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GBP Daily Review June 13, 2019

GBP Daily Review for June 13, 2019

GBPUSD Price: Riding the US Dollar Slump, US CPI Ahead

GBPUSD is benefitting from further weakness in the US dollar and is pushing back to levels last seen three-weeks ago.


GBP/JPY retakes 138.00 mark and beyond, lacks follow-through

Buying interest around the British Pound picked up the pace in the last hour, lifting the GBP/JPY cross back above the 138.00 handle and back closer t


EUR/GBP struggles for direction near 0.8900

The continuation of the recovery in the Sterling is dragging EUR/GBP back to the 0.8900 neighbourhood on Wednesday. EUR/GBP looks to risk trends, Brex


US Dollar Losses Curbed by 200DMA, GBPUSD Eyes No-Deal Brexit Motion – US Market Open

US Dollar Losses Curbed by 200DMA, GBPUSD Eyes No-Deal Brexit Motion – US Market Open


GBP/USD: Bulls capped below 23.6% retracement

U.S. Headline inflation rose 0.1% month-on-month in May, leaving the annual rate of CPI at 1.8% year-on-year, down from 1.9% in April. Core inflation


EUR/GBP technical analysis: Euro trades above the 0.8900 handle against Pound

EUR/GBP daily EUR/GBP is trading in a bull trend above its main simple moving averages (SMAs). EUR/GBP 4-hour chart The bull channel remains intact ab


UK: Lawmakers reject motion to seize parliamentary time to prevent no-deal Brexit, GBP/USD drops below 1.27

British lawmakers have rejected the motion to seize parliamentary time to try and prevent a no-deal Brexit, with the initial reaction, the GBP/USD pai


GBP/USD erases early gains, turns flat on the day near 1.2720

The GBP/USD pair, which was able to stage a modest recovery on the back of UK labour market data on Tuesday, struggled to preserve its bullish momentum


EUR/USD and GBP/USD Forecast June 13, 2019

The Euro initially tried to rally again during the trading session on Wednesday, but then ran into a buzz saw of resistance yet again at the 1.1350 level, wh…


Dollar Benefits as EURUSD Upside Breakout Struggles, GBPUSD Sinks

The US Dollar rose despite soft CPI as Pound Sterling fell amidst the UK rejecting a no-deal Brexit. EURUSD upside breakout struggled, Trump considers sanctions to block Nord Stream 2.


GBP/USD remains on the back foot, all eyes on conservative voting

While the failure of Labour-led motion to block the chances of no-deal Brexit weakened the British Pounds (GBP), the GBP/USD pair remains on a back foot.


GBP/JPY technical analysis: Down 0.20%, further losses likely

GBP/JPY is currently trading at 137.39, representing a 0.20% loss on the day. The risk-off tone in the equities seems to have put a bid under the anti


Euro Braces for Finance Minister Meeting, Brexit Risk Rattles GBP

Euro traders will be nervously eyeing the meeting between Eurozone Finance Ministers over how to proceed with Italy while GBP groans in the facing of more Brexit uncertainty.


GBP/USD technical analysis: Bulls and bears jostle between 100-HMA, immediate support-line

Having bounced off 38.2% Fibonacci retracement of May-end to June-start upside, the GBP/USD remains modestly flat as it trades near 1.2690.


GBP Futures: further pullbacks on the table

Investors added nearly 2.2K contracts to their open interest positions on Wednesday, while volume increased the most since March 14, this time by almo


Have a nice trading!

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