The ongoing recovery of the Pound against the US Dollar has continued, as by the end of Monday's trading the pair had almost reached the 1.2300 mark. During the first half of the day's trading, the pair had reached above various technical resistance levels that were laid out from 1.2245 up to 1.2260. Economic Calendar On Thursday, at 12:30 GMT, the publication
The GBP/USD did not reach the 1.2350 level, despite making attempts for two days. The pair has revealed that it faces resistance at 1.2335/1.2345. On Friday, the currency pair had declined below 1.2300 and the 50-hour simple moving average. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release
The Bank of England has once again hiked its base interest rate. Official Bank Rate has been increased from 4.00% up to 4.25%, as the market expected. In the meantime, note that seven out of the nine BOE Monetary Policy Committee members voted for the 0.25% rate hike. Two members voted to keep interest rates intact. Economic Calendar Next week, watch out
The GBP/USD has continued to surge, as the rate has passed above the February high level at 1.2270. However, on Tuesday morning the pair appeared to have started a minor decline. The decline was attributed to a consolidation prior to the US Federal Reserve Rate hike scheduled for Wednesday. Economic Calendar The currency might react to the release of the UK Consumer
The GBP/USD found support in the 200-hour simple moving average and stared a recovery. By the middle of Friday's trading, the pair had reached above the 1.2100 mark and the 50 and 100-hour simple moving averages. Economic Calendar Next week, the currency might react to the release of the UK Consumer Price Index on Wednesday at 07:00 GMT. Also on Wednesday, the
The US Dollar has resumed it broader surge. On the GBP/USD charts it has resulted in a bounce off from the resistance of the 1.2200 level and a decline. By the middle of Wednesday's European trading hours, the currency pair had reached 1.2050. Economic Calendar Next week, the currency might react to the release of the UK Consumer Price Index on Wednesday
The recent surge of the GBP against the US Dollar ahs encountered resistance in the early February high level at 1.2200. Meanwhile, support appears to be found in a an ascending trend line. Economic Calendar The top event of the week was the US Consumer Price Index release, which hit market forecasts on Tuesday at 12:30 GMT. However, there are more events
The recovery of the Pound against the US Dollar has encountered resistance in the 200-hour simple moving average, which strengthened the 1.2200 mark. On Friday, the currency pair had reached back to 1.2100. Economic Calendar The top event of the week will take place on Tuesday at 13:30 GMT. The US Consumer Price Inflation data will be published at that time. The
The GBP/USD recovered due to the interview with Jerome Powell, which caused a decline of the US Dollar. During the interview, Powell reiterated his stance that there would be smaller rate hikes for a prolonged time period instead of high interest rates for a shorter time period. As a result, the GBP/USD revealed a support zone and has surged to
On Tuesday, the GBP/USD bounced off the resistance of the 1.2050 level and declined below 1.2000. The rate is heading to new lower low levels. Economic Calendar The release of the UK GDP on Friday at 07:00 GMT is bound to impact this rate from the Pounds side. GBP/USD short-term view Support could be found in the 1.1950 level, the weekly S1 simple pivot
The GBP/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the Bank of England boosted the GBP. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. Economic
The GBP/USD has reached the 1.2300 mark, as it was expected on Tuesday. However, the pair appears to have paused above the round level, as it expects the reveal of the US and UK central bank monetary policy. The US Federal Reserve is set to make a statement on Wednesday at 19:00 GMT and the Bank of England will hike
The GBP/USD ended the waiting near 1.2400 mark and declined below 1.2350 on Tuesday morning. By the middle of the day, it appeared that the pair could reach the 1.2300 level. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to impact the currencies. On Tuesday, at 15:00 GMT, the Consumer Board Consumer Confidence index is
As the title suggests, the GBP/USD has continued to remain near the 1.2400 mark. The pair appears to be waiting for this week's central bank rate hikes, as both the US Federal Reserve and the Bank of England are set to announce rates during this week. Economic Calendar This week, various events will impact the markets. In general, fundamentals are set to
The recovery of the Pound against the US Dollar reached above 1.2400 on Thursday. However, the exchange rate did not reach the 1.2435/1.2450 range. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30 GMT. The Advance GDP is the first
The Tuesday's decline of the Pound against the US Dollar has found support in the 1.2260/1.2265 range. Afterwards, the pair recovered and reached up to consolidate by trading sideways near the 1.2330 level. On Wednesday morning, the pair was being squeezed in between the weekly simple pivot point's resistance at 1.2333 and the support of the 200-hour simple moving average
On Tuesday, the GBP/USD failed at reaching above 1.2400. The event was followed by a sharp decline, which by 12:30 GMT had reached below 1.2300 and the 200-hour simple moving average. Economic Calendar On Thursday, the US Advance GDP data is set to reveal whether the United States are or are not experiencing a decline in the Gross Domestic Product at 13:30
The major surge of the Pound against the US Dollar has stopped at the 1.2436 level. This level marks the start of the December high level zone. The zone is located from 1.2435 up to 1.2450. The resistance was enough to cause a decline of the pair below 1.2350. Economic Calendar Watch out for the incoming release of the European, UK and
The GBP/USD currency pair has surged on Wednesday morning. The pair broke the weekly R1 at 1.2288 and soon after easily passed the 1.2300 mark and the weekly R2 simple pivot point at 1.2353. Economic Calendar Watch out for the publication of the US Producer Price Index data on Wednesday at 13:30 GMT. The data will reveal inflation at the production level.
The surge of the Pound against the US Dollar has encountered resistance in the weekly R1 simple pivot point at 1.2288. The following decline has found support tin the combination of the 100-hour simple moving average and the weekly simple pivot point near 1.2180. Economic Calendar Watch out for the publication of the US Producer Price Index data on Wednesday at 13:30
The United States Bureau of Labour statistics has just now released the latest Consumer Price Index data. The data reveals how the US inflation has changed during the last month. All data numbers hit the forecasts. On the GBP/USD charts the event resulted in an attempt to reach the resistance of the 1.2250 mark. However, the pair apparently reversed near 1.2140. Economic
The GBP/USD currency exchange rate remains near 1.2150, as it expects the release of the US Consumer Price Index and the UK GDP data. Economic Calendar This week, the US Consumer Price Index release is set to dictate the short term direction of all financial markets. The data will be published on Thursday at 13:30 GMT. In addition, GBP traders are set
The surge of the GBP/USD, which followed the US employment data release, encountered resistance in the 1.2200 mark. The round exchange rate level held and caused a decline. By mid-Tuesday's trading, the currency pair had reached the support of the 1.2100/1.2115 range. Economic Calendar This week, the US Consumer Price Index release is set to dictate the short term direction of all
On Thursday, the US Dollar strengthened due to better than expected US Unemployment Claims and ADP Non-Farm Employment data. By the middle of Friday's trading, the follow up decline had reached below 1.1850 and was located near the weekly S2 simple pivot point's support at 1.1839. Economic Calendar On Friday, The United States employment data release at 13:30 GMT is highly likely