Cable achieved what the euro was unable to accomplish. GBP/USD continued its weekly ascent, maintaining a position above the 1.3500 mark and approaching the 1.3550 area — levels not seen in several weeks — before settling around 1.3530 amid slight selling pressure on the dollar. The pair remained constrained during the European session. It traded … Read more
Sterling traded at $1.3469 on Thursday, remaining unchanged for the session, following a print of 1.34607 on Wednesday and reaching two-day highs above 1.3480. That positions the pair nearly at the midpoint of a range it has maintained for approximately fifteen months, and the price movements over the past nine sessions illustrate the entire issue. … Read more
Sterling declined to 1.3431 on August 3, reflecting a decrease of 0.38%, and has remained below $1.35 through Tuesday. Over the past month, the pound has appreciated by a mere 0.29% relative to the dollar. Over the course of twelve months, the gain is quantified at 1.00%. Those figures reflect a currency that has remained … Read more
GBP/USD traded at 1.3420 on Friday, reflecting a decline of 0.34% from the previous session, yet maintaining the 1.34 handle it regained following the Bank of England’s decision. Sterling appreciated by 1.09% throughout July and is currently 1.07% stronger on a year-over-year basis. The week produced the most pronounced structural change cable has experienced since … Read more
GBP/USD is currently positioned at 1.3378 following the Bank of England’s decision to maintain the Bank Rate at 3.75%, a choice reached by a 6–3 vote. This marks the fifth consecutive hold and the fifth instance of such a decision this year. The pair commenced the session at 1.3369, subsequently declining 0.2% to 1.3341 during … Read more
Sterling traded at $1.3298 against the dollar on Wednesday, up 0.09%, holding a shade under the 1.3300 handle for a second consecutive session. Tuesday’s entire range spanned under 40 pips, between a floor above 1.3250 and a ceiling fractionally above 1.3300. That is a market that has stopped moving, and it has stopped moving directly … Read more
Sterling was trading around 1.3311 against the dollar on Tuesday, down roughly 0.08% on the session and maintaining a defensive posture near the 1.3300 handle through the European morning. The pair is slightly elevated on certain metrics while facing overall downward pressure across the board, indicative of a market environment where participants are hesitant to … Read more
The GBP/USD currency pair has remained confined within a wide range for several months, and when viewed from a long-term perspective, there has been little significant change. Yet the pair is beginning to exhibit a degree of intrigue once more, as a closer examination of lower time frames reveals some noteworthy developments. That shift is … Read more
Sterling rebounded to approximately 1.3385 against the dollar during Asian hours on Thursday, following a Wednesday close at 1.3374, reflecting a decline of 0.01%. The recent bounce appears to be driven by technical factors rather than strong conviction. The GBP/USD has declined by nearly 1.2% over the past four sessions and currently stands 0.51% below … Read more
Sterling rebounded to approximately 1.3385 against the dollar during Asian hours on Thursday, following a Wednesday close at 1.3374, reflecting a decline of 0.01%. The recent bounce appears to be driven by technical factors rather than strong conviction. The GBP/USD has experienced a decline of nearly 1.2% over the past four sessions and currently stands … Read more
