News Stream – GBP

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It’s a relatively busy day on the economic calendar, with the EUR and Loonie in focus. First up, however, is the RBA monetary policy decision later this morning.

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02 Mar, 2021 / 01:20

The British pound initially rallied during the course of the trading session on Monday but then gave back the gains to show signs of weakness.

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01 Mar, 2021 / 14:15

The British pound has gone back and forth during the trading session on Monday, as we have seen a lot of noise in general.

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01 Mar, 2021 / 14:11

GBP/USD gained upside momentum and is trying to get above the resistance at 1.3980.

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01 Mar, 2021 / 07:05

By Gina Lee

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01 Mar, 2021 / 00:12

Overall currency markets are confronted by a crucial yet extremely cautious week ahead. Price ranges this week are running at the widest points in many months and adds to the potential of big moves.

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28 Feb, 2021 / 12:01

The British pound rallied towards the 1.42 level during the course of the week to test major resistance but has since pulled back rather drastically.

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26 Feb, 2021 / 15:23

The British pound has shot higher during the week to touch the ¥150 level again. We have pulled back from there though, the form an exhaustive candlestick.

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26 Feb, 2021 / 15:18

The British pound has fallen on Friday to slice through the 1.40 level. This correction has been long overdue and quite frankly is welcomed.

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26 Feb, 2021 / 14:32

The British pound has pulled back a bit on Friday to reach down towards the 147.50 level, an area that I thought could be short-term support.

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26 Feb, 2021 / 14:28

The U.S. dollar rose against most major currencies on Friday, lifted by an increase in U.S. bond yields overnight, while the pound dropped to its lowest in over a week. Government bonds, and particularly U.S. Treasuries, have become the focal point of markets globally. Traders have moved aggressively to price in earlier monetary tightening than the Federal Reserve and other central banks have signalled.

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26 Feb, 2021 / 09:52

GBP/USD settled below the support at 1.3980 and is trying to settle below the next support level at 1.3950.

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26 Feb, 2021 / 07:16

The dollar climbed higher in early European trading Friday, lifted by a sharp rise in U.S. Treasury yields, while riskier currencies were hit hard amid fears central banks will have to tighten sooner than previously expected. ”While Powell has for now promised that sizable bond purchases will continue, the time to start to tweak that communication may not be that far into the future.”

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26 Feb, 2021 / 03:07

Economic data from the Eurozone and the U.S will be in focus later today. Market reaction and Iran’s response to U.S military action in Syria will also influence.

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26 Feb, 2021 / 01:37

The British pound has gone back and forth during the course of the trading session on Thursday as we continue to see the 1.42 level as major resistance.

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25 Feb, 2021 / 15:38