Monthly: The pair moved higher from the 2016 lows of 1.1905. Levels close to the bespoke resistance at 1.4390 found sellers. April's price action formed a bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 11 months. ...

2018-08-10 Ian Coleman Read more
uk

The Bank of England (BoE) held its monetary policy meeting last week on Thursday. As widely expected, the central bank raised the key lending rate by 25 basis points to 0.75%. This was the second interest rate hike since November 2017. [shortcode-variables slug="learn-forex-basics"] However, the central bank signaled that it was not in a h...

2018-08-07 John Benjamin Read more
UK-Gross-Domestic-Product-BoE

The BoE’s July meeting was a strange affair for many, as the bank pressed ahead with a further .25% rate increase, lifting rates to 0.75% for the first time in a decade, yet the GBP sold off in reaction. So, what actually happened during the meeting and why did the Pound react this way? [shortcode-variables slug="learn-forex-basics"] The b...

2018-08-03 James Harte Read more
Theresa May_Sterling_Brexit

Despite seeing a heavy sell-off in response to the news last week that the Conservative party had failed to gain a majority in the snap elections, called by party leader and PM Theresa May, GBP has since stabilised and had started to rebound higher, before reversing and moving lower again today. So, what is going on? There are two three drivers...

2017-07-26 James Harte Read more
Theresa May_Sterling_Brexit

Theresa May, UK PM. Image via Shutterstock UK PM Turnaround on Brexit Sterling has staged a recovery against the USD climbing by over 2% in response to news that UK PM May is to allow Government to “properly scrutinise” her Brexit strategy. The move, which has been described by a member of the Labour party as a significant “climb down” has p...

2016-10-12 James Harte Read more
Brexit Referendum

Months of campaigning, for and against, the EU membership the nearly 6-months of market uncertainty draws to a close as the UK referendum vote gets underway. Polling stations are expected to be open from 0700 UK time and will close at 2200 UK time June 23rd. British, Irish and Commonwealth citizens, aged 18 and above and those who are residents...

2016-06-23 John Benjamin Read more