GBP News Reviews 

GBP Daily Review July 29, 2019

GBP Daily Review for July 29, 2019 Most Volatile Currencies Next Week – US Dollar, GBP/USD, AUD/USD Most Volatile Currencies Next Week – US Dollar, GBP/USD, AUD/USD   Sterling Outlook: GBPUSD Breaks Down, Boris Johnson Bounce Fades GBPUSD nears its lowest level of the week, and looks at a technical breakout, as the Boris Johnson mid-week mini-bounce fades in the face of a seemingly unmovable EU.   GBP/USD off lows, still below 1.2450 ahead of US GDP Fresh bids emerged once again near the 1.2425 region last hour, allowing a…

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GBP News Reviews 

GBP Daily Review July 26, 2019

GBP Daily Review for July 26, 2019 GBP/JPY Price Outlook: British Pound May Keep Losing Mojo – Thanks to BoJo See our free trading guide to help build confidence when you trade on JPY, USD and other main currencies Download for free our latest Q3 trading guide   UK PM Boris Johnson Doubles Down on Brexit – Sterling (GBP) Nears Breakout New UK PM Boris Johnson has filled his new cabinet with like-minded Brexiteers and has already reiterated that the UK will leave the EU on October 31, deal or…

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GBP News Reviews 

GBP Daily Review July 25, 2019

GBP Daily Review for July 25, 2019 GBP Price Outlook: Further Falls Possible as Boris Faces Brexit Stalemate New UK Prime Minister Boris Johnson is facing a near-impossible task: delivering a Brexit deal. That could mean still more losses for GBPUSD, although the potential downside may now be limited.   EURGBP Technical Outlook Points to Lower Prices EURGBP has a few technical developments which suggest it is headed for more weakness ahead.   GBP/USD surges through 1.2500 handle, refreshes weekly tops The GBP/USD pair surged through the key 1.2500 psychological…

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GBP News Reviews 

GBP Daily Review July 24, 2019

GBP Daily Review for July 24, 2019 Boris Johnson is The New UK PM – What Next for Sterling (GBP)? Boris Johnson has won the Conservative leadership race and is the new UK Prime Minister. Sterling traders will now be following his every comment and move with heightened interest.   Further Sterling (GBP) Weakness Likely if Johnson Becomes PM As the new Prime Minister is set to be announced at 11.00 UK time GBP may continue to lose ground if Boris Johnson is confirmed to be the new PM.  …

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GBP News Reviews 

GBP Daily Review July 23, 2019

GBP Daily Review for July 23, 2019 CAD Longs Sharply Increase, GBP Remains Bearish, JPY Shorts Build – COT Report CAD Longs Sharply Increase, GBP Remains Bearish, JPY Shorts Build – COT Report   EUR/GBP firmer, approaches 0.90 on GBP-selling The increasing selling bias around the British Pound is sustaining the up move in EUR/GBP to the very doorsteps of the psychological 0.9000 handle. EU   GBP/USD refreshes session lows, back below 1.2500 handle The GBP/USD pair finally broke down of its Asian session consolidation phase and dropped to fresh…

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GBP News Reviews 

GBP Daily Review July 22, 2019

GBP Daily Review for July 22, 2019 GBPUSD Outlook: Volatility Begins to Awaken as Brexit Risks are Priced In GBPUSD Outlook: Volatility Begins to Awaken as Brexit Risks are Priced In   EUR/GBP weaker, flirts with the 21-day SMA at 0.8970 The sharp rebound in the Sterling has forced EUR/GBP to extend the rejection from multi-month peaks in the mid-0.9000s recorded on Wednesday, returnin   GBP/USD & EUR/GBP Price Chart Outlook: Flagging at Confluence Spot GBPUSD sits at major confluence and multi-year Fib support but could be strong-armed by its…

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GBP News Reviews 

GBP Daily Review July 19, 2019

GBP Daily Review for July 19, 2019 GBP Regains Strength, Retail Sales Manage to Recover Retail sales have managed to grow in the month of June amid fears of a slowing industry. The positive reading adds to relief from investors about the likelihood of a softer Brexit   Pound Sterling Outlook: GBP/JPY Price Printing New Multi-Month Low The key levels GBP/JPY sellers may need to consider to lead the price to test its yearly support   EUR/GBP abandons recent tops and retreats to the 0.9000 handle The rebound in the…

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GBP News Reviews 

GBP Daily Review July 18, 2019

GBP Daily Review for July 18, 2019 No Mercy For GBP- Manufacturing Inflation at 33 Month Lows Adds to Brexit Woes UK consumer inflation picked up in June, but ongoing trade war concerns are weighing on the manufacturing industry as output price growth is at its lowest in 33 years.   EUR/GBP keeps 6-month tops near 0.9050 The increasing selling bias around the British Pound is helping EUR/GBP to extend the breakout of the key 0.9000 handle. EUR/GBP bid after data, Brexi   GBP/USD struggles near multi-month lows, around 1.2400…

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