GBP/USD

The US Dollar trades lower against majors amid global equity market selloff. The GBP/USD retreated from 1.3244 high to below 1.3200 ahead of the Bank of England Governor Mark Carney speech. The EU chief negotiator Michel Barnier said 85 percent of Brexit deal is settled. The Bank of England chief...

The GBP/USD slid below mid 1.3100s after being boosted by Brexit deal optimism. The UK manufacturing output fell -0.2 percent m/m in August compared to a 0.1 percent rise expected. Monthly UK GDP remained unchanged in August, missing the market prediction. The Brexit deal optimism boosted GBP as...

The GBP/USD slides lower to trade below 1.3100 with US benchmark Treasury yields rising to April 2011 high of 3.25 precent. The confluence of 100-day moving average and 38.2 percent Fibonacci retracement line represents a key resistance area. The GBP/USD is trading within a range of a 50-day and a...

A 50-day moving average at 1.2972 on a daily chart turns resistance after as Sterling slides on the indication of Fed hiking further.  The UK Prime Minister national Tory convention speech called for unity in Brexit negotiations with the UK ready for no deal Brexit if concessions are not met...

GBP/USD trades 0.5 percent lower on Tuesday with Tory party conference likely to produce more Brexit related headlines that weigh on currency.  The UK construction PMI fell short of market expectations to a 6-month low of 52.1 in September but macro data are having little effect on Sterling....

GBP/USD trades little changed on the upside as UK manufacturing rose above expectations. The Tory party disputes weigh on Sterling as party leadership is questioned weeks before the key Brexit deal with the European Union. 50-day and 100-day moving averages serve as support and resistance for now...

The GBP/USD is extending its losses, trading at the 1.3000 handle. Concerns about Brexit, a disappointing GDP, and threats to the government weigh. The technical picture looks more bearish than it used to. The GBP/USD is battling 1.3050, trading lower and extending its drops. Brexit negotiations...

The GBP/USD is stuck in a narrow range as the Fed decision is awaited. Brexit headlines continue, but they need to be dramatic to move the pair. The technical picture is improving for Sterling. The GBP/USD is trading in the upper half of the 1.3100 handle and not going anywhere fast. Range...

The GBP/USD is ticking up in range, rising on USD weakness. German Chancellor Merkel joins the chorus about Brexit. The technical picture is not that great for the pair. The GBP/USD is trading at 1.3150, slightly higher on the day. The US Dollar is losing some ground after strengthening earlier....

Sterling rose to a 2-month high boosted by the UK retail sales data and general Dollar weakness with the unofficial Brexit summit ahead in Salzburg, Austria. Sterling is expected to test the 1.3325 level representing 38.2 percent Fibonacci retracement of the slide from 2018 high. The GBP/USD is...

The headline UK CPI rose to 2.7 percent y/y beating the expectation of decelerating to 2.4 percent y/y in August. Core inflation also accelerated to 2.1 percent y/y in August. The upside surprise on the UK inflation pushed Sterling past 1.3200 level to fresh 7-week high. Sterling is trading up 0....

UK inflation is closely watched by the BOE and moves the British Pound. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The GBPUSD moved, on average, nine pips in the 15 minutes after the data release and 32 pips in the following 4 hours...

PM May is toughening her position ahead of key events. It may preempt a total surrender after the Conservative Party Conference in Birmingham. The GBP/USD may fall on the headlines now but could soar if things improve afterward. UK Prime Minister Theresa May said that "it's either my...

GBP/USD is trading at 1.2186, up 0.0030. The U.K. Office for National Statistics ( ONS) reported that U.K. unemployment improved to 4.7 percent during January from 4.8 percent in December. Earnings, excluding bonuses rose by 2.3 percent versus 2.6 on the previous report. The number of people on the...

GBP/USD is trading at 1.2148, down 0.0057. The pair is trading rangebound as overseas forex traders wind down trading for the day. Market talk about recent comments from U.K. policy makers and headline news has kept buyers and sellers active. Chatter about U.K. economic data due out Wednesday...