GBP News Reviews 

GBP Daily Review June 26, 2019

GBP Daily Review for June 26, 2019 EUR/GBP drops and test the vicinity of 0.8900 on EUR selling The now selling mood around the shared currency is dragging EUR/GBP to test the proximity of the 0.8900 handle, although meeting quite decent contenti   Sterling Dollar Price Chart: GBP/USD Recovery Fails at Yearly Open Sterling turned from yearly open resistance today & leaves the recent advance vulnerable into the June close. Here are the levels that matter on the GBP/USD price chart.   GBP/USD: Net-Long Positions decrease by 20.2% from Last…

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GBP News Reviews 

GBP Daily Review June 25, 2019

GBP Daily Review for June 25, 2019 GBP/USD refreshes session lows, once again fails near 1.2760 supply zone The GBP/USD pair quickly retreated around 40-45 pips during the early European session and dropped to fresh session lows, around the 1.2630-20 region   EUR/GBP forecast at 0.90 over the summer – Danske Bank Analysts at Danske Bank, expect the EUR/GBP pair to trade near 0.90 over the summer but the risk of moving towards 0.91 has clearly diminished as the   GBP/USD technical analysis: Cable holding above 1.2700 handle GBP/USD is…

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GBP News Reviews 

GBP Daily Review June 24, 2019

GBP Daily Review for June 24, 2019 USDCAD and EURGBP Technical Set-ups, Both Looking Weaker Ahead USDCAD has an interesting longer-term outlook which could lead to short-term set-ups, while EURGBP could be on its way lower next week.   GBP/USD drops to session lows, around mid-1.2600s The GBP/USD pair extended its steady intraday decline from levels beyond the 1.2700 handle and dropped to fresh session lows in the last hour. The pai   EUR/GBP retakes the 0.8900 handle and above The softer tone in the Sterling in combination with the…

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GBP News Reviews 

GBP Daily Review June 21, 2019

GBP Daily Review for June 21, 2019 GBP/USD ticks lower to 1.2700 mark after BoE lowers Q2 GDP estimate The GBP/USD pair trimmed a part of its early strong gains to over one-week tops, albeit remained well bid near the 1.2700 handle post-BoE announcement   BoE leaves policy rate unchanged at 0.75% with unanimous vote as expected, GBP weakens In a widely expected decision, the Bank of England’s Monetary Policy Committee held the policy rate unchanged at 0.75% with a unanimous vote. The asse   Breaking: BOE sends GBP/USD down…

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GBP News Reviews 

GBP Daily Review June 20, 2019

GBP Daily Review for June 20, 2019 Sterling Price Outlook: GBP/JPY Eyes a Multi-Month Low as Sell-Off Continues GBP/JPY at its lowest levels since the start of the year.   GBP/JPY technical analysis: Move beyond mid-136.00s (38.2% Fibo.) to pave way for additional recovery Meanwhile, technical indicators on the 1-hourly chart have been gaining positive traction and also recovered from the negative territory on the 4-hour   EUR/GBP meets support near the 0.8900 handle post-CPI The now better tone in the Sterling is forcing EUR/GBP to leave the area of…

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GBP News Reviews 

GBP Daily Review June 19, 2019

GBP Daily Review for June 19, 2019 FTSE 100 vs FTSE 250: Impact of GBPUSD and Brexit Outlook FTSE 100 vs FTSE 250: Impact of GBPUSD and Brexit Outlook   Sterling (GBP) Gripped by UK Leadership Vote, Hard Brexit Fears GBPUSD continues to struggle around 2019 lows as the second round of voting for the Conservative leadership continues with the result expected late afternoon. And Brexiteer Boris Johnson, is currently a huge odds-on favorite for the role.   GBP: Boris Johnson Inches Closer to Topping Tory Leadership Vote The second…

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GBP News Reviews 

GBP Daily Review June 18, 2019

GBP Daily Review for June 18, 2019 EUR/GBP sidelined around 0.8900, looks to UK politics, Brexit The broad-based sideline theme in the global markets on Monday is also taking EUR/GBP to extend the consolidative mood around the 0.8900 handle. EUR/G   GBP/JPY technical analysis: Rebounds to 23.6% Fibo./descending channel confluence hurdle The top end of the mentioned trend-channel coincides with 23.6% Fibonacci retracement level of the 138.33-136.48 recent slide, which should now act as   GBPUSD Bounces Off Key Trendline Support from Flash Crash Low – US Market Open GBPUSD…

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GBP News Reviews 

GBP Daily Review June 17, 2019

GBP Daily Review for June 17, 2019 Crude Oil Prices May Fall as Soft US Data Compounds Risk Aversion Crude oil prices rose amid worries about an escalating conflict between the US and Iran, but soggy economic data might weigh as global slowdown fears cool demand bets.   GBP/JPY drops to 1-1/2 week low, below 137.00 mark ahead of Carney The GBP/JPY cross tumbled below the 137.00 handle to hit 1-1/2 week lows in the last hour, albeit managed to recover few pips thereafter. The cross ex   GBP/USD technical…

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