GBP News Reviews 

GBP Daily Review December 11, 2019

GBP Daily Review for December 11, 2019 British Pound May Fall on Industrial Data Ahead of UK Election The British Pound may suffer heading into the UK election if local industrial data inflame BoE rate cut bets ahead of the UK election.   UK election poll news: GBP/USD set to swing on every survey The latest batch of economic data from the UK provides a fairly negative view on the recent levels of activity with the main takeaway being a flat GDP   GBP/USD consolidates recent strong gains to multi-month…

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GBP News Reviews 

GBP Daily Review December 10, 2019

GBP Daily Review for December 10, 2019 GBP/USD eases from 8-month tops, still comfortable above mid-1.3100s The GBP/USD pair spiked to fresh eight-month tops during the early part of Monday’s trading session, albeit quickly retreated around 20 pips thereafte   GBP/USD Calm Before the Storm, EUR/USD Eyes Resistance – US Market Open GBP/USD Calm Before the Storm, EUR/USD Eyes Resistance – US Market Open   EURUSD Forecast Top Risk Between Fed and ECB, Pound and AUDUSD Risk Volatility There are a few, high-profile and high-potential themes meeting critical events or…

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GBP News Reviews 

GBP Daily Review December 9, 2019

GBP Daily Review for December 9, 2019 Sterling – GBP/USD Rally Simmers at Multi-Month High, US Non-Farm Payrolls Ahead The recent rally in GBP/USD, driven by Sterling strength and US dollar weakness, is now on hold but further movement may be on the cards later today with the release of the latest US non-farm payro…   EUR/GBP up on GBP-selling, cautiousness ahead of data Some profit taking sentiment is hurting the British pound at the end of the week, helping EUR/GBP to regain some poise and advance to the mid-0.8400s.…

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GBP News Reviews 

GBP Daily Review December 6, 2019

GBP Daily Review for December 6, 2019 EUR/GBP remains on the defensive near 0.8440 The improved sentiment around the sterling has forced EUR/GBP to recede to the 0.8430 earlier in the session, printing at the same time fresh 2019 low   GBP/USD testing critical resistance ahead of UK elections GBP/USD remains solid on the outlook of next week’s UK election where the Conservatives are maintaining a commanding lead. GBP/USD is currently tradin   UK election poll news: GBP/USD confronts 200-week SMA amid upbeat polls US stocks are rising for a…

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GBP News Reviews 

GBP Daily Review December 5, 2019

GBP Daily Review for December 5, 2019 EUR/GBP Slumps – Markets Price In a Conservative Majority EUR/GBP is within a whisker of setting a new nine-month low and looks set to test an old horizontal support level made back in April 2017.   EUR/GBP drops to 2019 lows around 0.8470 The rally in the British pound has dragged EUR/GBP to fresh yearly lows in the 0.8470 region. EUR/GBP focused on elections The European cross has quic   GBP/USD Technical Analysis: Bulls maintain their dominant position near multi-month tops The buying…

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GBP News Reviews 

GBP Daily Review December 4, 2019

GBP Daily Review for December 4, 2019 Breaking: GBP/USD surges above 1.30 amid favorable polls, USD weakness   UK construction PMI rises to 45.3 in November – GBP/USD stays below 1.3000 The construction sector activity in the UK improved slightly last month, the latest survey report from Markit Economics showed this Tuesday. The final   British Pound Back to the Big Figure 1.3000: GBP/USD Price Outlook GBP/USD is in the process of trying to break-out to fresh six-month-highs, testing above the critical psychological level of 1.3000.   US Dollar Price…

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GBP News Reviews 

GBP Daily Review December 3, 2019

GBP Daily Review for December 3, 2019 GBP/USD Forecast: Polls Still Point to a Tory Majority But Gap Closes GBP/USD remains bid with the latest General Election polls pointing to a Conservative majority on December 12. One poll however has the lead tightening, prompting caution.   EUR/GBP recedes from tops near 0.8540 EUR/GBP gapped to the upside at the beginning of the week although it has been trading with a selling bias since then. EUR/GBP focused on UK elections   NZD/USD Surges, GBP/USD Muted, Crude Oil Spikes – US Market…

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GBP News Reviews 

GBP Daily Review December 2, 2019

GBP Daily Review for December 2, 2019 EUR/GBP retreats from daily highs near 0.8540 The selling pressure around the single currency has forced EUR/GBP to recede from earlier tops in the 0.8540/45 band. EUR/GBP remains focused on the U   GBP/USD Technical Analysis: Cable clings to weekly highs above the 1.2900 handle The market is ending the month virtually unchanged in November while consolidating near the October highs. The key resistance to reach for bulls on the way up   GBP/USD rebounds and rises back above 1.2900, consolidates weekly gains…

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GBP News Reviews 

GBP Daily Review November 29, 2019

GBP Daily Review for November 29, 2019 Brexit Briefing: Most Accurate Election Poll Predicts Conservative Majority, GBP/USD Rises Brexit Briefing: Most Accurate Election Poll Predicts Conservative Majority, GBP/USD Rises   GBP/USD retreats from 1-week tops, approaching 1.2900 mark The GBP/USD pair failed to capitalize on its early uptick to one-week tops and is currently placed near the lower end of its daily trading range, just   EUR/GBP bounces off multi-month lows, back above 0.8500 Both the single currency and the sterling are losing some of their earlier shine and are…

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