Brexit Latest: Theresa May to Resign or Face No Confidence Vote
GBP/USD surged, heading for resistance amidst pressures in the UK to get a Brexit deal, BoE rate hike bets brewing. S&P 500 gains may translate into follow-through for Asia as Yen falls.
Average weekly earnings in the UK continue to rise faster than inflation. However, the chances of a UK rate rise – and hence a stronger Pound – remain remote because of Brexit.
Implied volatility measures for the British Pound plunged following the European Council's offer to delay Brexit again, but less uncertainty could provide GBP traders with a unique opportunity.
USD is King in Low Currency Volatility Environment, Gold Drops Below Support - US Market Open
Speculative appetite – also called ‘animal spirits’ – is holding effective control over the capital markets. Despite regular warnings over the health of the global economy and infighting that suggests there is little capacity or will to fight future fires, the markets continue their advance in pursuit of capital gains.
Sterling is trading within the confines of a near-term consolidation pattern just above key support. Here are the levels that matter on the GBP/USD charts this week.
GBPUSD Recovers, USDTRY Surges After Election - US Market Open
The British Pound may face a more bearish fate ahead of the Brexit deadline in April as the GBP/USD exchange rate threatens the upward trend from late last year.
GBP/USD gained as the UK Parliament seized control from Mays government, forcing votes on alternatives to her Brexit deal. The anti-risk Japanese Yen may rise as recession fears linger.
Spot GBPUSD could skyrocket or plummet over the next 24-hours according to implied volatility priced in to overnight option contracts as the Brexit saga continues.
GBP/USD fell on the ongoing Brexit saga as the EU gave UK Prime Minister Theresa May a third shot to pass her divorce deal in Parliament next week. Ahead, the Japanese Yen may fall.
GBP/USD fell more after it emerged that a third vote on Theresa Mays Brexit deal could be blocked. Risks for AUD/USD may be tilted to the upside on RBA minutes as Japanese Yen weakens.
GBP/USD‘s best gain in almost two years, as UK’s Parliament rejected a ‘no-deal’ Brexit, lacks upside momentum. AUD/USD may be torn between soft Chinese data,
GBPUSD Price Analysis: No-Deal Brexit Likely Avoided
The British Pound soared in early Tuesday trade on reports UK Prime Minister Theresa May is considering delaying Brexit. AUD/USDs ascent paused on resistance as
GBP/USD is holding steady as traders wait for the UKs data dump which includes GDP and Industrial Production. This week, parliament may hold a debate
GBPUSD Outcome Dependent on Key Amendments for Today's Brexit Showdown
Sterling is coming off its weekly highs heading into the weekend, but the outlook for a reinvigorated British Pound remains bullish.
GBPUSD Analysis: Bullish Momentum Building as No-Deal Brexit Risks Recede