|Day's range||1.267 - 1.267|
|52-week range||1.1477 - 1.3510|
The British pound has rallied significantly during the trading session on Friday, as the jobs report in America was better than anticipated.
The British pound has rallied significantly during the trading session on Friday after the jobs number came out stronger than anticipated.
The dollar gained broadly after yesterday’s ECB press conference, leading to a rally in GBP/USD towards a major hurdle.
GBP/USD got strong support at 1.2500, gained upside momentum and is trying to settle above the high end of the current trading range.
It’s all about the U.S labor statistics later today. How’s Trump going to spin this one? Perhaps more attacks on China…
The British pound has pulled back a bit during the trading session on Thursday, as the 200 day EMA has come into play. The 1.25 level did offer a bit of support.
GBP/USD briefly made several attempts to cross over the 1.12600 handle on Tuesday but bears ultimately defended the level to trigger a small pullback.
GBP/USD did not manage to settle above 1.2600 and declined closer to 1.2550.
The dollar has gained some buyers in early European trade Thursday, as tensions between China and the U.S. flared up again overnight, but gains against the euro have been limited ahead of the European Central Bank meeting. At 3:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 97.502, up 0.3%. Overnight, the U.S. administration suspended flights into its country by Chinese airlines effective from June 16, reciprocating after China had barred American carriers from entering its airspace.
The British pound has initially rally during trading on Tuesday throughout the Asian and European sessions, running into the 200 day EMA.
The British pound has rallied significantly during the European and Asian sessions, but is running into the 200 day EMA. In other words, a pullback is due.
There’s been plenty of optimism this week on an economic rebound. Service sector PMIs and employment figures will provide further guidance.
The British pound pushed higher against the dollar in the early day although major upside resistance puts the pair at risk of some profit-taking.
The GBP/USD is bullish we should see a continuation towards higher levels. The daily ATR is sitting at the 1.2655, so this could be the target.
It’s a busy day ahead. Service sector PMIs put the EUR and Greenback in focus, with the BoC and Brexit putting the GBP and Loonie in the spotlight.
The dollar has sold off in early European trade Wednesday, with riskier assets in demand as investors look for more fiscal stimulus amid signs of a global economic recovery. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 97.362, down 0.3%, falling to levels last seen in the middle of March. EUR/USD traded 0.5% higher at 1.1220, trading above 1.12 for the first time since mid March, on hopes policymakers will continue to support the euro zone, despite the German government's failure to agree on a second big stimulus package Tuesday.
The British pound rallied above the 1.25 handle to reach towards 1.2550 level. The market looks as if it is fighting the previous resistance.
GBP/USD continued to push higher and trades a fresh one-month high in early trading on Tuesday as the dollar continues to tumble.
GBP/USD has breached the resistance level at 1.2450 and continues its upside move.
With the RBA holdings policy unchanged, the focus returns to the key risk drivers. Continued unrest in the U.S and tensions between the U.S and China are in focus.
The investment climate in June will be shaped by forces that emerged in May. Many countries began relaxing lockdowns and various activity-based alternative data, like traffic pattern, Open Table Reservations showed improvement on the margins.
The British pound rallied a bit during the trading session on Monday, showing signs of bullish pressure yet again. We have broken above the 50 day EMA.
Early in the summer of 2020, the British Pound is slowly growing against the USD, which is quite good after a depressing previous week. At the beginning of June, GBP/USD is mostly trading at 1.2403.