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1.6199 0.0016 (0.10%)
23:44:18 (GMT)
Bid 1.6198
Ask 1.6199
Open 1.6183
High 1.6200
Low 1.6182
 

Daily Technical Analysis

The GBP/USD pair fell during the day on Tuesday, but found enough support at the 1.62 level to turn things back around and form a little bit of a hammer. With that being said, we feel that the market could...
GBPUSD bear trend extension risk into October A lower low and lower high Monday to reinforce the push below 1.6245 on Friday, as we had expected to leave risk to the bottom of the broad range seen as 1.6525 to...
The GBP/USD pair rose during the course of the day on Monday, but as you can see ran into a bit of trouble at the 1.63 handle. With that, it appears that the market is ready to drift a little...
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Weekly Technical Analysis

The GBP/USD pair initially tried to rally during the course of the week, but then turned back around to fall and close near the 1.6250 region. The hammer just below from two weeks ago of course should provide plenty of...
The GBP/USD lost ground last week as the euphoria from the favorable outcome from the Scottish independence vote the previous week effectively wore off. If you recall, there was a strong short-covering rally the week-ending September 19 when Scottish voters...
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Daily Fundamental Analysis

Analysis and Recommendations: The GBP/USD eased by 13 points to trade at 1.62 after manufacturing PMI missed expectations. The U.K. also received downbeat data from Markit, as Britain’s manufacturing sector in September expanded at the slowest pace in 17 months...
Analysis and Recommendations: The GBP/USD eased by 28 points to trade at 1.6215 after housing prices missed expectations and GDP beat forecasts. The strength of the US dollar was hard for the currency to combat today. Britain’s economy grew faster...
Analysis and Recommendations: The GBP/USD eased by 5 point to trade at 1.6240 as traders tried to interpret Mr. Carney’s statements and if and when a rate increase would be appropriate. There is a lack of data to help the...
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Weekly Fundamental Analysis

Short-covering following the Scottish independence vote on September 18 helped...
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More GBP/USD Report

 
Turmoil in Ukraine and concern that global growth is slowing helped drive investors into U.S. government securities, driving down Treasury yields. This helped diminish demand for the U.S. Dollar. Also out of the U.S., private jobs data from ADP Research Institute showed the U.S. economy added 213,000...
Outlook and Recommendation The GBP/USD just can’t get a break this month. After touching the 1.64 range the pound closed the month at 1.6213. Surviving the Scottish referendum the pound should grow as the UK economic situation remains positive. Jobs are doing well along with manufacturing while...
The GBP/USD weakened in September. The selling pressure started early in the month over concerns about the outcome of the Scottish Independence vote. Low inflation worries also pressured the Forex pair. The biggest influence on the market, however, was rising U.S. interest rates. The fact that Scotland...