On Monday, the GBP/USD currency pair reached a new low level during the early trading hours of the week by touching the 1.3010 level. However, the pair started a recovery, before reaching the 1.3000 mark. By the middle of the day's trading, the pair appeared to have recovered to the combined resistance of the 50-hour simple moving average at 1.3070
During the late hours of Wednesday's trading, the GBP/USD currency exchange rate encountered resistance below the 1.3200 mark. The resistance was enough to cause a decline, which by 15:00 GMT had caused a decline below 1.3150. Economic Calendar The top events of the next week will be the US Federal Reserve Statement and the Bank of England's release of Monetary Policy Statement.
On Wednesday, the GBP/USD ended trading above the support zone at 1.3084/1.3100 and surged. By the middle of the day's European trading hours, the currency exchange rate was heading to the 1.3200 mark. Note that the 1.3200 level was being strengthened by the 100-hour simple moving average. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer
Since Monday, the GBP/USD currency exchange rate has been trading between the support of the 1.3100 mark and the resistance of the weekly S1 simple pivot point at 1.3131. However, during the early hours of Tuesday's trading the rate had shortly reached below the 1.3100 mark, which indicates that the pair could soon decline. Economic Calendar On Thursday, at 13:30 GMT, the
Prior to mid-day on Monday, the GBP/USD currency exchange rate passed below the December low level zone at 1.3162/1.3175. However, support appeared to have been almost immediately found in the 1.3150 mark. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to be released together with the US Unemployment Claims. Namely,
Due to an ongoing run to safety, the value of the US Dollar has surged. As a result of the event, the GBP/USD currency exchange rate has declined. By 16:00 GMT on Friday, the pair was approaching the 1.3200 level. Economic Calendar On Thursday, at 13:30 GMT, the US Consumer Price Index and Core Consumer Price Index data is set to be
On Thursday morning, the GBP/USD currency pair reversed its direction even before reaching the week's high levels and the weekly simple pivot point at 1.3428. By the end of the day's US trading hours, the rate had declined below the 50 and 100-hour simple moving averages near 1.3350 and 1.3375 levels. Economic Calendar The week's most notable event will close the
On Tuesday, the squeeze of the GBP/USD currency exchange rate between the 50 and 100-hour simple moving averages resulted in a break-out downwards. During the early hours of Wednesday's trading, the pair found support in the February low level at 1.3275. By the start of the days US trading at 14:30 GMT, the rate had recovered and touched the 1.3330 level.
Since the middle of Monday's European trading hours, the GBP/USD currency exchange rate has been fluctuating between the support of the 1.3400 mark and the 50-hour simple moving average and resistance of the weekly simple pivot point at 1.3428 and the 100-hour simple moving average near 1.3430. Economic Calendar At 15:00 GMT on Tuesday, the US Institute for Supply Management Purchasing Managers
The GBP/USD started the week's trading with a gap down opening below the 1.3350 mark. Afterwards, during the first half of Monday's trading, the currency exchange rate surged and reached the resistance of the 50-hour simple moving average near 1.3390. Economic Calendar At 15:00 GMT on Tuesday, the US Institute for Supply Management Purchasing Managers Index survey results for the Manufacturing sector
On Thursday, the GBP/USD sharply plummeted to the 1.3275 mark. By doing so, the pair reached below the 2022 low level. Afterwards, the rate recovered and started to trade above the 2022 low level zone at 1.3360/1.3370. In the meantime, on Friday, the pair was being approached by the resistance of the 50-hour simple moving average. Economic Calendar At 15:00 GMT
At mid-day on Friday, the GBP/USD currency exchange rate was testing the resistance of the February high level at 1.3645 and the weekly R1 simple pivot point at 1.3646. In the meantime, the pair was being approached by the 50-hour simple moving average, which had been pushing the pair up since Wednesday. Economic Calendar During next week, there are various types
At mid-day on Thursday, just as the US markets were about to open, the GBP/USD currency exchange rate reached the resistance zone of early February high levels at 1.3620/1.3629 Economic Calendar During next week, there are various types of events, which could impact different currencies. However, among the events it is clear that the top one is the quarterly US Preliminary
As the US Federal Reserve released the FOMC Meeting Minutes, the GBP/USD surged due to markets observing US Dollar's weakness. The event resulted in a test of the 1.3600 level's resistance. Economic Calendar On Thursday, the US Unemployment Claims could cause an adjustment of the USD value. The week will end on Friday with the UK Retail Sales data at 07:00 GMT Click
At mid-day on Tuesday, the GBP/USD currency exchange rate broke the resistance line of the channel up pattern, which captured the rate since the middle of last week. In addition, the resistance of the 50, 100 and 200-hour simple moving averages was passed. However, the pair found resistance in the weekly simple pivot point at 1.3568. Economic Calendar On Tuesday, at
On Monday morning, the GBP/USD currency exchange rate declined to the 1.3500 mark. The 1.3500 level acted as support and managed to hold, by the middle of the day's European trading hours. Economic Calendar On Tuesday, at 13:30 GMT, the US Producers Price Index data will reveal, how high is the inflation at the production level. On Wednesday, at 07:00 GMT, the
Just like all USD pairs and assets the GBP/USD was highly volatile during the US Consumer Price Index release. The pair was bouncing around in the 1.3525/1.3645 range after the release. On Friday morning, the currency exchange rate found support in the weekly simple pivot point at 1.3517 and started a surge. By the middle of the day's European trading
During the early hours of Wednesday's US trading hours, the GBP/USD currency exchange rate had revealed a channel up pattern, which had guided the rate since Friday. However, the pattern was not expected to hold, as the incoming US Consumer Price Index data on Thursday was expected to cause an adjustment of the value of the USD. Economic Calendar On Thursday,
The GBP/USD currency exchange rate surged on Tuesday, as it reached above the resistance of the 50 and 100-hour simple moving averages near 1.3530 and 1.3550. At mid-day European trading hours, the pair shortly reached above the 1.3560 level. Economic Calendar On Thursday, the publication of the US Consumer Price Index and US Core Consumer Price Index data at 13:30 GMT
In the aftermath of the Bank of England rate hike, the GBP/USD has declined. On Monday, the currency pair reached below the 1.3500 mark and touched the 200-hour simple moving average near 1.3490. Meanwhile, resistance was being provided by the 100-hour simple moving average near 1.3550. Economic Calendar On Thursday, the publication of the US Consumer Price Index and US Core
On February 3, the Bank of England published its Monetary Policy Summary. The bank hiked its interest rate by 0.25% to 0.50%. In addition, the central bank Monetary Policy Committee voted unanimously to start to reduce its stock of bonds. Namely, the bank is starting quantitative tightening. On the release, the GBP/USD suddenly dropped by 23 base points or 0.17%,
The surge of the GBP/USD currency exchange rate has reached above the 1.3550 mark. In general, it was initially seen that the pair has no technical resistance as high as the weekly R2 simple pivot point at 1.3650. Meanwhile, it was expected that the 1.3600 mark could act as resistance. Economic Calendar On Thursday, the Bank of England will release its
At mid-day on Tuesday, the GBP/USD currency exchange rate passed the resistance of the 1.3500 mark and shortly fluctuated above this level. Afterwards, the pair retraced to the 1.3480 mark. Economic Calendar On Tuesday, the US ISM Manufacturing Purchasing Managers Index release at 15:00 GMT could cause USD moves. On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set
The GBP/USD pair touched the 1.3450 mark at mid-day on Monday. However, the round exchange rate level acted as resistance and caused a retracement to the 1.3400 level and the 50-hour simple moving average. In the meantime, some resistance was being provided by the 100-hour simple moving average and the weekly simple pivot point near 1.3440. Economic Calendar On Tuesday, the