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Tag: GBP


Capital and Risk, Liquidity

EUR/USD Testing 200-SDMA Resistance, EUR/GBP Slipping Into Support

February 23, 2024

Via: DailyFX

German GDP fell by 0.3% in Q4 2023 compared to the third-quarter, and by 0.4% on the same quarter a year ago, data released by the Federal Statistics Office (Destatis) today confirmed. “The German economy ended 2023 in negative territory. […]


Capital and Risk, Liquidity

GBP Price Action Setups: GBP/USD, GBP/AUD on the Back Foot Ahead of Massive Week

September 15, 2023

Via: DailyFX

GBP has faced selling pressure this week weighed down in part by GDP data, with an increase in total earnings unable to arrest the slide. Now obviously there was some mitigating effects on the recently released data which may blur […]


Capital and Risk, Liquidity

GBP/USD Up, Below Recent Highs As Markets Look To Fed

June 12, 2023

Via: DailyFX

The British Pound made gains on the United States Dollar on Monday as a week packed with central-bank interest-rate decisions kicked off. We’ll hear from the European Central Bank and the Bank of Japan but, of course, the US Federal […]


Capital and Risk, Macroeconomic

British Pound (GBP/USD) Latest: IMF U-Turn, UK PMIs, US Debt Talks

May 23, 2023

Via: DailyFX

The International Monetary Fund (IMF) has performed a quick U-turn on the UK’s growth outlook and now sees the economy expanding by 0.4% in 2023. In January this year, the IMF predicted that the UK economy would contract by 0.6% […]


Capital and Risk, Liquidity

GBP/USD Moves Higher on Mixed GDP Data, US Dollar Weakness

April 13, 2023

Via: DailyFX

The UK economy stood still in February as industrial action in various areas of the services sector contributed to UK growth flatlining. The latest Office for National Statistics (ONS) monthly GDP data showed no growth in February with the services […]


Capital and Risk, Liquidity

GBP/USD Grinds Higher as US Data Releases Near

March 30, 2023

Via: DailyFX

GBP/USD traders will have found life difficult this week with the pair moving sideways to marginally higher in a tight trading range. Both the British Pound and the US dollar have had little reason to move either way with a […]


Capital and Risk, Liquidity

EUR/GBP Forecast: Euro Takes Centre Stage Via ECB Speakers

January 11, 2023

Via: DailyFX

The euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need […]


Capital and Risk, Liquidity

British Pound Technical Outlook Diverges With GBP/USD, GBP/JPY Positioning Signals

January 5, 2023

Via: DailyFX

The British Pound gained 0.77 percent against the US Dollar and 1.96 percent against the Japanese Yen on Wednesday, respectively. These reflected the best days for GBP/USD and GBP/JPY since December 13th and October 13th, respectively. Looking at IG Client […]


Capital and Risk, Liquidity

British Pound Latest – GBP/USD Treads Water as US Data Deluge Nears

November 28, 2022

Via: DailyFX

The US dollar has given back all its early gains and is now trading in negative territory in early European turnover. The greenback rallied in Asian trade as Chinese covid-zero protests spread, but the strength of the Euro and the […]


Capital and Risk, Liquidity

British Pound Latest: GBP/USD Caught Between The Fed and The BoE

October 31, 2022

Via: DailyFX

It looks highly likely that both the Federal Reserve and the Bank of England will hike their borrowing rates by 75 basis points this week, as both central banks continue to struggle with persistently high inflation. While both announcements will […]


Capital and Risk, Liquidity

British Pound Update – GBP/USD Stuck in a Rut Ahead of The BoE

August 3, 2022

Via: DailyFX

The Bank of England is expected to hike interest rates for the sixth consecutive meeting on Thursday as the central bank continues to grapple with soaring inflation. The UK central bank is seen hiking the Bank Rate by 50 basis […]


Capital and Risk, Liquidity

British Pound (GBP) Forecast: Positive Start for Cable on Spring Bank Holiday

June 2, 2022

Via: DailyFX

GBP/USD called back some of yesterday’s downside in the Asian and European sessions after the dollar took its foot off the pedal as U.S. Treasury yields eased. Currently, the UK economy is under pressure from rampant inflation and slowing manufacturing […]


Capital and Risk, Liquidity

Bank of England Preview: How Will The Pound (GBP) React?

February 2, 2022

Via: DailyFX

The Bank of England is expected to deliver a 25bps hike at its upcoming meeting with a 9-0 vote split. A reminder that last month, Tenreyro had been the sole dissenter, voting to keep the Bank rate unchanged given the […]


Capital and Risk, Liquidity

GBP/USD Dragged Lower by Weak Retail Sales, Ongoing Political Turmoil

January 21, 2022

Via: DailyFX

The political pressure on UK PM Boris Johnson continues unabated with media reports that Boris Johnson knew that the Downing Street party he attended was a social event and not a work event, implying that he lied to Parliament. The […]


Capital and Risk, Liquidity

GBP/USD Outlook – Sterling Propped Up by Data But US Dollar Strength Controls Cable

November 19, 2021

Via: DailyFX

Keep up to date with all market-moving data releases and events by using the DailyFX Calendar The latest UK retail sales data for October beat market expectations, boosted primarily by higher sales in non-food stores, according to the Office for […]


Capital and Risk, Liquidity

EUR/GBP Likely to be Choppy as BOE-ECB Risks Unfold

October 27, 2021

Via: DailyFX

EUR/GBP continues to trade with a bearish inclination as the pound remains supported by expectations that the Bank of England will need to step up its efforts to reduce monetary stimulus in its meeting next week. The pair has been […]


Capital and Risk, Liquidity

British Pound (GBP) Boosted as Bank of England Warns of Higher Interest Rates

October 11, 2021

Via: DailyFX

The Bank of England may need to hike interest rates earlier than previously expected as UK inflation runs hot, according to two members of the central bank’s rate-setting committee. Speaking to the Yorkshire Post, BoE governor Andrew Bailey said that […]