After three down days in a row, the outlook for GBP/USD looks negative.
The GBP/USD pair has pulled back from a tough stratum of resistance on a mixture of Brexit fears and poor Manufacturing data.
The GBP/USD pair rose strongly on Monday afternoon after Prime Minister Theresa May said she would endeavour to make the transition out of the EU as smooth as possible.
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The Dollar Index continued to weaken on Thursday morning despite strong Existing Home Sales released on Wednesday, as signs of low productivity and slowing job growth lead to fears about the broader domestic economy
Latest report highlights the pound as a ‘buy’ despite volatility in the near-term
The release of March US Non-Farm Payrolls (NFP) on April 1, leant strength to the dollar after it showed a surprise climb in jobs, and reversed the pound to dollar exchange rate’s ascent, pushing it back down to the 1.41s.
GBP/USD has traded in a four-point range around 1.55 since May and and there is little reason to believe this to change over the coming months.
The British pound (GBP) squandered a six-week high against the greenback.
The pound neared six-week highs against the dollar after the BOE’s quarterly inflation report largely left intact expectations it could boost rates on the early end of next year.
These are good levels to exchange pounds for dollars suggests a new analysis on the GBP/USD.
New forecasts concerning the pound to dollar exchange rate (GBP/USD) confirms the end of declines may have finally taken place.
The GBP/USD is desperately trying to remain above the 1.50 support level as the UK currency feels the heat of the Euro sell-off.
Having hit fresh highs against a basket of currencies in recent times, expectations suggest the US currency is in for a period of cooling.
Pound sterling looks set to continue its new-found upside traction against the US dollar following some strong economic news out of the UK.
The British pound (GBP) has enjoyed strong gains against the US dollar as global investors rush to safety.
Market activity is likely to die off substantially after the upcoming week. But before the market can go on holiday, there is the important issue of the Dec 17 Federal Reserve meeting on monetary policy.
The US dollar exchange rate complex has made a comeback after days on the back-foot in global FX.
The US dollar may have been caught looking exposed to the latest bout of Greek economic and political woes, but it’s outlook against the British pound remains positive.