Tag Archives: pound

BOE ‘Super Thursday’ Main Focus Next Week

Next week the final manufacturing and services PMIs across the globe will be ones to watch throughout the week. Data from China, Japan, Europe and the UK are all on the calendar. The pound will again be an interesting pair … Continue reading

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GBP/CHF Sees Upside Potential On The Cards

Key Points: Schiff pitchfork remains in place. Parabolic SAR bias has reversed. Stochastics are now heavily oversold. The embattled pound continues to contend with the Swiss franc and could be readying itself for another short-term victory. Specifically, the pair is … Continue reading

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Italy Continues To Dominate Headlines As Euro Hits 20-Month Low

Political risk is showing no signs of escaping the headlines after the European Union was plagued into fresh political turmoil overnight following confirmation that Italian Prime Minister Matteo Renzi suffered a humiliating defeat in the referendum over constitutional reforms, which … Continue reading

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Cable: Bears Still In Play

We are looking for a strong resistance level at 1.2630, then 1.2660 before the pair can erase its weekly gains, or else the pair can make a successful breakout from this level of 1.2660. With that in mind, pair will … Continue reading

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Dollar Hit By Washington Grind

A market that rallies on promises is taking a leap of faith, especially political promises. The pound was the top performer Thursday while the US dollar lagged on signs Trump will be slow to deliver. The RBA’s Lowe lamented the … Continue reading

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Article 50 And Scottish Referendum In The Spotlight

The pound was the best performing currency on Monday; the Cable appreciated at around 500 pips over the past 10 trading days. The British pound has already fully discounted Brexit and it is official that Theresa May will trigger Article … Continue reading

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GBP: May The Force Be With You

The day has finally arrived – for those who voted for Brexit it is a day to celebrate as a bonfire is put under all those ‘banana’ shaped European regulations. Brexit will benefit everyone by expanding wealth and liberty so … Continue reading

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Pound Surges On Inflation Figures.

The pound has surged forward in today’s trading after stronger than expected inflation figures raised the prospects of an interest rate hike from the bank of England. At 3.32pm (GMT) the British currency was trading at $1.2464 up from $1.2321 … Continue reading

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Article 50 Smooth, Fed Amps Up Rhetoric

The long-awaited Article 50 trigger was largely taken in-stride by a market that had months to prepare. Instead, it was the ECB that stole the show on a report that the market had got ahead of itself. In the US, … Continue reading

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Poll-Watching But Euro Move Looms

It’s all about the polls as the UK election winds down and the market flirts with the mother of all comebacks. The pound was the top performer in light holiday trading on Monday as it rebounded from Friday’s drubbing. CFTC … Continue reading

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