Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Amid moderate dollar strength, GBP/USD struggled to find significant support. The cops failed to get their batteries recharged despite the bullish UK employment data. The uncertainty about Brexit has made it hard to… Continue reading GBP/USD Price Remains Flat Around 1.32 After UK Jobs Report
The cross-currency pair EUR/GBP failed to extend its upward momentum, and it’s trading at 0.8506 level now. The bearish momentum continues to dominate ahead of BOE Gov Bailey’s speech.
The GBP/USD price forecast remains bullish above the $1.3190 level. The day before, GBP/USD closed at $1.3272 after hitting a high of $1.3277 and a low of $1.3187. GBP/USD extended its gains and surged for another session on Friday, recovering most of this week’s losses.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD struggles to stay above the 1.3200 mark. Fed’s hawkishness continues to pressure the pound. Market participants will be watching the US CPI and UK’s monthly GDP numbers for October to confirm the… Continue reading GBP/USD Outlook: Unable to Keep Gains amid Hawkish Fed, Awaits Data
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD price failed to mark its rebound above 1.3200 handle and fell back towards the 1.3180 area. The US dollar gains on the day as the risk sentiment deteriorate again. Technically, the pair… Continue reading GBP/USD Price Fails to Recover Above 1.32 as USD Firms, Risk-off
The GBP/USD price forecast remains neutral as the pair trades choppily between a narrow range of 1.3285 to 1.3215. The previous optimism surrounding Brexit and the Bank of England’s (BOE) next move keep the buyers hopeful and contributes to the currency pair gains.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The EUR/GBP experienced some selling for the second day in a row on Tuesday. An imminent rate hike by the BoE acted as a tailwind for sterling. US dollar weakness benefitted the euro… Continue reading EUR/GBP Price Consolidating at 0.8500 Despite Upbeat German Data
The GBP/USD price forecast remains bullish as the pair spikes above the double bottom support level of $1.3211. The day before, the GBP/USD coin extended…
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. As disputes between UK and EU over post-Brexit trading conditions persist, an agreement between the EU and Great Britain is unlikely by 2021. As the number of infections exceeds 50,000 every day, Britain… Continue reading EUR/GBP Forecast: Bears Stay Intact Under 0.86 amid GBP Optimism
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The GBP/USD pair gained some positive momentum on Thursday, but the trend failed to continue. The uncertainty surrounding Brexit weighed on the British pound and limited its gains. Fundamentals favor USD bulls and… Continue reading GBP/USD Forecast: Struggling to Retain Above 1.33 amid Brexit, BoE
