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1.5655 -0.0033 (-0.21%)
22:44:00 (GMT)
Bid 1.5640
Ask 1.5670
Open 1.5624
High 1.5738
Low 1.5626
 

Daily Technical Analysis

The GBP/USD pair fell during the course of the day on Friday, as you can see. However, the market still remains within the previous consolidation area so although it looks very soft at this moment in time, we don’t really...
The GBP/USD pair went back and forth during the course of the day on Thursday, testing the 1.57 level. The market showed a neutral candle, so quite frankly it’s almost impossible to imagine place a trade at the moment. However...
A better rebound effort than anticipated Wednesday, but despite a nudge at retrace resistance at 1.5725, the better barrier at 1.5735 peak has capped. This leaves bearish pressures intact for a roll lower to the range, given the push last...
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Weekly Technical Analysis

The GBP/USD pair fell initially during the course of the week, but as you can see found a little bit of support below in order to form a stubby little hammer. We believe that a bounce could be coming, but...
The GBP/USD pair broke down during the course of the week, and now looks very bearish. Because of this, we feel that this market will then go to the 1.55 handle, and then possibly 1.50 handle given enough time. Rallies...
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Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD tumbled 25 points as public sector borrowing increased in the previous month missing expectations. At the same time the US dollar soared to a several year record of 88.19 as the pound traded at 1.5668...
Analysis and Recommendations: The GBP/USD added only 3 points to reach 1.5684 after a rash of positive data but the strong US dollar kept pressure on the currency. Annual and monthly retail sales printed higher than expected with core sales...
Analysis and Recommendations: The GBP/USD added 39 points to trade at 1.5671 after an initial fall after Bank of England minutes showed that all members wanted to keep stimulus on hold.  The Bank of England's monetary policy committee (MPC) voted...
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Weekly Fundamental Analysis

Weekly Analysis and Recommendation:   The GBP/USD dipped on Friday to...
Weekly Analysis and Recommendation:  The GBP/USD fell most of the...
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More GBP/USD Report

 
The EUR/USD plunged on Friday in the wake of bearish comments from European Central Bank President Mario Draghi. He triggered a sell-off when he said at a banking conference, “we will continue to meet our responsibility – we will do what we must to raise inflation and...
Although US data continued on a strong note on Thursday the US dollar traded lower by 0.1%. Upbeat market sentiments which led to decline in demand for the low yielding currency capped sharp upside in the DX. The currency touched an intra-day high of 88.01 and closed...
The EUR/USD is trading weaker after Markit released data that showed the flash Euro Zone PMI Composite Output Index which follows data from both the manufacturing and services sectors, for November came in at 51.4, the lowest level in 15 months. The lack of follow-through to the...