GBP News Reviews 

GBP Daily Review April 22, 2019

GBP Daily Review for April 22, 2019 Sterling Week Ahead Technical Analysis – GBPUSD, EURGBP & GBPNZD Sterling (GBP) continues to trade in restrictive ranges across a selection of currencies but headline GBPUSD may soon break below 1.3000 as the US dollar pushes higher.   GBP Forecast: Will Sterling Stabilize with Brexit Risk in the Distance? Expect fresh Brexit headlines next week with Parliament returning from recess following the UK’s second extension to the EU Withdrawal Agreement. What should British Pound traders watch for?   GBP/USD lifeless around 1.30, what…

Read More
GBP News Reviews 

GBP Daily Review April 19, 2019

GBP Daily Review for April 19, 2019 UK retail sales unexpectedly rebound 1.1% m/m in March (GBP turns higher) The UK retail sales jumped 1.1% over the month in March, surprising the markets to the upside while core retail sales stripping the auto motor fuel sa   US Dollar Price Action Setups in EUR/USD, GBP/USD and AUD/USD The US Dollar began to show breakout tendencies ahead of a long weekend, making for a difficult backdrop to chase fresh themes.   Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD…

Read More
GBP News Reviews 

GBP Daily Review April 18, 2019

GBP Daily Review for April 18, 2019 GBPUSD Price Action Tepid After UK Inflation Misses Forecasts, Brexit Lull The latest UK CPI data show little movement in price pressures despite a strong jobs marekt. Sterling remains unmoved and is waiting for full-blown Brexit discussions to re-start next week.   Next Brexit Steps to Prove Pivotal for EURGBP, GBPJPY, GBPUSD Prices Brexit is out of the headlines for now. All of that will change next week.   CAD Soars, Crude Oil Pushes Higher, GBPUSD Eyes 1.30 Support – US Market Open…

Read More
GBP News Reviews 

GBP Daily Review April 17, 2019

GBP Daily Review for April 17, 2019 EUR/GBP upside failed again near 0.8650 EUR/GBP has once again failed to extend the upside momentum beyond 0.8650 today, returning instead to the 0.8630 region, up modestly for the day. EUR/   GBP volatility measures fall to 15-month lows Despite the release of the first-tier UK employment data, Sterling implied volatility gauges slipped across the board to their lowest levels since Jan   GBP/JPY sticks to modest losses, around mid-146.00s post-UK jobs data The GBP/JPY cross held on to its weaker tone around…

Read More
GBP News Reviews 

GBP Daily Review April 16, 2019

GBP Daily Review for April 16, 2019 Currency Volatility: GBPUSD, EURUSD, AUDUSD, USDTRY Outlook Currency Volatility: GBPUSD, EURUSD, AUDUSD, USDTRY Outlook   COT Report: EUR and JPY Shorts Increase, GBPUSD Neutral, USD Longs Rise COT Report: EUR and JPY Shorts Increase, GBPUSD Neutral, USD Longs Rise   GBP/USD fades a bounce above 1.3100, focus shifts to UK data The GBP/USD pair picked up fresh bids on the European open and swung back above the 1.31 handle, printing fresh session tops at 1.3107, before easing   EUR/GBP: Further consolidation in store…

Read More
GBP News Reviews 

GBP Daily Review April 15, 2019

GBP Daily Review for April 15, 2019 Charts for Next Week: EURUSD, GBPUSD, Gold Price & More The Euro continues to grind its way higher towards resistance, Cable is ready for a breakout, while gold continues to nicely fill out a descending wedge formation.   EUR/GBP climbs to 3-week tops near 0.8660 The continuation of the upbeat mood in the risk-associated complex continue to support the weekly up move in EUR/GBP, this time testing 3-week highs i   EUR/GBP continues to consolidate – Commerzbank Karen Jones, analyst at Commerzbank, points…

Read More
GBP News Reviews 

GBP Daily Review April 12, 2019

GBP Daily Review for April 12, 2019 EUR/GBP clings to gains above 0.8600, focus on Brexit No significant news around the British Pound or the single currency today leaves the door open for EUR/GBP to extend the consolidative theme around th   US Dollar Price Action Setups in EUR/USD, GBP/USD and USD/JPY The US Dollar has held short-term support after the release of FOMC meeting minutes, and this keeps digestion setups front-and-center in EUR/USD, GBP/USD and USD/JPY.   EUR/GBP Technical Analysis: Trapped in a barbwire pattern EUR/GBP daily EUR/GBP is…

Read More
GBP News Reviews 

GBP Daily Review April 11, 2019

GBP Daily Review for April 11, 2019 Currency Volatility: GBPUSD Volatility Surges Amid Emergency EU Summit Currency Volatility: GBPUSD Volatility Surges Amid Emergency EU Summit   UK GDP Up 0.2% in February, GBP Price Depends on Brexit Extension Talks The UK economy grew unexpectedly in February but GBP traders will look to Brexit extension talks for clues to whether the GBPUSD price will break out of its recent trading range.   EUR/GBP holds on above 0.8600, looks to Brussels Both the Sterling and the shared currency are trading on a…

Read More
GBP News Reviews 

GBP Daily Review April 10, 2019

GBP Daily Review for April 10, 2019 Sterling (GBP) Jumps on Rumored Irish Backstop Deal Breaker GBPUSD jumped 50 ticks after media reports that German Chancellor Angela Merkel was considering offering the UK a five-year Irish backstop limit, a proposal that could help beleaguered PM May pass the Withdrawal Agreement.   EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP EUR Technical Analysis Overview: EURUSD, EURJPY, EURGBP   GBP/USD Technical Analysis: Fades a bullish spike but holds above an ascending trend-line support The pair failed to capitalize on an early European session…

Read More