Pound Tumbles as Rate-Hike Bets Cut on Renewed Recession Fears
(Bloomberg) -- The pound tumbled and investors rushed to the safety of government bonds after an index of UK private sector growth unexpectedly slid in May to reawaken fears of a...
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GBP/USD - British Pound US Dollar News & Analysis
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GBP/USD: Bearish shift after breaking below 1.25
GBP/USD has declined sharply after having tested 1.26. As FXStreet’s Eren Sengezer notes, sellers could retain control if the pair fails to reclaim 1.
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GBP/USD Forecast: Pound's fragility comes into view amid recession fears
GBP/USD has reversed its direction in the European session on Tuesday and dropped below 1.2500, erasing the majority of the gains it registered on Mon
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Dollar Up, but Small Signs of Economic Recovery Limits Gains
By Gina Lee Investing.com – The dollar was up on Tuesday morning in Asia. The safe-haven asset clawed back some of its overnight losses, and the yen also strengthened, as U.S. stock futures...
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GBP/USD consolidates around 1.2560 as investors await PMI numbers, Fed’s Powell eyed
The GBP/USD pair is oscillating in a narrow range of 1.2560-1.2593 in the early Tokyo session as investors are awaiting the release of the Purchase Ma
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GBP/USD rallies and approaches the 1.2600 mark in a risk-on mood, weaker greenback
The British pound is extending its recovery after posting its first weekly gain in five and begins the beginning week on the right foot on Monday. At
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GBPUSD moves above the 38.2% retracement of the last trend move lower in trading today
GBPUSD breaks above the 38.2% retracement The GBPUSD has seen a break and move above its 38.2% retracement of the last trend move down which started on April 21. That level comes in at...
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GBP/USD: Scope for a deeper recovery, but strength still seen as corrective – Credit Suisse
GBP/USD looks likely to see a deeper corrective recovery. Nonetheless, the broader view of the Credit Suisse analyst team stays bearish, with key resi
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GBP/USD rides wave of US dollar weakness, now in the upper 1.2500s as key events loom
GBP/USD is on Monday benefitting from a wave of US dollar weakness and was last trading in the upper 1.2500s, its highest levels in more than two week
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Dollar Slips; Risk Sentiment on the Rise
By Peter Nurse Investing.com - The U.S. dollar weakened in early European trade Monday, with risk sentiment boosted by hopes that loosening lockdowns in China can help global growth. At 2:55...
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Dollar Down, Investors Cut Bets on Further Dollar Gains
By Gina Lee Investing.com – The dollar was down on Monday morning in Asia as investors cut bets on further gains from rising U.S. interest rates and hoped that loosening lockdowns in China...
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GBP/USD holds onto weekly gains, near 1.2500
The GBP/USD is moving sideways on Friday, consolidating slightly below 1.2500. The pair remained steady even as stocks in Wall Street turned negative.
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GBP/USD Weekly Forecast: Will the recovery sustain above 21 DMA?
Bulls were finally rescued, as GBP/USD stalled its four-week downtrend and rebounded firmly from two-year lows of 1.2155 reached a week ago. A tempora
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GBPUSD trades up and down in a fairly narrow trading range
GBPUSD stay below the 1.2500 level The GBPUSD is confined to a 60 pip trading range today. That compares to a 145 pip average over the last 22 trading days. There is some consolidation of...
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U.K. Consumer Confidence Hits All-Time Low but Retail Sales Bounce
By Geoffrey Smith Investing.com -- U.K. consumer confidence sank to a new all-time low this month as the country's cost-of-living crisis took an ever-tighter grip on the public mood. Market...
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Dollar Edges Higher but Set for Losing Week; China Cuts Key Rate
By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Friday, but is still heading for its worst week since February as traders reacted to lower U.S. Treasury...
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Dollar Up, but Set for Worst Week Since Feb 2022 as Headwinds Remain
By Gina Lee Investing.com – The dollar was up on Friday morning in Asia, headed for its worst week since early February 2022 as U.S. Treasury yields retreat and fatigue after the greenback's...
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GBP/USD trims the first weekly gain in five near mid-1.2400s ahead of UK Retail Sales
GBP/USD takes offers to renew intraday low near 1.2445, paring the biggest weekly gains in five during Friday’s Asian session. The cable pair cheers b
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GBP/USD bulls defying gravity for a restest of critical resistance
At 1.2498, GBP/USD is higher by some 1.3% on the day and trading close to the highs of 1.2524. The pair has rallied from a low of 1.2334 despite growi
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GBP/USD laughs at risk aversion and hits two weeks highs above 1.2500
The GBP/USD is rising on Thursday, making a full recovery from Wednesday’s slide even as the stock market stays in red and under pressure. The pair ro
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GBPUSD trades to new highs and tests 38.2% of the last trend move
GBPUSD moves to a new week high but stalls at 38.2% retrace The GBPUSD traded to a new session high, and in the process tested the 38.2% retracement of the move down from the April 21...
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GBP/USD recovers back above 1.2400s, focus turns to Friday’s key UK Retail Sales report
After dipping more than 1.0% on Wednesday amid broad risk-off macro flows and technical selling after a rejection of the 21-Day Moving Average, GBP/US
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Dollar Edges Lower; Risk Sentiment Remains Fragile
By Peter Nurse Investing.com - The U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session’s substantial gains although the safe haven remains in...
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Dollar Down, but Investor Sentiment Remains Fragile Over Recession Fears
By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia. Safe-haven currencies pressed paused after the previous session’s big gains. However, concerns are growing that...
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GBP/USD struggles to defend 1.2350 as Brexit woes join flight to safety
GBP/USD remains pressured around 1.2350, following the heaviest daily fall in a fortnight, as traders seek fresh clues during Thursday’s Asian session
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GBP/USD – Can it Break major support?
Possible divergences appearing The pound has come under heavy pressure recently, particularly against the dollar which has been performing well against the broader market. While the BoE is...
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Retail Earnings, European Inflation, EIA Inventories - What's Moving Markets
By Geoffrey Smith Investing.com -- More big U.S. retailers report earnings, fleshing out the messages sent on Tuesday by the retail sales report and Walmart (NYSE:WMT). The European Central...
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GBPUSD back below the last week's highs
GBPUSD trades above and below the highs from last week The GBPUSD broke to the upside yesterday with the pair moving back above the 200 hour MA with a vengence. The price was also able to...
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GBP/USD pares intraday losses, keeps the red around 1.2420 area amid stronger USD
The GBP/USD pair trimmed a part of its heavy intraday losses and was last seen trading near the 1.2420 region, still down over 0.50% for the day durin
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GBP/USD: Corrective phase to emerge with resistance seen at 1.2533/43 – Credit Suisse
GBP/USD looks likely to see a corrective recovery, in the opinion of economists at Credit Suisse. Key resistance is seen at 1.2533/43, then 1.2633/39.
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Dollar Edges Higher; U.K. Inflation Soars to 40-Year Highs
By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Wednesday, rebounding after overnight losses, while sterling weakened after U.K. inflation soared in...
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U.K. Inflation Hits 9% in April; Highest Since 1982
By Geoffrey Smith Investing.com -- Inflation in the U.K. leaped to 9% in April, its highest level since 1982, as a thumping rise in regulated household energy bills took effect. The consumer...
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Dollar Up, Improving Risk Sentiment Boosts Euro and Pound
By Gina Lee Investing.com – The dollar was up on Wednesday morning in Asia. Overnight surges gave the euro and pound a boost in early trading, alongside strong U.K. jobs data and a general...
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GBP Rallies as Strong Jobs Data Keeps BoE Rate Hike in Play; Record Inflation Eyed
By Yasin Ebrahim Investing.com -- The pound surged against the dollar Tuesday as a stronger-than-expected labor market is expected to give the Bank of England the green light to continue...
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GBP/USD could head as low at 1.20 on a 3-month view – Rabobank
Despite the recovery seen on Tuesday in the GBP/USD pair, the pound is not out of the woods. They consider risk appetite looks vulnerable and warn the
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GBP/USD rallies into upper 1.24s post-strong UK jobs data, eyes 21DMA in 1.25s despite rising Brexit risk
Recent concerning headlines highlighting the rising risk that a spat over the Northern Ireland border into a fully-fledged trade war between the UK an
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GBPUSD races higher and away from hourly MAs as upside probing continues
GBPUSD support now near 1.2400 The GBPUSD moved up to test the 200 hour MA in trading yesterday - closing just above the key level. The price had not closed above that MA since May 3rd,...
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Dollar Edges Lower as Risk Appetite Returns
By Peter Nurse Investing.com - The U.S. dollar edged lower in early European trade Tuesday, slipping back from a 20-year high as gains in global equity markets helped risk appetite rebound...
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