|Day's range||1.248 - 1.261|
|52-week range||1.2480 - 1.4377|
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.
Investing.com - The British pound edged up on Wednesday in Asia despite headlines that a no-confidence vote is to be called on U.K. Prime Minister Theresa May's leadership of the Conservative party.
With the Brexit deal’s parliamentary vote officially delayed, PM May now has to survive an onslaught of no-confidence letters putting significant level of bearish pressure on British Pound.
It’s all eyes on the Pound as talks of a vote of no confidence hit the wires ahead of a make or break emergency EU gathering tomorrow.
Investing.com - The dollar rose against its rivals Tuesday on higher-than-expected U.S. wholesale inflation and a slump in the pound amid growing uncertainty over UK Prime Minster Theresa May's future.
Investing.com - The U.S. dollar inched higher on Tuesday, as a leading indicator of inflation rose, increasing pressure on the Federal Reserve to raise rates.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.13% to 97.31 as of 10:29 AM ET (15:29 GMT).The core producer price index increased more than expected in November. The Federal Reserve keeps its eye on this data because, when producers pay more for goods, they are more likely to pass price increases on to the consumer. ...
The British pound initially tried to recover some of the losses during the trading session on Tuesday but rolled over again as the Brexit uncertainty continues. Ultimately, I think this is the overall theme for this pair, we will continue to go lower.
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.
Following Theresa May’s decision to delay the parliamentary vote scheduled for later today, Brexit and U.S – China trade chatter will be in focus.
Investing.com - The U.S. dollar slipped on reports that Beijing and Washington are preparing their next stage of trade talks, while the pound remained near 20-month lows after British Prime Minister Theresa May called off Tuesday’s vote on her Brexit deal.
The Euro continues to witness a lot of selling pressure above the 1.14 level and on Monday’s session, it pulled back significantly after reaching the 1.1450 level above. The GBP has broken the major support level at 1.27 level in the yesterday’s session, reaching down towards the 1.25 level. The AUD hovered just above its important support level at 0.72 level in the yesterday’s session as a lot of headlines crossing the market suggesting US and China struggle on inking any trade pacts.
PM May’s refusal to submit her Withdrawal Proposal to the UK parliament yesterday will see plenty of Brexit rhetoric in the headlines today amid a highly active macro calendar keeping the pair in volatile but range bound price action.