GBP News Reviews 

GBP Daily Review December 19, 2018

GBP Daily Review for December 19, 2018 EUR/USD and GBP/USD Forecast December 19, 2018 The Euro rallied initially during trading on Tuesday but gave back quite a bit of gains as the 1.14 level has offered so much in the way of resistance. There…   EUR/GBP Technical Analysis: Descending triangle breakout likely The EUR/GBP pair’s persistent defense of key rising trendline could embolden the bulls to take out the resistance or the upper edge of the descending   GBP/USD rising slowly towards 1.2700, but Brexit remains a roadblock GBP/USD is…

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GBP News Reviews 

GBP Daily Review December 18, 2018

GBP Daily Review for December 18, 2018 EUR/GBP likely to challenge the .9101 August high – Commerzbank Karen Jones, analyst at Commerzbank, suggests that the EUR/GBP cross is expected to challenge the .9101 August high, after last week it eased back to   GBP/USD: Cable Pushes Above 1.2600 Ahead of UK Inflation, BoE The British Pound is continuing to recover losses from last week’s bearish breakout, and this sets the stage for UK inflation and the Bank of   Sterling (GBP) Week Ahead: Brexit, BoE and FOMC on Tap |…

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GBP News Reviews 

GBP Daily Review December 17, 2018

GBP Daily Review for December 17, 2018 Sterling (GBP) Likely to Make Fresh Lows After Latest Brexit Rejection UK PM Theresa May left Brussels empty handed yet again after her attempts to get a legally binding backstop agreement were rebuffed by the EU,   GBP/USD sees aggressive selling below 1.2600 on notable USD demand The GBP/USD pair came under heavy selling pressure on a breach of the hourly 100-SMA support placed at 1.2602 and now prints fresh two-day lows at 1.2   GBP Forecast: A Complete Lack of a Cohesive…

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GBP News Reviews 

GBP Daily Review December 14, 2018

GBP Daily Review for December 14, 2018 Brexit: EU may delay backstop concessions until January according to AFP, GBP/USD pressured The European Union may delay any concessions towards the UK on the issue of the Northern Irish backstop until January. The AFP reports about a prepare   FX Price Action Setups in EUR/USD, GBP/USD, USD/CHF and NZD/USD Compression and congestion setups reign supreme around the US Dollar at the moment, and next week’s FOMC rate decision may provide the fuel for some   GBP/USD Technical Analysis: Cable is trapped in…

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GBP News Reviews 

GBP Daily Review December 13, 2018

GBP Daily Review for December 13, 2018 GBPUSD Forecast: Path of Least Resistance Is Upwards GBPUSD has reacted positively to news of a leadership challenge to UK Prime Minister Theresa May, suggesting more gains to come as Brexit could be   The pound is edging higher as vote on Theresa May’s leadership upends possible Brexit outcomes News of a vote on Prime Minister May’s leadership sent the pound rallying from earlier lows as uncertainty gave way to optimism about a Brexit delay.   GBP/USD: Cable Poses Short-Cover Rally Ahead of…

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GBP News Reviews 

GBP Daily Review December 12, 2018

GBP Daily Review for December 12, 2018 GBPUSD Price Stabilizes, Challenges Key Support Levels The GBPUSD price is more stable Tuesday ahead of several important support levels but any break would send it even lower.   GBPUSD below 1.2500 on no-confidence vote headlines With no official announcement just yet, there are multiple reports citing different sources indicating that the 48-letter threshold has been reached t   GBP/USD Technical Analysis: Cable under heavy pressure at the 2018 low EUR/USD daily chart GBP/USD is trading in a bear trend below the 50,…

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GBP News Reviews 

GBP Daily Review December 11, 2018

GBP Daily Review for December 11, 2018 EURGBP: Trade Completed EURGBP is currently trending a touch lower but support nears and may provide a springboard higher, as two of the markets weaker currencies continue to   Breaking: GBP/USD crashes as May may pull Brexit vote, uncertainty looms, to address Parliament at 15:30 GMT Various British media outlets confirm the rumors that Prime Minister Theresa May will pull the crucial vote on her Brexit deal. She will reportedly   EUR/GBP breaks above 0.9000 as Pound sinks The EUR/GBP cross trades around…

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GBP News Reviews 

GBP Daily Review December 10, 2018

GBP Daily Review for December 10, 2018 Brexit Latest: Rumors and Delays Press Down on Sterling (GBP) Brexit news and rumors continue to constrain Sterling but GBPUSD may get a slight boost if the US jobs report meets current market expectations.   EUR/GBP retreats from highs, keeps the 0.8900 handle EUR/GBP is trading on a firm note at the end of the week, reverting two consecutive sessions with losses albeit still above the 0.8900 barrier. EUR/G   Which Major Faces the Most Risk This Week: Dollar, Euro or Pound Dollar…

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GBP News Reviews 

GBP Daily Review December 7, 2018

GBP Daily Review for December 7, 2018 GBPUSD: Sterling Support Remains Fragile as Brexit Chaos Continues UK PM May is facing rebellion from inside her party and heavy criticism from outside and talk is now circulating that the Brexit vote in   GBP/USD Sentiment is Unable to Provide a Clear Direction The combination of current sentiment and recent changes gives us a further mixed GBPUSD trading bias.   British pound gathers strength on market chatter about a second referendum The British pound rose against its major rivals in the last…

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