The Great Britain pound versus the Canadian dollar currency pair set the depreciation into motion. Do the bulls still have any chances?
Great Britain Pound GBP
Detailed information and fundamental factors
Central Bank: Bank of England
Interest Rate: 0.75%
Public Debt to GDP Ratio, 2017: 90.4%
Trade Balance, 2018: -$41.3 bln.
Inflation, 2018: 2.3%
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
Head and Shoulders Look-Alike on NZD/CAD: Complete
February 20, 2020 at 7:21 Canadian Dollar, Great Britain Pound, Technical Analysis
Pound Falls Despite Upbeat UK Inflation Data and Positive US Prints
February 19, 2020 at 17:33 Great Britain Pound
The Sterling pound today fell against the US dollar despite the release of upbeat UK inflation data in the early London session. The GBP/USD currency pair fell at a crucial support level, which has been cited by most analysts as the main reason for the pair’s decline.
GBPAUD Could Challenge 1.9752
February 18, 2020 at 6:49 Australian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Australian dollar currency pair seems to try climbing bigger prices. Are the bears in the search for a good spot to short from?
Pound Falls on Johnson’s Brexit Comments Amid Low Liquidity
February 17, 2020 at 19:47 Great Britain Pound
The Sterling pound today fell against the US dollar as the UK and the European Union continue to play hardball with each other ahead of the official Brexit negotiations. The GBP/USD fell for most of today’s session amid low-liquidity conditions, given that the US markets remained closed even as the country celebrates President’s Day.
Pound Rallies to 1-Week Highs as PM Johnson Reshuffles His Cabinet
February 13, 2020 at 16:57 Great Britain Pound
The Sterling pound today rallied to 1-week highs as the British Prime Minister Boris Johnson announced a major cabinet reshuffle that saw several ministers replaced. The GBP/USD currency pair started rallying hours before the official announcement as some ministers such as Sajid Javid resigned ahead of the reshuffle.
Pound Rallies Despite Brexit Headlines, Falls on Powell’s Testimony
February 12, 2020 at 18:02 Great Britain Pound
The Sterling pound today rallied higher against the US dollar extending a 3-day winning streak by riding on yesterday’s momentum created by the positive UK GDP figures. The GBP/USD currency pair later fell during the American session as the Fed Chair Jerome Powell testified before the Senate housing committee where he reiterated his hawkish stance.
Possible H&S on GBP/CAD with Neckline at 1.7160
February 12, 2020 at 6:43 Canadian Dollar, Great Britain Pound, Technical Analysis
The Great Britain pound versus the Canadian dollar currency pair seems to have a head and shoulders chart pattern coming in its way.
Great Britain Pound Stable After GDP, Other Economic Indicators
February 11, 2020 at 11:15 Great Britain Pound
The Great Britain pound was about flat against other major currencies and trimmed losses versus commodity currencies today after the release of a bunch of macroeconomic indicators in Britain. The data was not extremely positive, but apparently, markets considered it to be good enough to support the sterling.
Pound Falls to New 2020 Lows as the Dollar Hits Multi-Month Highs
February 6, 2020 at 16:50 Great Britain Pound
The Sterling pound today edged lower against the US dollar for the second consecutive session as investors remained worried about a hard Brexit. The GBP/USD currency pair fell amid a lack of significant releases from the UK docket and was fueled by the much stronger greenback.
Pound Crashes Against US Dollar on Upbeat US PMI Data
February 5, 2020 at 19:48 Great Britain Pound
The Sterling pound today attempted to rally against the US dollar, but the rally was shortlived as the greenback reversed course and drove the pound lower. The GBP/USD currency pair today rallied to its daily highs before heading lower as investor appetite for the pound waned amid a rejuvenated dollar.