The greenback slumped after the US government reported a larger than expected reading for initial jobless claims.…
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Dollar Bounces Higher The dollar index rose by a further 0.22% yesterday as it flirted with the 91 handle, its highest level in over a week. Retail sales for January rose 5.3% on a month-over-month basis versus expectations of 1.1%.…
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Dollar Reprieve, But for How Long? The greenback reversed by 0.28% yesterday, bouncing of the 90 handle. Investors have gained confidence about Biden’s proposal being voted on by the end of the month. However, analysts were quick to…
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President’s Day Doesn’t Halt Dollar Decline The US index closed 0.10% lower on Monday as it continued its bearish tone. Analysts still back an extended period of weakness for the greenback into 2021, on the back of Fed’s commitment to…
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