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1.6803 0.0024 (0.15%)
15:18:01 (GMT)
Bid 1.6803
Ask 1.6804
Open 1.6780
High 1.6807
Low 1.6765
 

Daily Technical Analysis

The GBP/USD pair fell during the session on Wednesday, breaking down below the 1.68 level during the day. However, the market still has plenty of support below, and as a result we feel that buying the British pound is in...
The GBP/USD pair rose during the session on Tuesday, but could not breakout to fresh new highs. However, the 1.6850 level looks like its being challenged rather significantly, so we feel it’s only a matter of time. A move above...
The GBP/USD pair tried to rally during the session on Monday, but as you can see giveback most of the gains. At the end of the day, we had form a shooting star, which of course is a negative sign...
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Weekly Technical Analysis

The GBP/USD pair initially fell early in the week, but as you can see bounced enough to form a positive candle. With that, the market looks like it’s supported and we are going to continue to go higher. If we...
The GBP/USD pair broke higher during the week, but as you can see pulled back to the 1.68 handle. That to us is the area that we need to get above in order to start buying again, as we feel...
More GBP/USD Weekly Technical Analysis

Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD gained 13 points to trade at 1.6796 as traders recovered from their disappointment in the MPC minutes. Speculators seem sure that the BoE was close to raising interest rates but the minutes showed that the...
Analysis and Recommendations: The GBP/USD eased by 28 points to trade at 1.6795 after the MPC meeting minutes seemed to indicated that the members were not contemplating an interest rate increase in the near future. A flurry of pharmaceutical mergers...
Analysis and Recommendations: The GBP/USD was the star performer today adding 35 points to trade at 1.6827. Decent factory production figures combined with another strong month for the labor market sent March’s index of US Leading Indicators higher. The composite...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:  The GBP/USD ended the week at...
Weekly Analysis and Recommendation:  The GBP/USD ended the week well...
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More GBP/USD Report

 
The EUR/USD weakened on Thursday after European Central Bank President Mario Draghi reiterated the central bank’s concern about the relatively high exchange rate. He also added that further strength could mean the ECB would implement fresh stimulus in an effort to weaken the currency. Furthermore, Draghi said...
The EUR/USD rose on Wednesday as manufacturing and services in the Euro Zone expanded more than economists forecast, leading speculators to decrease bets the European Central Bank will further ease monetary policy. The Euro rallied further against the dollar after sales of new U.S. homes unexpectedly declined...
The GBP/USD rallied on Tuesday as speculators increased bets tomorrow’s Bank of England minutes will contain talk of raising borrowing costs. Declining U.K. government bonds is also a sign that investors are looking for higher interest rates. With upside momentum increasing, the British Pound is moving closer...