Tag Archives: GBPUSD

GBP/USD: Clear move above 1.2380 to target 1.25 and, potentially, a move on to 1.28/1.30 range.

Cable gains are extending to near 1.23. A sustained move above 1.2380 would clear the way toward 1.25, then a potential move on to the 1.28/30 range, econmomists at Scotiabank report. Firm and developing momentum under the GBP.“Short-term oscillators indicate firm and developing momentum under the GBP.” “Consolidation resistance, stemming from the sideways channel thatContinue reading “GBP/USD: Clear move above 1.2380 to target 1.25 and, potentially, a move on to 1.28/1.30 range.”

GBP resilience could be tested but fundamentals better than they were .

Since the onset of the banking sector turmoil last Thursday, the Pound is the second best performing G10 currency. Economists at MUFG Bank expect GBP to remain resilient.GBP/Risk correlation is weakening “A turn higher in risk aversion and a pause from the BoE could test the recent resilient performance of the Pound.”  “The correlation betweenContinue reading “GBP resilience could be tested but fundamentals better than they were .”

EUR/USD could nudge closer to early February highs above 1.08 on hawkish ECB press conference.

EUR/USD built gains over 1.07. ECB forecast to raise rates 50 bps on Thursday and hawkish press conference by President Christine Lagarde could lift the pair above 1.08, economists at Société Générale report. Fed repricing an opportunity for Euro bulls? “It can be argued that a rebound in EGB yields and further tightening in US/EUContinue reading “EUR/USD could nudge closer to early February highs above 1.08 on hawkish ECB press conference.”

GBP/USD rallies back closer to weekly high, around mid-1.2000s on mixed US jobs data.

GBP/USD adds to its intraday gains and spikes closer to the weekly high in the last hour.The upbeat UK GDP print continues to underpin the GBP and extend support to the pair.The mixed US NFP report weighs heavily on the USD and provides an additional boost. The GBP/USD pair catches fresh bids during the earlyContinue reading “GBP/USD rallies back closer to weekly high, around mid-1.2000s on mixed US jobs data.”