Weekly British Pound Forecast: Inflation Report Due Ahead of BOE Meeting; Brexit Talks Ongoing
As Brexit talks persist, the BOE remains sidelined. And with the UK parliament prorogued, all attention is on UK PM Johnson's talks with his EU counterparts.
GBPUSD Price Rallies to a Six-Week High, Brexit Latest
GBPUSD has just hit its highest level since late-July and is eyeing further gains on a combination of a marginally stronger Sterling complex and a weak US dollar.
EURGBP Price Outlook Tracks ECB Monetary Policy and Brexit News
Two weak currencies that are currently looking ahead to potentially defining moments that will provide a clear signal for both. How will they compare against each other？
Sterling (GBP) Price Drifts Lower on Brexit Uncertainty, Hard Data Flow Next
GBPUSD opens the week on the backfoot as Brexit rumours and news flow continue to keep traders on the sidelines. UK data on deck with a look at monthly GDP.
Sterling (GBP) Price Outlook Rattled by Brexit Confusion, PMI Weakness
Sterling remains under pressure with little scope for a sustained upside move as Brexit continues to weigh on market sentiment, while the latest batch of PMIs point to the UK economy contracting in Q3.
GBPUSD Price: Selling-Off on Talk of UK Parliament Suspension, Proroguing
The British Pound slipped lower on talk that the UK government is looking to suspend Parliament from mid-September (proroguing), limiting the time that Remainers have to stop a no-deal Brexit.
GBPUSD Price Outlook Fragile as Boris Johnson Heads to Europe
UK PM Boris Johnson is off to Europe for meetings with French President Emmanuel Macron and German Chancellor Angela Merkel with Sterling traders watching events closely.
EURGBP Price Probes One-Year High as Rally Reignites
The three-month EURGBP rally continues unabated despite the EUR struggling against other currencies. GBP remains weak but the pair are currently flashing an overbought warning.
GBPUSD, EURGBP - Sterling Slumps as No-Deal Brexit Fears Intensify
GBPUSD and EURGBP made the headlines Monday hitting levels last seen around two years ago as traders used negative Brexit headlines to hammer Sterling lower.
GBPUSD Retail Position Remains Stretched, RSI Dips into Oversold Zone
Current market conditions may produce a further decline in GBPUSD as retail position remains stretched, while the RSI pushes into oversold territory.
Sterling Outlook: GBPUSD Breaks Down, Boris Johnson Bounce Fades
GBPUSD nears its lowest level of the week, and looks at a technical breakout, as the Boris Johnson mid-week mini-bounce fades in the face of a seemingly unmovable EU.
Sterling (GBP) Week Ahead - All About Boris and Brexit
Sterling opens the week in negative territory as one senior Conservative MP resigns before Boris Johnson has even been elected as the new leader of the Tory Party.
No Mercy For GBP- Manufacturing Inflation at 33 Year Lows Adds to Brexit Woes
UK consumer inflation picked up in June, but ongoing trade war concerns are weighing on the manufacturing industry as output price growth is at its lowest in 33 years.
Crude Oil Price Test of Downtrend May Determine USDCADs Next Move
USDCAD losses in recent days have coincided with an uptick in crude oil prices. Will they continue？
GBPUSD Slumps, Data Highlights Economic Weakness, Brexit Fears
GBPUSD fell back below 1.2700 after recently released economic data highlighted the ongoing, Brexit-related, weakness in the U economy.
Crude Oil Price Drop Helping USDCAD Hold Range Support
A larger than expected build in crude oil inventories is dragging down oil prices, and in turn, the Canadian Dollar.
British Pound Jumps as UK PM May Seeks Second Referendum on Brexit
GBPUSD prices are rallying sharply amid the last-ditch effort by UK Prime Minister Theresa May to prevent a no deal, “hard Brexit.”
GBPUSD Rate Breaks Bearish Sequence Despite Cautious BoE Rhetoric
Recent price action in GBP/USD raises the risk for a near-term rebound as the exchange rate fails to extend the series of lower highs & low from the previous week.
Sterling (GBP) Outlook: UK Inflation, Brexit & ECB/Fed Minutes
A busy UK week ahead with a variety of high importance drivers for traders to look out for.
Gold Forecast Turning Bullish as Price Returns Back into Triangle
A return into a consolidation can underpin a “false breakout,” which, if so, may mean that Gold prices may have more room to run higher.