Tag Archives: gbp/usd

The British pound rushed higher during Tuesday’s US session, bouncing off the 1.1470 area to erase daily losses and session highs right below 1.1600 as the Americans head to the polls.The sterling has abandoned previous weakness and jumped to session highs near 1.1600. the pair is trading at 1.158 at …

The British pound has given away gains and dives to US session lows at 1.1450 after the positive US economic data dampened hopes of a Fed pivot in December. The pound has lost nearly 100 pips in a matter of minutes, following the release of a set of positive US …

In the weekly analysis of financial assets, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on and answered questions related to the technical path of a number of important assets and pairs, in addition he commented on other …

The reversal of the British pound from 1.1645 extends below 1.1500. The sterling loses ground as the Sunak effect fades. Meanwhile, the US dollar appreciates ahead of the Fed’s monetary policy meeting.Sterling’s reversal from last week’s highs at 1.1645 accelerated on Monday, reaching levels below 1.1500. The cable is on …

The GBP/USD pair dropped from around 1.1600 after hitting six-week highs at 1.1645 due to overall US Dollar strength on the back of the positive Thursday’s US data showing the economy’s resilience, despite the ongoing monetary policy tightening. US Jobless Claims added to the already positive mood, though Goods Orders …

The GBP/USD pair has gained over 1.7% and benefited from the US dollar’s decline on Tuesday. It is convenient to say that UK politics saved the day for sterling bulls. The pair is trading at 1.475Investors welcomed Rishi Sunak as the new UK prime minister where, in his first speech, …

The British pound retreats below 1.1300 after failure at the 1.1400 area. Traders and investors have broadly welcomed Rishi Sunak’s victory and markets hope to steady under his upcoming government.The GBP/USD pair trades at 1.1278 at the time of writing. The asset aims at 1.11/1.12 if 1.1400. The sterling is …

The British Pound rallied on Thursday and investors reined in their bets on a big Bank of England interest rate hike in November as UK Prime Minister Liz Truss announced her resignation just six weeks after she was appointed.At the time of writing the GBP/USD pair is trading at 1.129 …

The US dollar was softer at the beginning of the trading week as UK news impacted global government bonds and the demand on the American currency. The AUD/USD pair trades around 0.6280 after failing to retain gains above 0.6300, while USD/CAD is down to 1.3720, despite discouraging Canadian data. The …

The GBP/USD strikes the 1.1400 mark, as the UK’s new Finance Minister, Jeremy Hunt, said, On Monday, that the government changed its course while reiterating that Britain is a country that “pays its debts.” So far, Liz Truss’ U-Turn keeps investors’ mood positive, with global equities trading in the green …