GBP/USD prints three-day winning streak amid broad US dollar weakness.
Calls of further help to British employees add to the upside momentum.
Downbeat Brexit headlines confront the UK’s coronavirus (COVID-19) optimism amid the US-China tussle.
UK/US PMIs will join qualitative catalysts to please the
Riots in the USA, the demarche of China and Brexit
Fundamentally, the current fundamental background in the US stock market is ideal for sales. The economy shows the worst shape in history across the entire spectrum of the economy: from the labor market to GDP and retail sales. Tensions b
GBP/USD breaks above 200-bar SMA to attack 1.2400 mark.
61.8% Fibonacci retracement adds to the resistance beyond the channel’s upper line.
Multiple lows marked on May 22 could offer rests after the channel’s downside break.
GBP/USD gains 0.45% on a day while taking the bids near 1.2400 amid Monday
GBP/USD trades near the monthly high after successfully breaching 100-day EMA.
200-day EMA, April top on the bulls’ radars during the further upside.
A three-week-old support line restricts immediate declines.
GBP/USD bulls catch a breather around 1.2505, up 0.10% on a day, after visiting May month
Alok Sharma, the UK Business Minister, said in a statement on the coronavirus lockdown easing on Monday, “overall view from the scientific advisory committee is that we should lift lockdown cautiously and that is what we are doing.”
Over the weekend, the scientific advisers to the UK government warn
The risk momentum is not only accelerating its starting to really peak out.
Equity sentiment has seen the Australian market have its best week since 2011 to finish May while US markets breached all sort of technical and psychological levels with the S&P 500 crossing 3000 points for the first ti
As we already know, I was a bit bullish on the GBP crosses, mostly on the GBP/USD. At this point we can see that the first target has been reached. Continuation is possible.
1.2350-64 zone is the first POC. The 2nd POC zone comes within 1.2280-1.2305. If the pair gets to any of the zones we should
EUR/USD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is still trading above 5/8. In this case, the price is expected to break 7/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrumen
Cable could extend the upside momentum to the 1.2465 level if 1.2380 is cleared, noted FX Strategists at UOB Group.
24-hour view: “We expected GBP to strengthen last Friday but were of the view that ‘the prospect for a sustained rise beyond 1.2380 is not high’. While GBP subsequently move
The yen has strengthened amid a sputtering price action in global equity markets, while the dollar, despite this backdrop, underperformed, including against commodity currencies. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yest
GBP/USD Outlook (29 May 2020)
British Pound/U.S. Dollar FX:GBPUSD
Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support level of 1.22400. Yesterday, Bank of England committee member Michael Saunders expressed pessimism in the UK’s economy, saying that