GBP USD TECHNICAL ANALYSIS The pound jump above 1.33 price area since august last year extends on optimism that the risk of no-deal Brexit is fading. The pound continues to look for direction in line with talk of approving or canceling the upcoming Brexit Brexit time votes March 12 – Meaningful vote on a new Brexit deal. March 13 – …
GBP USD TECHNICAL ANALYSIS The pound showed signs of support last week after it went down most of the week, and on Friday it turned – that’s a positive sign. The market may be trying to find a solid reason, but there is much news from the UK regarding the Brexit transaction to confirm or reverse the continuation of the…
GBP USD TECHNICAL ANALYSIS The Pound cross down 1.3020 level but recover and continues to keep prices above the 1.30 level, last week the sterling went down till 1.2920 price level and closed the week gaining above 1.30on 1.3117 ,Reuters posted a piece regarding comments from an unnamed EU diplomat saying that the EU and Britain are very close to…
GBP USD TECHNICAL ANALYSIS The Pound continues to keep prices above the 1.30 level but will it continue?Today we have the US interest rate announcement – an important figure in itself that will affect the entire Forex market and probably the pound,other than that the main driver of Sterling’s recovery is a more promising outlook for Brexit negotiations: even though…
GBP USD TECHNICAL ANALYSIS GBP USD rallied against the dollar and reached higher level since August after EU negotiators were said to the Brexit agreement try to make it more palatable to the Britain side. from the other side, the pound has been buffeted by Brexit headlines in recent sessions, oscillating between gains and losses in volatile trading as investors…
GBP USD TECHNICAL ANALYSIS Long-term chart is showing to us that As long as GBP USD will stay above 1.360+_ Key support the trend is up – it’s not the case right now!Below 1.3170 price area, it could bring larger down trend resumption, while we have first to meet 1.3080. On the downside, break of 1.2840 support will indicate short-term…
GBP/USD TECHNICAL ANALYSIS UPDATE busy week for the British pound: inflation, employment, and sales dataWill the Brexit divorce talks be judged to have reached the point at which discussions on future trading arrangements with European Council can begin? It looks unlikely but investors will nevertheless be paying close attention to the meeting of the EU’s leaders on Thursday and Friday…
Pound Dollar Technical analysis forecast update All eyes will now be on the Bank of England’s today meeting at which policymakers are due to vote on interest rates. Members of the nine-person Monetary Policy Committee have warned that their tolerance for higher inflation, despite the weakness of the overall economy, is limited After the Brexit vote, growth was strong but…
Is the Pound Dollar facing a multi-year trend change? A nightly level occurred in the United States when two other Republican senators announced they were withdrawing their support for Trump’s health reform, effectively eliminating the president’s chances of passing the reform he has promoted in recent months. For his ability to carry out other reforms such as tax reform or…
Sterling British pound rates analysis due the upcoming elections The main event this week is the UK’s General Election. Voting takes place on Thursday, June 8th, with an exit poll due shortly after 22:00 (BST) and results to filter through over Friday morning. When Theresa May called the snap vote on April 18th, the pound rallied from just above the $1.25…