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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

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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 no-deal.


GBP/USD sits at session tops, bulls await a sustained move beyond 1.2500 handle

The GBP/USD pair spiked to fresh session tops in the last hour, with bulls still awaiting a sustained move beyond the key 1.2500 psychological mark. T


EUR/GBP grinding lower, approaches 0.8900

EUR/GBP keeps losing momentum this week and is now threatening to test the key support at 0.8900 the figure. EUR/GBP looks to ECB, BoJo The relief ral


GBP: Cabinet purge plays into No Deal & early election fears – MUFG

Lee Hardman, currency analyst at MUFG Bank, notes that the GBP has rebounded over the past week and has been driven by a combination of broad-based eu


US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD and AUD/USD

It’s been a busy day across the FX space and next week looks to continue the volatility as the Federal Reserve prepares for their first rate cut in a decade.


GBP/USD losing 0.25% caught in a chop, weighed by solid US data

GBP/USD has taken a trip to the downside in New York, falling from a high of 1.2617 to a low of 1.2439 on strong U.S. data and hard Brexit fears. Upbe


EUR/GBP technical analysis: Euro off daily highs, trades near 0.8930 support


GBP/USD once again fails to find acceptance above 1.2500 handle

Having touched an intraday high level of 1.2518, the GBP/USD pair met with some fresh supply and is currently placed near the lower end of its daily t


US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD and AUD/USD

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EUR/USD and GBP/USD Forecast July 26, 2019

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GBP/USD technical analysis: Cable rolling into the Asian session, sub-1.2480 resistance


GBPUSD May Be the Best Major to Highlight a Weak US GDP

The Dollar has considerable potential for volatility resulting from the 2Q US GDP release. However, a bullish build up on the theme, weekend liquidity, FOMC anticipation and counter-trend winds necessitate strategy.


EURGBP Retreats After 11-Week Sugar Rush. Crash Ahead?

The Euro has enjoyed an uninterrupted 11-week climb against the British Pound, but the sugar rush appears to be wearing off. Where will the currency pair land?


GBP/USD: Bears back in charge amid renewed Brexit jitters, ahead of US GDP

Following a volatile Thursday, GBP/USD sees a calm session so far this Friday, with the bias leaning to the downside amid increased odds of a no-deal


GBPUSD Rate Vulnerable to Dovish BoE Forward Guidance

Fresh updates from the Bank of England (BoE) may produce headwinds for the British Pound if the central bank alters the forward guidance for monetary policy.


GBP Futures: further sideline trade on the cards

Open interest in GBP futures markets rose for the third consecutive session on Thursday, now by almost 4.3K contracts according to flash data from CME


Have a nice trading!

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