GBP/USD

The GBP/USD is trading little changed on the downside around 1.3030 after rising to a 2-week high. The market expectations of Fed minutes intensifying the feeling of a prolonged period of “patience” and monetary policy standoff weighed on the US Dollar. The UK Prime Minister Theresa...

The GBP/USD is trading little changed on the downside around 1.2910 as the UK unemployment remained at 4-decade low and wages rose less than estimated. Seven members of UK parliament from the opposition Labor party left the party to form an independent group in protest of the party’s slow-...

GBP/USD dropped to the lowest levels since January 15th, when the House of Commons rejected the Brexit deal by a broad margin. Cable is coming down today as Parliament debates the next steps in Brexit and also on USD strength. The technical levels point to further downside.  The Technical...

The UK Labor party backs the Cooper amendment requiring the government to seek the extension of Article 50 in case of a no-deal Brexit.  The UK headline inflation decelerated to 1.8% y/y in January keeping the pressure of the Bank of England to raise the Bank rate amid Brexit uncertainty....

The GBP/USD is trading little changed on the downside at around 1.2930 as the currency pair is trapped in a corrective move lower ahead of the UK Prime Minister Theresa May meeting Irish counterpart in Dublin. Meeting with the European Union officials saw only unconvincing headlines on talks being...

The GBP/USD is trading little changed on the downside at around 1.2900 as the currency pair is trapped in a corrective move lower ahead of the UK Prime Minister May meeting European Commission President Juncker on Thursday. The European Commission President Juncker said that "We cannot...

The GBP/USD is trading little changed on the upside at around 1.2960 as the currency pair is trapped in a corrective move lower ahead of the UK Prime Minister May meeting European Commission President Juncker on Thursday. The UK Prime Minister Theresa May set herself a deadline for February 13 to...

The GBP/USD is trading little changed on the downside around 1.3020 as the currency pair is trapped in a corrective mode lower amid Brexit uncertainty. The UK junior coalition DUP leader Foster said she raised opposition to the backstop repeatedly with Prime Minister Theresa May. The UK services...

GBP/USD is consolidating around 1.31 amid growing Brexit uncertainty. Tension towards the US NFP limits volatility which could erupt later on. The chart shows that cable is trading in a narrowing wedge. ​​​​​​GBP/USD is trading around 1.3100, confined to a narrow range. Such limited movements are...

The GBP/USD is trading back above 1.3100 level after dovish Fed saw US Dollar falling across the board. The European Union officials unanimously voiced reluctance to re-open the Brexit deal negotiations with the UK Prime Minister May. With 57 days before the UK leave the European Union, the clock...

The GBP/USD is trading little changed on the downside at around 1.3070 after the UK parliament voted for amendment appointing the government to re-negotiate the Brexit deal with the EU. Goldman Sachs analysts increased chances of a no-deal Brexit to 15% from 10% prior to UK parliament vote. The...

The GBP/USD rose to 1.3214, the highest level since October 16 last year backed by rising hopes of avoiding hard Brexit scenario. The UK Prime Minister Theresa May privately the government members that the UK will avoid the hard Brexit. The European Commission has proposed arrangements on aviation...

The United Kingdom is expected to leave the European Union next March 29th, but as of now, no Brexit deal has been reached and approved by the UK Parliament. Next Tuesday, January 29th, a Plan B presented by PM Theresa May is set for debate and vote. Prior to it, our staff of chief analysts...

The GBP/USD is trading on the downside sliding from near 1.3100 level after runup backed by market hoping for delay or no Brexit at all. The European Union’s Moscovici said the EU supported the idea of the second Brexit referendum saying it would be fully “legitimate”. ...

The GBP/USD is boosted to mid-1.2900s on delayed Brexit hopes. The Bank of England Deputy Governor Ben Broadbent is scheduled to speak at the London School for economics. The political disputes about the future continue with the opposition Labor party pushing for the second referendum. Looks like...