|Day's range||0.881 - 0.885|
|52-week range||0.8636 - 0.9086|
Investing.com - This week investors will be continuing to monitor U.S.-China trade negotiations for signs of progress, while the ongoing government shutdown continues to delay some key U.S. economic reports.
Investing.com - The U.S. dollar pushed higher against a basket of its key rivals on Thursday, building on its recent strong gains, while the pound slipped amid softer risk sentiment.
The British pound, as expected, experienced a high volatility day on Tuesday. As the result, however, the currency avoided serious pressure, ending Tuesday’s near levels at the opening. During the day on Tuesday, the pressure on the pound increased, sending GBPUSD from 1.2850 to 1.2700.
Yesterday we had a real roller-coaster on the GBP. Well, no surprise here as we had a Brexit vote and everybody expected the increase in volatility.
Investing.com - The pound firmed up on Wednesday following a plunge overnight when the UK parliament overwhelmingly voted down Prime Minister Theresa May's Brexit deal, adding to uncertainties surrounding the UK’s withdrawal from the European Union.
Today, the British Parliament is set to vote on Theresa May’s Brexit deal. Most economists are forecasting that the majority of MPs will vote against it, which will certainly have a negative impact on the pound. On the other hand, approval for the deal would certainly come as a surprise and most likely support the sterling.
Investing.com - The U.S. dollar dipped against a currency basket on Tuesday amid expectations the Federal Reserve will hold off on raising rates this year due to weakness in global growth, while the pound crept higher before Britain's parliamentary vote on its Brexit deal.
Investing.com - The British pound was in focus and traded slightly higher against the U.S. dollar on Tuesday in Asia ahead of a vote on U.K. Prime Minister Theresa May’s Brexit deal.
With more than a quarter old support-line pulling the GBPUSD up, 50-day SMA level of 1.2775 is likely to play its role of resistance soon, if not then 1.2900 mark, comprising 100-day SMA, followed by 1.3000 round-figure, may gain buyers’ attention. Should prices rise beyond 1.3000 on a daily closing basis, eight-month long downward slanting TL, at 1.3055, and the 200-day SMA level of 1.3165 seem crucial to watch. Alternatively, the 1.2600, the 1.2570 and the 1.2500 could try limiting the pair’s declines before highlighting the 1.2425 TL support for one more time. ...
2018 is coming to an end and the year has brought about major changes in the foreign exchange market. Great events shaped the market and influenced the major currencies.
Investing.com - Despite the fact that the European Central Bank decided to pause on its asset purchase program, its president, Mario Draghi, warned that risks were leaning to the downside, sending the euro briefly to intraday lows.
Today, in the EU markets’ focus is the ECB meeting, which often causes strong volatility. Mario Draghi is expected to confirm that the Central Bank will finally stop buying assets by the end of this year.
Investing.com - The British pound edged higher on Wednesday, following news that Prime Minister Theresa May will face a vote of no-confidence from members of her own Conservative party later in the session.
Asian markets closed mixed on Tuesday following Monday’s wild ride in US equities. Indices in the EU were up an average 1.75% in early Tuesday. The trade news from China helped lift US indices in early Tuesday trading.
Investing.com - The U.S. dollar slid lower against a currency basket on Tuesday while the pound found some support after a steep selloff in the previous session in the wake of a shock decision by British Prime Minister Theresa May to delay a key vote on Brexit.
Investing.com - The pound sank on Monday following reports that British Prime Minister Theresa May would cancel Tuesday’s planned vote on whether to approve her Brexit withdrawal deal in order to avoid a defeat that could potentially bring down her government.
Investing.com - The U.S. dollar was flat against a currency basket on Monday after drifting lower overnight amid worries about trade war tensions and the health of the global economy, while the pound was on the back foot ahead of this week’s Brexit vote.
The pair is range bound ahead of tomorrow’s brexit vote as tension remains high amid broad based USD weakness.
Investing.com - This week investors will look to data on consumer prices and retail sales for the latest update on the health of the U.S. economy.
Investing.com - The pound pushed higher on Wednesday, extending the day’s gains as mounting opposition to British Prime Minister Theresa May’s Brexit deal prompted some investors to start pricing in chances of averting Brexit altogether.
Investing.com - The dollar steadied on Thursday following a drop in the previous session after dovish comments by Federal Reserve Chairman Jerome Powell, who said interest rates were now close to the “neutral” level.
Investing.com - The dollar ticked up to almost two-week highs against a currency basket on Tuesday amid fears that the U.S.-China trade war could escalate, while the pound weakened following U.S. President Donald Trump’s warning that the Brexit deal is bad for the UK.
Investing.com - The dollar was broadly lower on Monday, with the euro and the pound gaining ground as concerns over Italy’s budget row eased, but investors remained cautious as a host of geopolitical risks continued to loom over markets.