Posts Tagged ‘GBP/USD’

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UK Inflations Eases in October

Today, the British pound holds its grounds against the US dollar, however, the pair remains under pressure. Brexit still influences the sentiment of the traders. Yesterday, the British currency fell after the news about the possible resignation of Prime Minister Theresa May. About 40 members of the UK Parliament have agreed tio sign a letter of no confidence in Theresa May amid the fruitless negotiations on the UK withdrawal from the EU. May people […]

European Session Sees Mixed Trading: EUR Rises, GBP Falls

Deals on the European trading session are mixed today. While the euro struggles to resist dollar's pressure, the British pound surrenders to its American counterpart. The most traded currency pair is hovering near the level of 1.1650. Investors price in the forecasts of experts assuming that economic growth in the eurozone will gather momentum. Last week, the meeting of the European Commission was held where the officials improved the outlook for the GDP expansion from 1.8% […]

GBP Attracts the Attention of Traders

The British pound attracted the attention of traders in the European trading session. The GBP/USD pair has shrugged off the pressure that it suffered on Thursday and currently is trading at the level of 1.3150. Earlier, experts predicted that the sterling would recover ahead of publication of the key macroeconomic statistics. According to official reports, the industrial production in the United Kingdom rose by 0.7% in September, hitting the highest level in a year. The annual pace of growth accelerated from 1.8% […]

GBP Stays at Lows While EUR Strives to Go Higher

There is a different trading sentiment in the European deals than in Asia. Today, no significant macroeconomic reports will be revealed in the eurozone, but the EUR/USD pair still resists the downtrend hardly. Meanwhile, activity of pound traders is quite sluggish. The single European currency keeps trading above 1.16 levels. Despite forecasts for the pair's weekly close in the red, the euro is not giving up. Meanwhile, the GBP/USD pair is […]

What to Expect from BOE?

During the European session today, traders are focusing on the British pound. Market participants expect the outcome of the Bank of England meeting initiated to determine the course of monetary policy. Everyone is waiting for the Bank of England to raise the rate today. These expectations are based on high inflation and low unemployment. Nevertheless, the ECB has extended the quantitative easing program, which could be a serious obstacle for the Bank of England amid the consequences of Brexit. If […]

Can Pound Remain in Demand?

Today, the British pound continues to grow steadily against the US dollar. Investors are waiting for the meeting of the Bank of England. While the results of the November Fed's meeting are already known, the Bank of England keeps the majority of investors on edge. The bank is expected to tighten its monetary policy during the meeting scheduled tomorrow. The GBP/USD pair is trading around 1.3320. Investors also wait for the publication of forecasts for GDP and inflation. Today, the UK […]

GBP Gains Ground but EUR Is Still Under Pressure

The most traded currency pair managed to break above 1.16, but further rally will unlikely be sustained. The euro is trading at 1.1631 against the US dollar. Experts say that macroeconomic statistics from the eurozone did not change the attitude of traders towards the single currency. The pair gains ground on the back of the weaker greenback that lacks momentum due to geopolitical factors. Meanwhile, the Eurostat released the flash inflation data […]

British Pound Long Term Forecast

Alessio Rastani in this video shows you two controversial charts for the GBP/USD pair, support and resistance levels, and potential elliott waves. Looking at the chart, as pound hits that resistance line, the peak that the pound made in September, and also the 21-period monthly average, near the 1.36 level. It has dropped since then. There is one argument to be made that the pound could actually break lower and head all […]

USD Declines amid Growing Expectations for BOE Rate Hike

Today, the British pound fell against the US dollar ahead of the publication of important macroeconomic statistics. However, the released data encouraged investors. According to the preliminary data, the annual statistics indicated growth of the economy in the third quarter by 1.5%, defying the expectations of the economists for a slowdown of 1.4%. Quarter on quarter, the first estimate of the UK GDP showed an increase of 0.4%, after a 0.3% rise in the second quarter. Market participants expected the economy to maintain its previous growth […]

EUR Weakens Against USD, GBR Changes Slightly

On Monday, the euro opened the European trading with a decline against the US dollar The EUR/USD pair is trading near 1.1750 after falling by more than 1% from the Friday level. Release of many macroeconomic indices is scheduled this week. However, these data are unlikely to affect the movement of the euro. The ECB meeting is expected this week. Market participants hope to hear precise data on the beginning of the QE program […]