Cable trades at 1.350171, reflecting an increase of 0.79% during the session — marking its strongest print since the highs observed in January and representing the first significant test of the 1.35 level in several months. The pair was positioned at 1.3401 during Wednesday’s European session, recorded at 1.3394 on July 12, and noted at … Read more
GBP/USD trades at 1.3387, reflecting an increase of 0.28%, following a Tuesday close at 1.3407, which marked a 0.44% gain that brought the pair back to mid-June levels.The pound experienced a rebound from an overnight low of 1.3369 on Monday, reaching 1.3391 prior to the release of U.S. inflation data. It has since recovered 1.68% … Read more
GBP/USD held at 1.3389 on Monday, finding support near 1.3370 and maintaining its recovery near 1.3400, as sterling rebounded from the weekend’s risk-off shock while the dollar’s safe-haven appeal diminished in light of Iran mediation signals. The contrast with the euro is noteworthy: while EUR/USD remains at one-year lows near 1.1390, cable has managed to … Read more
The pound is experiencing a notable period of activity. GBP/USD is trading near 1.3431 on Friday, extending a recovery to fresh one-year highs as sterling continues to outperform while the dollar loses some of its defensive appeal. The pair has risen for a third consecutive session, surpassing 1.34 after a brief dip below 1.3350 earlier … Read more
GBP/USD is currently positioned above 1.3400 on Thursday, exchanging at approximately 1.3415 during the early hours of European trading, maintaining a positive outlook as it continues to capitalise on the gains observed on Wednesday. That level is of paramount importance on the chart: 1.3400 represents the position of the 200-day moving average, which has consistently … Read more
GBP/USD demonstrated its resilience on Wednesday. While the euro was pulled down to its 1.1400 critical support level due to the Iran shock, cable managed to rise above 1.3450 during the European session, as the renewed tensions in the Middle East did not provide any impetus for the U.S. dollar. Trump declared the Iran ceasefire … Read more
GBP/USD is trading near $1.3377 as the July 4 weekend approaches, reflecting an increase of approximately 0.7% for the day and reaching a two-week high following the release of a disappointing US jobs report that prompted significant selling of the dollar. That appears to be a remarkable victory. It primarily reflects a depreciation of the … Read more
Sterling is engaged in a challenging struggle on two fronts, as evidenced by the chart. GBP/USD is currently trading around 1.3195 in Friday’s dealings, maintaining slight gains above 1.32 after recovering from a seven-month low of approximately 1.3147 earlier this week. The pair has declined from its January 28 peak of 1.3824 — a drop … Read more
The pound slid to a two-month low against the dollar Thursday, trading near $1.33 after the Bank of England held rates as expected but failed to lift sterling in the face of a resurgent greenback. The session concluded a challenging 48 hours for cable, as the currency was initially pressured lower by a hawkish Federal … Read more
GBP/USD is on the rise as the US Dollar shows signs of weakness, influenced by reports regarding a US-Iran peace agreement aimed at reopening the Strait of Hormuz. Trump announced that the agreement with the Islamic Republic of Iran is now finalised. The BoE is anticipated to maintain interest rates at their current level during … Read more
