Pound Sterling (GBP)

Tomorrow there is a host of economic data out of the UK just before the markets open. So, we could be looking at a pretty active session for cable. Out of all the numbers to be released, the one to get the most attention will be the…
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Last week’s highlights RBA surprises with more QE The Reserve Bank of Australia held its monetary policy meeting last week. In a surprise to the markets, the central ramped up its QE purchases. Following the announcement, the Australian…
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There is quite a bit of market anticipation ahead of tomorrow's BOE meeting. In fact, there is the potential for some market-altering announcements. With the interest rate at 0.1%, there has been increasing speculation that the BOE might…
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GBPCHF has seen a choppy price action for the previous quarter, with a failed double top leading prices down to the 1.17 area in the back end of 2020. Since the turn of the new year, the bias has been firmly on the upside as the currency…
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As expected, GBP has rallied considerably after news confirmed that a Brexit deal had been reached. Even before the details of the plan were known! Once the initial euphoria wore off, however, sterling moderated its gains. During the…
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The British pound remains weak as the UK is likely to enter another lockdown. This will limit economic growth and the reaction has been felt in the currency markets. Prices are now trading near the support level of 1.2750. The…
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Challenges Persist for the Dollar The US index continued its fall yesterday. It closed under 93 for a fourth consecutive day. Increased doubts about the durability of America’s economic recovery assisted the decline. In addition,…
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Dollar Takes a Step Back After Recent Optimism The US Index saw a slight progression as the weekly unemployment claims dropped below one million for the first time since March. However, this could not prevent the US index from closing…
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Dollar Keeps Its Handle The US index closed positively for the fourth day in a row as continued talks of a stimulus package remain hopeful. The dollar is reacting to the strong producer price index (PPI) data from the US yesterday. This…
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US Dollar Finds Momentum The US index closed above 93 for the second consecutive day on Monday. This comes after President Trump is looking to bypass congress in the hopes of extending the unemployment benefit relief package. Initial…
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