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1.6980 0.0003 (0.02%)
9:31:54 (GMT)
Bid 1.6980
Ask 1.6981
Open 1.6976
High 1.6986
Low 1.6973
 

Daily Technical Analysis

The GBP/USD pair fell during the session on Friday again, closing below the 1.70 level again. That being the case, the market appears that we are going to go lower and attempt to test the 1.69 support region in order...
The GBP/USD pair fell hard during the day on Thursday, slicing through the 1.70 support region. However, there’s still plenty of support all the way down to the 1.69 level, so we do not feel it’s quite ready to be...
The GBP/USD pair initially tried to rally during the session on Wednesday, but with the Bank of England failing to impress upon the market a bit of a drive to tighten monetary policy, the British pound was in fact sold...
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Weekly Technical Analysis

The GBP/USD pair fell during the course of the week, breaking through the 1.70 handle. However, there is significant support all the way down to the 1.69 level, which could bring the buyers back into the marketplace as we are...
The GBP/USD pair went back and forth during the course of the week, showing the 1.70 level to be supportive yet again. Ultimately, we did not have that larger range, but we do recognize that the market is still positive...
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Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD is slightly in the red against the strong US dollar. The GBP is trading at 1.6984 on continued weakness after a miss in yesterday’s data and today GDP met expectations, but did not support the...
Analysis and Recommendations: The GBP/USD is trading at 1.7018 down by 26 points today as the US dollar eased also. UK retail sales missed expectations with CORE year over year and month over month both missing expectation. The overall monthly...
Analysis and Recommendations: The GBP/USD tumbled by 21 points to trade at 1.7044 after BBA mortgages missed expectations. Sterling pared gains against the dollar and the euro on Wednesday while gilt futures rose after minutes from this month's Bank of...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   The GBP/USD eased this week to...
Weekly Analysis and Recommendation:   The GBP/USD ended the week on...
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More GBP/USD Report

 
Currency traders remain sidelined this morning with low volume and little action this morning. Market focus remains on geopolitical turmoil ranging from the Ukraine to Libya on to Iraq and Israel. Over the weekend, the US pulled all embassy personnel from Libya followed by the UK. Almost...
December Comex Gold futures recovered slightly on Friday after yesterday’s sharp sell-off. Oversold conditions on the daily chart and a successful test of a key retracement area are contributing to the supportive price action. Gains are being capped, however, by the stronger U.S. Dollar. Since gold is...
Friday morning is light on data with nothing due in Australia or New Zealand. Japan released inflation numbers this morning.  The Japanese yen was little changed against the dollar on the news, staying around 101.75 after hitting a one-week high of 101.82. Japan raised its sales tax to...