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The British pound has bounced from extreme lows against the Japanese yen during trading on Friday as we have reached major support.
The British pound has gotten hammered during the trading week, as we are now below the 50-Week EMA. Ultimately, this is a market that looks as if it’s going to be threatened significant support underneath.
The British pound has fallen rather hard during the trading session on Friday, as the Non-Farm Payroll numbers came out at over 500,000 in the United States.
By Ambar Warrick
By Ambar Warrick
The Bank of England met during the trading session on Thursday, deciding to keep interest rates at 4%. At this point, the market still remains in consolidation.
The British pound fell hard against the Japanese yen during trading on Thursday as the Bank of England kept its interest rate steady. This suggests that perhaps they are diverging from other central banks around the world.
The Bank of England on Thursday lifted interest rates by a half point, as it tries to quell inflation that still is running in double-digits.
By Geoffrey Smith
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By Ambar Warrick
By Ambar Warrick
The British pound has rallied a bit during the trading session on Wednesday, as we are awaiting the FOMC announcement.
The British pound has tried to rally a bit earlier during the trading session on Wednesday, but then fell below the ¥160 level as we wait the FOMC meeting.
The Bank of England is expected to increase interest rates for the 10th consecutive time on Thursday in another blow to mortgage holders.