Category: GBP News

British Pound News and Analysis from varies Financial media, we summarize all GBP news into a sitemap summary with link to related GBP News for the one who wanted to catch up British Pound price change in timely manner.

Cable perks up after early drop

Sterling trims lossesCable is now down just 20 pips on the day to 1.3570 after falling as low as 1.3520.The main focus today is EUR/GBP as it rebounds from a key support level. That's weighed on GBP more broadly.I wrote on the weekend about how it looks like the UK is gaining the upper hand on covid. We'll get some new data at the top of the hour....

Sterling (GBP) Weekly Forecasts: GBP Supported by Covid Vaccination Hopes

Sterling (GBP/USD and EUR/GBP) Price, Analysis and Charts:GBP/USD – Two steps forward, one step back. EUR/GBP continues to press against multi-month support. Recommended by Nick Cawley Download our Q1 Sterling Forecast Get My Guide The British Pound nudged higher over the week across the board and this pattern is expected to continue in the weeks ahead as traders watch the UK’s Covid-19 vaccination plan to see if the...

The pound was the top performer this week

GBP narrowly beats out JPY and USDIt was a tight race at the top of the FX charts this week that grew much tighter after today's drop in cable.Yet sterling has managed to hang onto its title, at least so far. It's a few pips higher on the week versus the yen and US dollar. Cable has risen in 9 of the past 11 weeks in a 640...

British Pound Latest – Sterling Underpinned by GDP Data, US Announce USD1.9 Trillion Stimulus …

Sterling (GBP/USD) Price, Analysis and Chart:UK GDP not as bad as feared.US President-elect Joe Biden announces a USD1.9 trillion stimulus package. Advertisement The UK economy performed better-than-expected, data released showed. The latest GDP data was stronger than market forecasts, while last month’s prints were also revised higher, despite the Covid-19 lockdowns. According to the Office for National Statistics, corona restrictions impacted the drinks manufacturing and services industries, but...

British Pound Forecast: Bullish Breakouts on Pace, or At Least on Precipice – Levels for GBP/J …

Advertisement British Pound Forecast Overview:With the good comes the bad, and vice-versa, for the British Pound. But a look at both the GBP/JPY and GBPUSD rates charts shows that the British Pound has been mostly sidestepping these growing risks.GBP/JPY rates are continuing with their bullish breakout, while GBP/USD rates may not be far behind.Retail trader positioning suggests a bearish bias to GBP rates.Sterling Sidesteps Growing Risks2021 has been...

EUR/GBP Price Analysis: Will Recent Pound Momentum Break Key Support?

EUR/GBP Analysis:Surging Sterling has pushed EUR/GBP lower, approaching a key area of support Upcoming risk events: UK GDP, UK/EU inflation data followed by ECB rate decisionBearish contrarian outlook: Large divergence between client positioning and momentum suggests selling may continue Advertisement Sterling Surged Forward after BoE Allays Concerns of Negative Interest RatesSterling has strengthened against the US dollar, Japanese Yen and the Euro since Tuesday as the Governor of...

British Pound (GBP) Latest: GBP/USD Stable Ahead of Biden Stimulus Package

GBP price, news and analysis:GBP/USD, along with most of the financial markets, is unlikely to move far this session ahead of an expected speech by US President-elect Joe Biden on his plans to boost the US economy. A report has suggested that his fiscal stimulus package could be as large as $2 trillion.The markets are also waiting for a speech by Federal Reserve Chair Jerome Powell, listening out...

Futures Fall Ahead Of Key Inflation Print On Impeachment Wednesday

The dollar rebounded from Tuesday's selloff, as global markets dropped with S&P futures down 8 points, or 0.2%, to 3,786 trading in a narrow 20 point range since Friday, as investors focused on comments from the Federal Reserve and European Central Bank about the outlook for monetary stimulus. The outlook for Federal Reserve bond purchases was in focus after two Fed officials said there was no rush to...

S&P Futures Rebound Even As Treasury Yields Blow Out Into “CTA Redline” Territory

Global stocks and US equity futures rebounded from the recent selloff as investors paused to assess how much worse the COVID-19 pandemic could get while waiting for a new earnings season on Wall Street to inject fresh direction, even as 10Y yield jumped to new post-covid highs.S&P futures were 0.3% higher, while Europe’s Stoxx 600 Index traded little changed. Oil jumped to a 10 month high as the dollar resumed...

British Pound (GBP) Latest: GBP/USD Steadies After Brief Sell-off

GBP price, news and analysis:After several days of losses, Sterling and other currencies are steadier against the US Dollar Tuesday and are well placed to move higher again.That move lower, and the accompanying rally in the US Dollar, is looking increasingly like a healthy short-term corrective move in the main trend of a lower USD and gains for other currencies against it. Advertisement GBP/USD steadier with other currency...

Canadian Dollar Forecast: USD/CAD Key Support- Loonie Bulls Beware

Canadian Dollar Technical Price Outlook: USD/CAD Weekly Trade LevelsCanadian Dollar updated technical trade levels - Weekly ChartUSD/CAD rebounds off confluence downtrend support – risk for near-term recoveryResistance / bearish invalidation at 1.3056 - Critical support steady at 1.2579-1.2619 Advertisement The Canadian Dollar is down more than 0.6% against the US Dollar into the weekly open with USD/CAD building on a recovery off downtrend support last week. Is this...

Recovering dollar pushes sterling below $1.35 for first time in 2021

By Reuters Staff3 Min Read* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, Jan 11 (Reuters) - The pound was among the risk assets hurt by the recovering dollar on Monday, falling below $1.35 in early trading, as Britain’s chief medical adviser warned that the next few weeks of the pandemic will be the worst yet.Widening U.S. Treasury yields and the expectation...
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