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GBP Daily Review November 8, 2019

GBP Daily Review for November 8, 2019

Dovish BoE Sends GBP/USD Lower, 2 Voters Call for Rate Cuts

Dovish BoE Sends GBP/USD Lower, 2 Voters Call for Rate Cuts

 

Brexit Briefing: GBP/USD Muted on Rocky Start to UK Election Campaign

Brexit Briefing: GBP/USD Muted on Rocky Start to UK Election Campaign

 

GBP/JPY moves lower as 2 MPC members vote for a cut

GBP/JPY moved lower in an initial reaction as the vote for a rate move changed from 9-0 to 7-2. The market had expected a 9-0 vote again. Two MPC mem

 

GBP/USD drops to fresh 1-1/2 week lows post-BoE announcement

The selling pressure around the British Pound re-emerged post-BoE announcement and dragged the GBP/USD pair to fresh 1-1/2 week lows, around the 1.282

 

Breaking: BOE sends GBP/USD plunging

— more to come Follow all the BOE updates in the live coverage

 

Two Bank of England members voted for interest-rate cut, hitting British pound

Two members of the Bank of England’s Monetary Policy Committee voted for an interest-rate cut, the central bank said Thursday. The Bank of England, in…

 

USD Price Outlook: US Dollar Back to Resistance, GBP/USD Dips on BoE

The US Dollar is putting in another test at the 98.00 level, and that short-term resistance doesn’t appear as though it’ll hold for much longer.

 

GBP/USD technical analysis: Cable under bearish spell below the 1.2900 handle

In October, the Cable jumped to levels not seen since mid-May 2019. The Cable is trying to break to the downside from a triangle pattern.

 

GBP/USD technical analysis: Cable didn’t like it below 1.28

Today at the Bank of England (BoE) meeting the vote split surprised markets as MPC members Saunders and Haskel turned dovish. The vote ended up 7-2 i

 

Simmons Prepared Foods recalls 2 million pounds of poultry on concerns about metal contamination

Arkansas-based Simmons Prepared Foods Inc. has recalled more than two million pounds of poultry that they fear could be contaminated with metal. The items…

 

US Dollar Breaks Out, USD Price Action Setups: GBP/USD, USD/CAD

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EUR/USD and GBP/USD Forecast November 8, 2019

For additional up-to-date Forex Trading information: News (https://www.dailyforex.com/forex-news/page-1), Technical Analysis (https://www.dailyforex.com/fore…

 

GBP/USD Price at Turning Point, Trade Uncertainty to Boost Yen?

The British Pound sits at a potential turning point versus the US Dollar after the BoE. The anti-risk Japanese Yen may recover losses as developments jawboned US-China trade hopes.

 

GBP/USD in post-BOE bearish consolidation above 1.2800

The recovery attempts in GBP/USD continue to face stiff resistance near 1.2825 region, leaving the spot in a downside consolidation phase above the 1.

 

GBP/USD struggles near two-week lows, just above 1.2800 handle

The GBP/USD pair nursed the previous session’s post-BoE losses to two-week lows, with bears still awaiting a sustained break below the 1.2800 round fi

 

GBP Futures: bearish with caution

Open interest in GBP futures markets shrunk for the third session in a row on Thursday, this time by just 293 contracts as per advanced data from CME

 

Have a nice trading!




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