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1.6040 -0.0081 (-0.50%)
14:34:08 (GMT)
Bid 1.6039
Ask 1.6040
Open 1.6116
High 1.6132
Low 1.6012
 

Daily Technical Analysis

GBPUSD bear trend intact with cap at 1.6228 Despite the better bounce effort from last week, we stated in our last report to clients that this would “open upside into midweek towards a better barrier at 1.6228, which we would...
The GBP/USD pair fell slightly during the session on Tuesday, showing that we are in fact going to have to fight our way higher. The weekly candle was a hammer, and although we have not broken the top of that...
The GBP/USD pair broke higher during the course of the day on Monday, heading higher and aiming for the 1.62 handle. The 1.63 handle above is where we expect a lot of resistance to come into play, and as a...
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Weekly Technical Analysis

The GBP/USD pair fell initially during the course of the week, but bounce significantly enough to form a nice-looking hammer. What is also interesting about this hammer is that it sits right at the 50% Fibonacci retracement level, and with...
The GBP/USD pair initially rallied during the course of the week, but found the 1.62 level to be resistive enough to turn things back around and form a shooting star. The shooting star of course suggests that there is still...
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Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD tumbled after the release of minutes from the MPC’s last meeting. The pound fell 90 points to trade at 1.6024. Sterling fell sharply against the dollar on Wednesday morning with the minutes from Bank of...
Analysis and Recommendations: The GBP/USD tumbled 13 points to trade at 1.6154 as the US dollar gained momentum ahead of the US data on housing due later in the NA session. The pound gave back some of yesterday’s gains. Sterling...
Analysis and Recommendations: The GBP/USD gained 30 points to trade at 1.6123 after Rightmove House Price indexes climbed. The US dollar remains flat ahead of the day’s data releases. The pound gained just over 0.1 percent against the dollar. Bank...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   The GBP/USD remained in a tight...
Weekly Analysis and Recommendation:   The GBP/USD fell most of the...
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More GBP/USD Report

 
The GBP/USD sold-off sharply after the release of the latest minutes of the Bank of England. The minutes showed BOE members saw greater risks to the U.K. from a slump in the Euro Zone economy, damping investor bets on an increase in interest rates. According to the...
The EUR/USD broke sharply today although it remained inside of last week’s range. The catalyst behind the move was speculation the European Central Bank is looking to buy corporate bonds on the secondary market. This move would increase liquidity, which would put pressure on the currency. The...
December crude oil futures are trading flat at the start of the week. Last week, the market sank to multi-month lows amid concerns over a weakening global economy and its impact of future demand. Value-seekers did jump in when the market reached $79.10, but after the initial...