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Pound Rallies on Upbeat Sentiment and Hawkish BoE Rate Decision

The Sterling pound today rallied higher against the US dollar driven by the dominant risk-off market sentiment, which triggered a sell-off in the greenback. The GBP/USD currency pair today rallied higher as investors reacted to the Bank of England‘s latest monetary policy decisions.

GBP/CAD May Target 1.7160

The Great Britain pound versus the Canadian dollar currency pair managed to appreciate from 1.6620. Would the pair be able to sustain the gains?

Pound Rallies on Upbeat Sentiment Despite Mixed UK PMI Prints

The pound Sterling today posted gains against the US dollar ignoring the weak UK PMI data points released by Markit Economics in the early Londo session. The GBP/USD steadily inched higher from the new multi-year highs posted on Last week as the British government’s lockdown measures had a positive impact on investor sentiment.

Pound Remains Under Pressure Despite Bank of England Rate Cut

The Sterling pound today had a muted reaction to an emergency rate cut by the Bank of England after the close of the London markets. The GBP/USD spiked higher briefly before heading lower as the greenback posted gains due to high demand.

Pound Crashes as Investors Prepare for Worsening UK Conditions

The British pound today crashed to new lows against the US dollar as investors fled the pound amid widespread coronavirus fear in the United Kingdom. The GBP/USD currency pair’s woes were associated with investors’ adverse reaction to the British government’s delayed response to the coronavirus pandemic.

Support of 1.6986 Still Holds on GBP/CAD

The Great Britain pound versus the Canadian dollar currency pair respects some very important lines. But which are the new perspectives concerning the old lines?

Pound Crashes Against Strong US Dollar as Global Equities Crash

The Sterling pound today fell against the US dollar driven by the risk-off market sentiment that dominated global markets amid a major equities sell-off. The GBP/USD extended its losing streak for the third consecutive day and printed new 2020 lows as investors shrugged off the stimulus package announced by the Bank of England yesterday.

Sterling Extremely Volatile After BoE Emergency Interest Rate Cut, Disappointing GDP

The Great Britain pound was extremely volatile today. The main reason for the currency’s sharp moves was an emergency interest rate cut from the Bank of England. The sterling sank immediately after the announcement, recovered quickly afterward but backed off a bit after a release of a bunch of disappointing macroeconomic reports, including GDP print.

Pound Falls on UK Politics and US Fiscal Stimulus Expectations

The British pound today fell against the much stronger US dollar as markets waited for a fiscal stimulus package to be announced by the US government. The GBP/USD currency pair was also weighed down by British politics as the government gave up its massive majority in a crunch vote on Huawei.

GBP/CAD Jumps Back Above 1.7811

The Great Britain pound versus the Canadian dollar currency pair gapped above the important long-time resistance area of 1.7811.

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