Tag Archives: pound

GBP/USD At Risk for Larger Pullback As U.K. Retail Sales Falter

U.K. Retail Sales to Contract for Second Time in 2014 – Private Sector Spending Increased 7 of the 12 Months in 2013 Trading the News: U.K. Retail Sales The British Pound may face a larger correction over the remainder of the … Continue reading

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Cable Dips Despite UK Unemployment Breaking 5-Year Low

The UK Unemployment Rate, which shows the percentage of persons willing to work and actively seeking employment but who are without jobs, fell to 6.5 percent in May versus 6.6 percent in April. This reading was faithful to market expectations … Continue reading

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Sterling Rallies As Tories Win UK Election

The pound was the main winner of Friday’s Asian Session, as it rallied following the announcement of exit polls that showed Britain’s ruling conservative party winning the UK elections but probably needing the help of a junior partner to form … Continue reading

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Pound Running Out Of Steam?

The pound has been simply relentless on its charge up the charts thanks to US dollar weakness, and the continued optimism after the shock election result. The pair has now run into a strong liquidity zone that has seen plenty … Continue reading

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GBP/JPY In Final Stages Of Advance

The pound proved to be one of yen’s strongest rivals in the last month and a half. The pair rose from below 175.00 to above 190. Despite today’s intraday weakness, the bulls still seem confident enough to continue the uptrend. … Continue reading

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Euro May Test Resistance Line At 1.0820/30

The British pound knew only one direction yesterday: Upwards. U.K. employment data came in mixed, whereby wage growth slightly missed the market’s expectations, but sterling continued its recent recovery against the greenback and traded significantly above 1.52. It was not … Continue reading

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GBPJPY Pennant Formation Good News For Bears

The anaemic pound looks to be setting up for yet another tumble against the Yen. With the general atmosphere of scepticism towards the UK economy, the GBP has seen itself sliding against most currencies in the past few weeks. In … Continue reading

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GBP/JPY Pennant Formation Is Good News For Bears

The anaemic pound looks to be setting up for yet another tumble against the yen. With the general atmosphere of scepticism towards the UK economy, the GBP has seen itself sliding against most currencies in the past few weeks. In … Continue reading

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Sterling Jumps Higher On New Polls Indicating Anti-Brexit In Lead

Risk appetite was back in the markets and demand for safe haven assets eased as the anti-Brexit camp has gained momentum. The pound strengthened as the outcome of a “remain” vote in the June 23 referendum on the UK’s membership … Continue reading

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Post-Brexit Highs, Lows, Quandaries And Geopolitics

Post-Brexit Highs and Quandaries A post-Brexit range is coming into a semblance of order. The market is seeking to determine a new symmetrical level for both the pound and Japanese yen. While the next JPY trend is destined to be … Continue reading

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