Introduction: The GBP/USD pair has been gaining momentum in recent weeks, and according to strategists at UOB Group, this trend is likely to continue. In this article, we will explore their views on why the GBP/USD pair is poised to rise further and potentially test the 1.2600 level. The Focused.
The GBP/USD pair is showing signs of strength as it prepares to recapture the psychological resistance level of 1.2500. This follows a surge in bids on Wednesday, after US inflation figures came in as expected. This article explores the implications of this movement for traders and investors. Understanding the GBP/USD.
Introduction The foreign exchange market has been volatile for a while now, and the British pound is no exception. Sterling hit an early April peak around 1.2525 but has since then lost a bit of momentum. The Bank of England’s Governor, Andrew Bailey, has cautioned investors against making assumptions regarding.
Introduction: The Japanese yen has been affected by speculation over the Bank of Japan’s (BoJ) policy shift, causing the USD/JPY to struggle to break key resistance levels between 135 and 137. Economists at MUFG Bank have weighed in on the potential impact of the BoJ’s policy shift on the yen.
Introduction: The GBP/USD pair has seen some significant ups and downs over the past few days, with the pair hitting a one-week low around the 1.2345 region. However, the pair has since rebounded, with buyers taking over and pushing the pair higher. In this article, we will take a closer.
The GBP/USD pair has seen some volatility during the first half of the European session, as it reversed an intraday dip to sub-1.2400 levels and turned positive. However, the pair currently lacks follow-through, with its gains remaining limited. At the time of writing, the GBP/USD pair trades around the 1.2420-1.2425.
The GBP/USD pair saw a tumultuous year in 2022, marked by a series of events that sent shockwaves through the financial world. The ongoing COVID-19 pandemic and the resulting global economic downturn weighed heavily on both the British pound and the US dollar. Additionally, the uncertainty surrounding Brexit negotiations and.
Introduction: The GBP/USD pair has experienced significant volatility in recent trading sessions, as a worse-than-expected US Nonfarm Payrolls report drove the pair lower. Despite the report indicating that the US economy added fewer jobs than expected, the initial reaction favored the US Dollar, causing the GBP/USD to tumble. In this.
The GBP/USD pair saw some upward momentum during early Good Friday morning trading, as it saw its first daily gains in three days. This was due in part to the hawkish sentiments expressed by the Bank of England, as well as a cautious attitude towards the upcoming US Nonfarm Payrolls.
Introduction The British pound has been trading in a narrow range against the US dollar, consolidating around key support levels in the mid-1.24s. However, economists at Scotiabank are optimistic about the currency pair’s outlook, predicting an upward movement towards 1.2750. Background The GBP/USD is a currency pair that measures the.
GBP/USD initially dropped towards 1.2450, but it has since reversed its direction and climbed towards 1.2500 on the back of a renewed weakness in the US Dollar following the release of the ADP employment report, which showed a lower-than-expected increase in private sector jobs. The report’s disappointing figures have.
The GBPUSD pair ticked higher on Monday, thanks to a surprise announcement from OPEC+ that they will be implementing further production cuts. The news sent the price of oil and the dollar sharply higher earlier in the session. OPEC+ is a group of oil-producing nations that includes the Organization of.