Pound Sterling (GBP)

Inflation data for the UK released earlier today showed no major surprises, with the sub-components coming more or less in line with expectations. The annualized core CPI increased 1.20%, less than 1.30% and down from 1.40% previously.…
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GBP/USD 1.4260 Market managed to obtain drop correction after breaking the rising wedge formation where we anticipated drop toward 1.4130 zone before a rebound market have chance to continue the uptrend correction toward 1.4525 zone…
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The British Pound had a not so good start in 2016 with the weakness from the last quarter of 2015 continuing to remain strong and steady. The Bank of England meets today for its first monetary policy meeting of the year and expectations are…
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With the first trading week of the New Year, 2016 underway, it’s back to business for the markets at large. Last year witnessed the historic Fed rate hike liftoff, and the focus into the next year brings about some interesting questions as…
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The October FOMC meeting minutes which were released yesterday showed a consensus being built among the Fed members as the December rate hike decision looms. Most of the Fed members were of the opinion that the US economy was ready for a…
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The Single currency's decline in the past week is evidence of a major pricing in factor ahead of the December ECB meeting. The single currency declined nearly -5.62% against the British Pound while losing -6.27% to the US Dollar over the…
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The markets are all about the BoE today as the Central Bank meets in an hour from now. The BoE monetary policy announcement will be followed by the release of the MPC minutes and the quarterly inflation report. Continuing global economic…
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GBPUSD 1.5470 British pound managed to back to re-test resistance zone 1.5510 after U.K Manufacturing PMI. so far market still capped below resistance 1.5510 which giving ability for another drop toward 1.5360-80 zone above…
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The Office of National Statistics (ONS) will be releasing the monthly jobs data for the UK today at 0830GMT. The median estimates from economists polled, expect to see the UK unemployment rate remain steady at 5.6%, unchanged from last…
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In the US, Fed has decided with 100% of votes that the interest rate should be kept at the same level as in the past months. Although the decision was widely debated in the statement, there are no hints about a future lift-off. The target…
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