GBP
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GBP/USD forecast: Seasonality favours April, particularly from the 8th
Last week I highlighted that GBP/USD tends to deliver the strongest returns in April. Today we take a closer look to identify the most bullish phase of the most bullish month.
British Pound Technical Forecast: GBP/USD Holds Confluent Support at the 200DMA
GBP/USD held in a range for much of Q1, even as USD strength re-appeared. But a fundamental twist in March puts bulls on their back foot, with GBP/USD limping into Q2 at confluent support.
GBP/USD forecast: Bullish breakout faces US inflation test, buying the dip preferred
Having hit fresh 2024 highs after breaking downtrend resistance with force, the question for GBP/USD this week is whether the move can extend further, bringing a potential retest of the July 2023 highs onto the radar?
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GBP/AUD: Scrutiny of RBA, BOE interest rate outlooks generate potential pivot point
The GBP/AUD uptrend faces a string of big tests over the next 24 hours, potentially influencing the outlook for interest rates from the BoE and RBA.
GBP/USD: BoE ‘hawkish hike’ likely required to prevent further downside
Only a ‘hawkish hike’ from the Bank of England (BoE) is likely to be enough to turn around the fortunes of GBP/USD given rapidly weakening fundamentals.
GBP/USD, GBP/AUD: British pound breaking down on multiple fronts
GBP/USD has looked healthier on the charts, closing below a key support zone on Thursday. Downside risks for GBP/AUD are also growing.
British Pound Analysis: GBP/USD Under Pressure Ahead of Quarter-End, 1.25 in Focus
Many analysts are attributing this week’s downdraft in GBP/USD to month- and quarter-end rebalancing ahead of the weekend, so there’s certainly potential for a bounce as we head into next week.
GBP/USD analysis: Pound breaks out to a 10-month high near 1.25
GBP/USD has broken out above strong previous resistance in the 1.2450 area to hit a fresh 10-month high!
Powell puts a 50bps March hike firmly on the radar, GBP/USD tests 2023 lows
According to the CME’s FedWatch tool, investors are now pricing in a 60/40 shot of a 50bps rate hike in two weeks’ time and that rates could peak above 5.5%.
Fiat Money: What is a Fiat Currency?
A fiat currency is a monetary instrument backed by a national government like the British pound or Canadian dollar. Learn how fiat currencies operate and how they compare to other types of money.
GBP/USD rallies to the mid-1.21s, despite big bets on a 6% Fed rate
One trader amassed a large position in options that would make $135 million if the central bank keeps tightening until September!
What is the oldest currency in the world?
The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.
European Open: GBP drifts higher, ISM manufacturing and JOLTS in focus
Whilst GBP as under pressure from talk of tax hikes, GBP/USD remains above a key support level ahead of today’s ISM and JOLTS job opening reports.
UK CPI preview: A return to double-digit inflation on tap
This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates...
UK CPI preview: A return to double-digit inflation on tap
This week’s UK CPI reading will still be one of the biggest factors driving the Bank of England’s early November decision on interest rates...
UK PM Truss ousts Kwarteng. But did PM Truss do enough to save herself?
Markets will be searching for answers next week as to “What’s next?” for Truss. Has she done enough to save her political life?
UK PM Truss ousts Kwarteng. But did PM Truss do enough to save herself?
Markets will be searching for answers next week as to “What’s next?” for Truss. Has she done enough to save her political life?
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European Open: GBP spikes on reports the BOE may extend bond purchases
The BOE have now done two U-turns within 24hrs, by first cancelling their bond buying programme but then signalling behind closed door they may extend it.
Forex vs stocks: what are the key differences?
The foreign exchange market and stock market are two of the most popular to trade due to their volume, volatility and range of markets available. Discover which is best for you here.
The pound is sent into the ground during thin Asian trade
The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.
GBP/USD freefall: Where will it stop?
The 1985 low in the 1.0500 area could beckon in due time, but given the deeply oversold reading on the 14-day RSI, we would expect a short-covering bounce before then...
GBP/USD: Why pound parity (1.00) is a potentially plausible prospect
The eerie similarities to the mid-1980s hint that GBP/USD could fall toward parity (1.00) in the coming quarters...
2022 Conservative Party leadership election: What’s at stake for the GBP?
Truss is arguing for looser fiscal policy and tighter monetary policy, a policy stance that has historically supported strength in the underlying currency