The Great Britain pound versus the Canadian dollar currency pair seems to be under bearish command. Do the bulls have any chance of getting into the scene in the near future?
Great Britain Pound GBP
Detailed information and fundamental factors
Central Bank: Bank of England
Interest Rate: 0.10%
Public Debt to GDP Ratio, 2017: 90.4%
Trade Balance, 2018: -$41.3 bln.
Inflation, 2019: 1.7%
Supporting Factors
Global reserve currency
medium
Currency of international trade
weak
Factors of Weakness
United Kingdom's exit from the European Union
strong
The Great Britain pound sterling (usually called simply “pound” or “sterling”) is the currency used in the United Kingdom and in British territories. Banknotes were introduced following the creation of the Bank of England in 1694, but the history of the currency can be traced long before that, making the pound the oldest world currency that is still in use. The sterling was the most important currency in the world before the World War I. After the World War II had broken out, several countries (for the most part those that belonged to the British Empire) either introduced the pound as their own currency, or pegged their currencies to the sterling. These countries have become know as the sterling area. The importance of the UK currency and the sterling was diminished after the pound was allowed to float freely in 1972. Subsequently, the role of the major world medium of exchange passed to the US dollar. It is still the fourth most traded currency after the dollar, the euro and the yen. The pound is also used as a reserve currency.
Great Britain Pound News Archive
GBP/CAD Might Be Set for 1.6724
May 28, 2020 at 7:20 Canadian Dollar, Great Britain Pound, Technical Analysis
Pound Tumbles on Brexit Hurdles as UK Reiterates Hardline Stance
May 27, 2020 at 19:05 Great Britain Pound
The Sterling pound today fell against the US dollar reversing most of yesterday’s gains as the British government reiterated its hardline stance on the December deadline. Investors sold the GBP/USD currency pair amid despair at the lack of progress, which increases the likelihood of the UK not signing a trade deal with its largest trading partner.
Great Britain Pound Gains on Majors, Falls vs. Commodity Currencies
May 26, 2020 at 18:07 Great Britain Pound
The Great Britain pound gained on its major rivals but fell versus commodity currencies amid risk appetite prevailing during today’s trading session. News from the United Kingdom itself was relatively good as well, with retail sales improving slightly and the central bank refraining from promising negative interest rates.
Bulls Back on GBP/USD from 1.2305?
May 26, 2020 at 8:36 Great Britain Pound, Technical Analysis, US Dollar
The Great Britain pound versus the US dollar currency pair seems to be trying to rotate towards higher prices. Are the bears waiting for better prices, or the bulls already started a rise?
Pound Falls on Weak UK Retail Sales Data and Risk-Off Sentiment
May 22, 2020 at 7:45 Great Britain Pound
The Sterling pound today fell against the US dollar following the release of disappointing UK retail sales data in the early London session. The GBP/USD currency pair’s decline was further fueled by the risk-off market sentiment as investors priced-in various global risks.
Price Sent by the Bears at 1.7000 on GBP/CAD
May 21, 2020 at 8:18 Canadian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Canadian dollar currency pair is at the 1.7000 psychological level. Is there a chance for the bulls to stop the bears in their tracks?
British Pound Mixed on Sliding Inflation, First-Ever Negative-Yielding Bond
May 20, 2020 at 14:12 Great Britain Pound
The British pound is trading mixed against its G10 currency competitors midweek as investors comb through the influx of April inflation data. For the first time in the nation’s history, the United Kingdom sold a negative-yielding bond, meaning that the government is being paid to borrow. In the post-Coronavirus economy, this might be the new norm for a myriad of nations around the world.
Pound Rallies Higher on Mixed Jobs Data and Upbeat Investor Sentiment
May 19, 2020 at 17:30 Great Britain Pound
The British pound today rallied higher against the US dollar extending yesterday’s gains driven by positive investor sentiment and the mixed UK jobs data. The GBP/USD currency pair today posted gains after the release of the latest jobs data showing a better than expected unemployment rate.
GBP/USD Bounced from 1.2092
May 19, 2020 at 7:25 Great Britain Pound, Technical Analysis, US Dollar
The Great Britain pound versus the US dollar currency pair corrected from the 1.2100 area. Is this a simple correction of the downwards movement, or is it a bullish comeback?
Pound Spikes Higher as UK GDP Beats Estimates Despite COVID-19
May 13, 2020 at 9:25 Great Britain Pound
The Sterling pound today spiked higher against the US dollar after the release of multiple positive UK fundamental reports including positive GDP data earlier today. The GBP/USD currency pair rallied higher as investors reacted to the positive reports, which indicated that the British economy fared surprisingly better than expected during Q1 2020.