GBP/USD

The GBP/USD is trading in a sideways trend capped in a tight trading range of 1.2600-1.2700. The Christmas holiday-thinned trading is expected to keep the currency in a current trading range. The GBP/USD is trading up 0.3 percent at around 1.2660 with currency market moves limited with traders...

The GBP/USD is trading on the upside after the US and China signed temporary trade war truce agreement and Risk-on mood saw US Dollar retreating lower. The UK manufacturing PMI rose unexpectedly strongly to 53.1 in November, up from 51.1 in the previous month but had no market impact. The UK...

The UK Chancellor of Exchequer Phillip Hammond joined the debate before the Brexit deal parliamentary vote saying this is the best plan available. The GBP/USD is stuck to mid 1.2700s, just of November 15 lows. The GBP/USD trades close to the lower boundary of the broader range ahead of December 11...

Spain said it will vote against the Brexit agreement asking for the text amendments to Gibraltar proposal. The plan of the UK Prime Minister Theresa May to scrap the Irish backstop to win the approval for Brexit agreement makes hardline Brexiteers angry. The Brexit uncertainties keep Sterling bind...

The Brexit agreement is out with UK government standing behind Prime Minister May, but Brexit Secretary Raab steps down. The question is if Theresa May is able to get the Brexit agreement postponing the Irish border solution passed in parliament and survive a potential no-confidence vote. The...

The GBP/USD is trading up 0.4 percent at around 1.2900 ahead of the UK labor market data after slumping more than 1 percent on Monday on escalating Brexit uncertainty. The UK pay growth is expected to accelerate with total pay rising 3.0 percent y/y. The GBP/USD currency pair needs to close the...

Junior coalition Unionist party said it will not support a Brexit deal leaving Northern Ireland separated from the rest of the UK. Earlier this week the UK Cabinet was invited to study the Brexit agreement without the crucial part on the Irish border that is being negotiated in Brussels. The UK...

The UK Cabinet was invited to study the Brexit agreement without the crucial part on the Irish border that is being negotiated in Brussels. After breaking above the resistance zone of 1.3085-1.3100  the GBP/USD now targets 1.3200 representing a 50 percent Fibonacci retracement of a post-...

For once it was not the Brexit headline that pushed currencies to move, but the US Mid-term elections that saw Democrats locking the House while Republicans retained the Senate. The Halihaf house price index decelerated in October to 1.5 percent y/y from the growth rate of 2.5 percent in September...

The GBP/USD is trading little changed above 1.2800 after falling to the 7-week low of 1.2795 on Thursday. The rumors of deep division within Theresa May’s Cabinet and Brexit negotiating team surfaced. The GBP/USD is set to suffer further fall should the US third-quarter GDP surprise on the...

Brexit negotiations remain stuck, four months ahead of Brexit Day. Postponing the decision is becoming a viable option. The Pound could rise in case a hard Brexit is averted. The European Union and the United Kingdom have made significant progress on a wide range of issues in the Brexit...

The GBP/USD fell 0.5 percent to trade at October 2018 low of below 1.2920 as the Brexit impasse continues. Almighty UK press reports that Prime Minister Theresa May has "lost control" over her government after the EU Brexit summit fail. The GBP/USD is trapped in a downward sloping trend...

GBP/USD is correcting towards 1.3000 after 130 pips slump on Monday that saw the market selling all the way down to the target price of 1.2940.  Sterling is still caught in a downward sloping trend with a 55-period moving average acting as a resistance at 1.3020.  The Bank of England...

The GBP/USD slipped as low as 1.3011 on Friday as the combination of Brexit summit failure and UK retail sales slumping -0.8 percent m/m weighed on the currency pair. Although European officials still hope for Brexit deal, a no-deal scenario becomes a serious option. After the 1.3100 key support...

The GBP/USD closed the gap on the downside after the weekend abrupt end to Raab-Barmier meeting. The EU diplomats say that this week’s Brexit summit may not produce a Brexit breakthrough. The GBP/USD will face the Trinity on major UK macroeconomic indicators including labor market report, UK...