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Pound Sinks After Comments from EU Chief Brexit Negotiator

The Great Britain pound dropped today, falling against all other most-traded currencies. It dropped even versus the Japanese yen, which previously was the weakest currency during Wednesday’s trading. The reason for that was comments from the European Union chief Brexit negotiator.

Sterling Mixed on Hopes for Brexit Deal, Rising Manufacturing PMI

The Great Britain pound was mixed today, rising against some rivals but falling versus others, despite positive fundamentals. Hopes for the Brexit deal and a better-than-expected manufacturing report were providing support to the currency of the United Kingdom.

Consolidation Phase Above 1.3261 on GBP/USD?

The Great Britain pound versus the US dollar currency pair seems to have already started a consolidation. But is this really a consolidation, or are the bears preparing a new fall?

Great Britain Pound Strong on Hopes for Brexit Deal

The Great Britain pound rose today, emerging as the strongest currency on the Forex market on Monday. The most likely reason for the sterling’s amazing performance was hopes for a trade deal between the United Kingdom and the European Union.

GBP/CAD Closing In on the 1.7567 Resistance

The Great Britain pound versus the Canadian dollar currency pair seems to be on its way to the main objective of 1.7567. Long-term perspective After the false piercing of the 1.7567 resistance, noted by the 1.7674 high, the price dropped until the 1.6810 low. From there, an ascending movement took shape, as the series of higher lows and highs point out. The fact that the bulls are willing to — and apparently accomplishing — wipe out the sharp decline that […]

Bulls Still Untouched on GBP/USD After 1.3398 High?

The Great Britain pound versus the US dollar currency pair may fall in bearish hands. But will the bulls allow this? Long-term perspective After the low of 1.2075 validated the firm support of 1.2092, the price started an ascending trend that extended nearby the 1.3502 intermediary level. However, as the 1.3502 high was well above a triple resistance area — defined by the descending trendline, the upper line of the rising channel, and the 1.3261 level — validating […]

Pound Rallies on Upbeat UK Retail Sales Data, Brexit Talks Progress

The British pound today surged higher against the US dollar boosted by the upbeat UK retail sales data, which beat analysts expectations by a wide margin. The GBP/USD currency pair’s rally was also fueled by investor optimism regarding the post-Brexit trade talks ahead of the rapidly approaching December 31st deadline.

Next Target on GBP/CAD: 1.7445?

The Great Britain pound versus the Canadian dollar currency pair seems to be determined to reach 1.7445. Can the bears change this course?

Sterling Pound Rallies Against Dollar on Upbeat UK Inflation Data

The Sterling pound today surged against the dollar boosted by the upbeat British inflation report released early in the morning and the positive investor mood. The GBP/USD currency pair’s rally was also fueled by investor hopes that the UK and EU will reach a post-Brexit trade deal before the fast-approaching December 31 deadline.

Can the Bulls Take Out the High of 1.3313 on GBP/USD?

The Great Britain pound versus the US dollar currency pair seems to be willing to go north, but do the bulls have what it takes to push the price higher?

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