Tag Archives: GBP

The US session did not witness the release of any remarkable economic data, rather it has been dominated by concerns of probable lockdowns in Europe, the emerging new virus strain.On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new …

The British pound recovers from earlier losses during today’s trading despite risk-of-market sentiment clouding the financial markets due to discovering a new COVID-19 variant in South Africa. The GBP/USD pair is trading at 1.3341, up some 0.14%.In the overnight session, market sentiment fell as South Africa announced the discovery of …

The EUR/GBP pair spiked towards 0.8500 on Friday as markets are being quacked by the latest Covid-19 variant developments.The pair benefitted from a moderation of global central bank rate hikes. EUR/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to …

Negative trading returned to dominate the movements of the pound sterling against its Japanese counterpart after several consecutive sessions of a slight incline, recording the highest price of 154.06. Technically, the pair failed to maintain trading above the previously broken support level located at 153.60/153.40, as we find the negative …

GBP/USD has hesitantly bounced from annual lows at 1.3300 ahead of a short market closure for Thanksgiving as markets eye Brexit developments, with French fishermen blockades now expected Friday.While the pair has been under heavy selling pressure recently, it isn’t yet in oversold territory. Ahead of a five-hour market closure …

The USD/JPY was little changed, and the technical outlook remained the same, within a tendency to rise, recording its highest level at 154.22. On the technical side, we are inclined to the positivity, based on stability and intraday stability above the support level of 153.40, in addition to the clear …

The US dollar extended its gains, reaching fresh 2021 highs vs the EUR and the GBP. EUR/USD bottomed for the day at 1.1225, while GBP/USD fell to 1.3341. The sour tone of global indexes and higher government bond yields fueled demand for the safe-haven dollar.Bank of England governor Andrew Bailey …

The GBP/JPY pair is trading with noticeable positivity, after it succeeded in building on the support floor published during the previous analysis, at 153.50, approaching by a few points from the first target that is required to be touched at 154.30, recording the highest during the morning trading session at …

The US dollar soared against all major currencies after President Biden officially re-nominated Jerome Powell as Fed Chair and Lael Brainard will become Vice Chairman when Richard Clarida’s term ends in January. Greenlight for Policy Normalization When it comes to heads of central banks, investors generally prefer continuity which explains …

EUR/GBP has been rangebound on Monday within 0.8380-0.8400ish parameters with market attention predominantly elsewhere.The market is expected to heat up starting Tuesday with the release of fresh figures by UK and Eurozone PMIs.the Forex market’s focus has been on USD crosses on Monday, amid a broad strengthening of the dollar …