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1.5474 0.0002 (0.01%)
5:14:38 (GMT)
Bid 1.5471
Ask 1.5476
Open 1.5465
High 1.5506
Low 1.5463
 

Daily Technical Analysis

The US dollar strengthen against the British pound drastically during the session on Friday, as the GBP/USD pair tested the 1.55 level. With this, it appears that the market is testing significant support, and a serious decision has to be...
The GBP/USD pair broke higher during the course of the day on Thursday, bouncing off of the 1.55 level as we had anticipated. We now feel that this market is heading to the 1.58 level given enough time, and that...
The GBP/USD pair found support at the 1.55 level during the session on Wednesday, forming a slightly positive yet neutral looking candle. If we break the top of the range from the Wednesday session, we believe that this market will...
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Weekly Technical Analysis

The GBP/USD pair fell during the course of the week, testing the 1.55 region. We find this very interesting, because the 1.55 area was massively resistive in the past, and as a result it should now be massively supportive. We...
The GBP/USD pair broke higher during the course of the week, touching the 1.58 level. We did pullback a little bit from there, but at the end of the day it does in fact look like we are going to...
More GBP/USD Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD gave back 73 points to trade at 1.5588 after Governor Carney spoke today and the greenback traded in the green today.  Sterling hovered near a 7-year high against a trade-weighted basket of currencies on Friday...
Analysis and Recommendations: The GBP/USD soared 153 points to 1.5690 after the release of an incredible strong retail sales report. The US dollar also weakened as traders continued to review the FOMC minutes released late in the day on Wednesday. ...
Analysis and Recommendations: The GBP/USD dipped 8 points after the release of Bank of England MPC minutes and the stronger US dollar. The pound is trading at 1.5506 after the lackluster inflation print on Tuesday.  Minutes from May’s Bank of...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:  The GBP/USD tumbled at the end of...
Weekly Analysis and Recommendation:   The GBP/USD had a great week...
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More GBP/USD Report

 
A strong rebound rally by the U.S. Dollar helped drive down foreign currencies and commodities on Friday. The catalyst behind the move was stronger-than-expected U.S. consumer inflation data. Traders may have also taken advantage of thin trading conditions ahead of Monday’s U.S. Memorial Day holiday. An early...
Commodity and currency markets were mixed on Thursday following the release of a report which showed Existing Home Sales for April fell 3.3 percent, missing an expected 1 percent gain to 5.24 million units. Additionally, U.S. Weekly Jobless Claims came in at 274,000, better than an expected...
July crude oil futures are trading slightly better following the release of a potentially bullish weekly inventory report. According to the Energy Information Administration, commercial inventories fell by 2.7 million barrels in the week ended May 15. Traders were looking for a drawdown of 1.3 million barrels...