Tag Archives: GBP

Will the Bank of England hike interest rates again at the beginning of February? Market observers do believe the answer is yes. The monetary policy committee may wait until May, though February’s meeting is looking much more 50:50 than it did just a few weeks ago. Partially, that is because …

GBP/JPY touched the mentioned bearish target during the previous report, at 156.00, recording the lowest price at 156.10. On the technical side today, despite moving above the 50-day moving average, we tend to the negativity, relying on the stability of the daily trading below the main resistance level 157.60/157.50, in …

The technical outlook is unchanged, and the movements of GBP/JPY did not change significantly, maintaining the bearish path as we expected, settling below 157.50. On the technical side today, we expect a bearish bias in the coming hours, based on the stability of the intraday trading below the resistance level …

“More UK businesses than ever before are worried about inflation, and a record number are planning to increase their own prices,” said Bloomberg while conveying the latest British Chambers of Commerce (BCC) details on early Thursday morning in Asia.The news also quotes Suren Thiru, Head of Economics at the BCC …

Positive trades dominated the movements of the pound sterling against the Japanese yen within the expected bullish path during the previous analysis, exceeding the second target that is required to be achieved at 156.70, recording the highest level at 157.43. On the technical side today, we expect a bearish bias …

The British pound against its Japanese counterpart made noticeable gains and started today’s trading session by attacking the psychological barrier resistance level 156.00. Technically, today, we find the 50-day EMA returned to carry the price below, which comes in conjunction with the positive signals coming from the RSI on the …

On Wednesday, the British pound surges by 0.31%. Thin liquidity conditions, and the lack of economic data, currently exacerbate volatility in the last days of the year.The British pound rallies trading the New York session, trading at 1.3452 at press time. Investors’ mood is mixed, as depicted by European stock …

The shared currency losses against the US dollar but remains above the 1.1300 figure. EUR/USD price is barely down late in the European session, trading at 1.1318. As US markets as a whole remain closed on Christmas eve, the market sentiment is positive. On Friday, the US dollar benefits from …

The British pound has skyrocketed during the trading session on Thursday against most currencies, and of course against the Japanese yen which was not an exception. There has been an overall risk on type of move for the session, and that will help this pair. It is worth noting that …

GBP/JPY achieved the idea of ​​the rise published during the previous analysis, touching the official target of 151.40, recording its highest level of 151.40. On the technical side today, looking at the 240-minute chart, we find the simple moving averages continuing to support the bullish curve, in addition to the …