Select Your Broker and Start Trading!   Best Brokers 2014

1.6984 -0.0003 (-0.02%)
12:59:56 (GMT)
Bid 1.6984
Ask 1.6985
Open 1.6987
High 1.6999
Low 1.6966
 

Daily Technical Analysis

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...
The GBP/USD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer. This hammer tells us that the market...
More GBP/USD Daily Technical Analysis

Weekly Technical Analysis

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...
The GBP/USD pair fell during the bulk of the week, but did get a little bit of a bounce towards the end of the 1.71 level. That being the case, it appears that the market is still ready to continue...
More GBP/USD Weekly Technical Analysis

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...
More GBP/USD Daily Forecasts

Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   The GBP/USD ended the week on...
Weekly Analysis and Recommendation:   The GBP/USD ended the week at...
More GBP/USD Weekly Forecasts

More GBP/USD Report

 
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...
Volatility returned to the currency and commodity markets on Thursday along with a series of key economic reports. After reaching a new low for the year early in the session, the EUR/USD rallied after manufacturing growth unexpectedly firmed in July. French Flash Manufacturing PMI came out weaker-than-expected...
September Crude Oil futures are posting a small gain shortly before the release of today’s U.S. Energy Information Administration (EIA) supply/demand report. Late last night, the American Petroleum Institute (API) weekly report showed a 0.555 million-barrel draw for crude, less than expected. At 10:30 a.m. ET, the...