GBPUSD – British Pound Sighting New Highs Versus Dollar

GBPUSD – British Pound Sighting New Highs Versus Dollar Key Highlights The British Pound managed to gain traction against the US Dollar and traded higher. There is a bullish trend line formed on the 4-hours chart of the GBPUSD pair, which is acting as a support zone. Today in the UK, the British Retail Consortium (BRC) Retail Sales Monitor was released. The for...
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GBPUSD – British Pound Awaits Employment Report For Next Move

GBPUSD – British Pound Awaits Employment Report For Next Move Key Highlights British Pound after declining below 1.2900 versus the US Dollar found bids and recovered. There was a major bearish trend line formed on the 4-hours chart of the GBPUSD, which was broken during the recent upside move. Today in the UK, the Claimant Count Change, Rate and ILO Unemployment R...
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GBPUSD – BOE Delivers, British Pound Collapses; NFP Next

GBPUSD – BOE Delivers, British Pound Collapses; NFP Next Key Highlights The British Pound tumbled recently against most major currencies, especially against the US Dollar. The Bank of England yesterday reduced the interest rates from 0.50% to 0.25% as per the forecast. Today, the US nonfarm payrolls figure will be released by the US Department of Labor. The for...
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GBPUSD – British Pound Eyeing CPI Report For Next Move

GBPUSD – British Pound Eyeing CPI Report For Next Move Key Highlights The British Pound after trading as high as 1.3480 recently found sellers and traded lower against the US Dollar. A bullish trend line formed on the hourly chart of the GBPUSD pair acted as a support and protected the downside move. Today in the UK, the Consumer Price Index will be released by th...
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GBPUSD – Post Brexit Impact Continues On British Pound

GBPUSD – Post Brexit Impact Continues On British Pound Key Highlights There was no relief for the British Pound, as it continued to weaken against most major currencies. The GBPUSD pair created a new low this week, and looks set for a test of the 1.2800 handle. Earlier, the British Retail Consortium (BRC) Shop Price Index was released, which came in at -2% in June...
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GBPUSD – British Pound To Continue Its Downtrend?

GBPUSD – British Pound To Continue Its Downtrend? Key Highlights British Pound weakened a lot vs the US Dollar recently and traded below the 1.4500 support area. There was a support trend line on the hourly chart of the GBPUSD pair, which was broken during the downside move. In the UK today, the PMI Construction will be released by the Chartered Institute of Purch...
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GBPUSD – British Pound To Remain Under Bearish Pressure?

GBPUSD – British Pound To Remain Under Bearish Pressure? Key Highlights British Pound started this week on a bearish sentiment vs the US dollar, and may continue to move down. There is a bearish trend line formed on the hourly chart of the GBPUSD pair, which prevented gains on more than a couple of occasions. Today in the UK, the CBI Distributive Trades Survey wil...
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GBPUSD – British Pound Bulls Await BOE Meeting Minutes

GBPUSD – British Pound Bulls Await BOE Meeting Minutes Key Highlights             British Pound after trading as low as 1.4373 vs the US Dollar found support, and started to consolidate. There is a bearish trend line formed on the hourly chart of GBPUSD, which is acting as a barrier for more gains. Earlier today, the RICS Housing Price Balance survey ...
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GBPUSD – British Pound Slow and Steady Uptrend

GBPUSD – British Pound Slow and Steady Uptrend Key Highlights             British Pound climbed higher vs the US Dollar during the past few days and looks set for more strength. There is a bullish trend line formed on the hourly chart of the GBPUSD pair, which may act as a support area if the pair corrects lower. In the UK today, the Mortgage Approvals w...
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GBPUSD – British Pound Setting Up For More Losses

GBPUSD – British Pound Setting Up For More Losses Key Highlights             British Pound traded down recently against the US Dollar, and broke a major support area. There was a bullish trend line formed on the 4-hours chart of the GBPUSD pair, which was broken to clear the path for more downsides. Today, the UK Manufacturing Production will be released...
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