GBP Slumps as CBI Warns Neither UK nor EU are Ready for No-Deal
Industry experts have warned that a no-deal Brexit would be damaging for both UK and EU industries and neither are prepared to counteract the disruption. GBPUSD eyeing 28-month lows.
FX Week Ahead Top 5 Events: August BOE Meeting & GBP/USD Rate Forecast
Spot GBPUSD trades near multi-year lows and remains firmly in the grasp of no-deal Brexit risk. Meanwhile, next week's BOE rate review could potentially shed light on further Pound Sterling weakness.
EUR Breaks Support, Boris Johnson Wins Tory Contest, CAD Extends Bearish Turn - US Market Open
EUR Breaks Support, Boris Johnson Wins Tory Contest, CAD Extends Bearish Turn - US Market Open
Further Sterling (GBP) Weakness Likely if Johnson Becomes PM
As the new Prime Minister is set to be announced at 11.00 UK time GBP may continue to lose ground if Boris Johnson is confirmed to be the new PM.
GBPUSD Downtrend May Be Amplified by BoE Credit Assessment, Brexit
GBPUSD may find its level of suffering extended into a critical support channel if the BoE credit risk assessment amplifies the level of uncertainty against the backdrop of Brexit.
UK Jobs Data Fails to Cheer Up GBP Pairs, Focus on Carney Speech
Sterling (GBP) continued its sell off pressure on Tuesday as UK jobs data provided a mixed sentiment, pushing GBPUSD and GBPEUR to year-lows.
GBPUSD Slides to Flash Crash Lows - US Market Open
GBPUSD Slides to Flash Crash Lows - US Market Open
GBPUSD Outlook: Risk of Bearish Breakdown on Flash Crash Trendline Break
GBPUSD Outlook: Risk of Bearish Breakdown on Flash Crash Trendline Break
GBPUSD Eyes Support on BoE Governor Mark Carney, AUDUSD May Rise
GBPUSD eyes downtrend resumption as Bank of England Governor Mark Carney fuels rate cut expectations. Meanwhile, IG Client sentiment offers a stronger AUDUSD-bullish trading bias.
GBPUSD Drops as UK Construction Sector Collapses, Fear of Q2 Contraction
The UK economy faces rising risks as political uncertainty weighs on growth. Construction and Manufacturing PMIs experience sharp declines. Focus on Services PMI to consolidate a direction
GBPUSD Near-Term Outlook Bearish as US Dollar Gains, AUD May Rise
The Pound Sterling outlook turned more bearish after GBPUSD cleared support as the Dollar gained and the Euro weakened. AUDUSD may rise if the RBA downplays near-term rate cut bets.
GBPUSD Bounces Off Key Trendline Support from Flash Crash Low - US Market Open
GBPUSD Bounces Off Key Trendline Support from Flash Crash Low - US Market Open
GBPUSD Rate Outlook Hinges on Bank of England (BoE) Forward Guidance
The Bank of England (BoE) meeting on June 20 may shake up the near-term outlook for the British Pound if the central bank alters the forward guidance for monetary policy.
Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms - US Market Open
Japanese Yen Drops, GBP Briefly Above 1.27, NOK Outperforms - US Market Open
GBPUSD Price Outlook: Firm UK Jobs Data Emboldens BoE Hawks
GBPUSD Price Outlook: Firm UK Jobs Data Emboldens BoE Hawks
Sterling (GBP) Weekly Forecast: GBPUSD Price Rallies to a 2-Week High
Sterling (GBP) is expected to remain around current levels over the week, with little Brexit news of late to spark volatility. The process of choosing the next Conservative leader, and Prime Minister, begins next Monday at the start of a week front-loaded full of heavyweight UK data releases.
Sterling (GBP) Manages to Continue its Recovery Despite Dismal UK Manufacturing PMI
The Pound was marginally stronger against all currency pairs despite UK Manufacturing PMI data coming in much worse than expected. Brexit stockpiling wind down was expected.
GBPUSD Volatility Rising, CAD Drops as Oil Prices Collapse - US Market Open
GBPUSD Volatility Rising, CAD Drops as Oil Prices Collapse - US Market Open
GBPUSD Drop in Focus, Brexit Optimism Keeps Fading. CAD Up on USMCA
The GBP/USD downtrend may accelerate on bearish-contrarian signals with confidence of a Brexit deal persistently fading. The Canadian Dollar is benefiting from USMCA talk progress.
GBP Downtrend Losing Control on Cloudy Brexit Outlook, Yen May Gain
The GBP/USD downtrend eyes November lows on a more uncertain Brexit outlook. Reports that US-China trade talks stalled may boost the anti-risk Japanese Yen as the Nikkei 225 falters.