On Tuesday morning, the GBP/USD currency exchange rate was testing the resistance of the last week's low level zone at 1.1715/1.1760. In the meantime, the zone is being approached by the 50 and 100-hour simple moving averages. Economic Calendar This week, on Tuesday the release of the US CB Consumer Confidence and JOLTS Job Openings data at 14:00 GMT might impact the
In the aftermath of the Jackson Hole symposium of central bankers, the GBP/USD currency pair declined. On Monday morning, the rate had reached the 1.1650 level, which acted as support. Economic Calendar This week, on Tuesday the release of the US CB Consumer Confidence and JOLTS Job Openings data at 14:00 GMT might impact the financial markets through the value of the
The GBP/USD pair has revealed a support zone at 1.1717/1.1756. The zone captures this week's low levels. In the meantime, on Thursday morning, the rate reached above the resistance of the 100-hour simple moving average and the 1.1850 level. Economic Calendar On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause a move in the US Dollar
At mid-day on Tuesday, weakness of the US Dollar caused a surge of the GBP/USD currency exchange rate. The rate shortly traded above the 1.1850 mark, before declining. On Wednesday morning, the pair found support in the 50-hour simple moving average and the 1.1800 mark. Economic Calendar On Thursday, at 12:30 GMT the US quarterly Preliminary GDP data is set to cause
The GBP/USD has passed the July low level at 1.1760 and the 1.1750 mark. On Tuesday morning, the pair reached the 1.1720 level. Meanwhile, the rate was being approached by the 50-hour simple moving average from the above. Economic Calendar At 13:45 GMT, the US Flash Services PMIs could impact the rate through an adjustment in the value of the US Dollar.
The Pound has declined in value, compared to the US Dollar, as the rate has extended its last week's decline. On Monday, the pair shortly reached below the 1.1800 level. Economic Calendar On Tuesday, at 08:30 GMT, the Pound's value is scheduled to react the publication of the UK Flash Manufacturing and Services Purchasing Managers Indices. At 13:45 GMT, the US Flash Services
On Wednesday morning, the GBP/USD reached above the 1.2100 mark. However, after a failed attempt at reaching 1.2150, the currency pair began to trade around the 1.2100 level. In general, the pair reacted to the UK higher than forecast inflation data, which caused the sure. Namely, higher inflation means more monetary tightening and a smaller supply of the GBP, which results
The GBP/USD broke the channel down pattern, before it even approached the 1.2000 mark. Due to that reason, the pair's decline could be considered over. Meanwhile, during Tuesday's trading hours, the pair fluctuated in the 1.2010/1.2060 range. Economic Calendar Wednesday is set to be the top day for GBP/USD traders. In the morning, at 06:00 GMT, the UK Consumer Price impact is
The Pound has been losing value, compared to the US Dollar, in a channel down pattern since bouncing off the 1.2250 level on Thursday. Buy the middle of Monday's European trading, the price had reached the 1.2050 level. Economic Calendar Wednesday is set to be the top day for GBP/USD traders. In the morning, at 06:00 GMT, the UK Consumer Price impact
The GBP/USD is trading around the 1.2100 mark, as it has begun to await for this week's fundamental events. The US CPI, PPI and UK GDP data releases are set to guide the exchange rate during the rest of the week. However, technical levels might act as short term resistance or support. Economic Calendar This week, the top event for all markets
The US employment data release on Friday caused a drop of the GBP/USD below the support zone near 1.2080 and the 1.2050 level. The pair eventually found support near 1.2000 and recovered. During Monday's trading, the recovery encountered resistance in the 100-hour simple moving average near 1.2130. Economic Calendar This week, the top event for all markets will be the US Consumer
In the aftermath of the Bank of England rate hike, the GBP/USD currency rate has returned to trade near the 1.2150 level. In general, it appears that the effect of the 0.50% base rate increase was offset by the fact that one of the policymaker voted against the hike. On Friday, the upper and lower ranges of the recent volatility have
At 12:00 GMT on August 4, the Bank of England hiked its Official Bank rate by 0.50% from 1.25% up to 1.75%. In addition, the central bank has published its Monetary Policy Summary. The Pound lost value due to the details of the monetary policy summary. Namely, one of the committee members did not vote for the 0.50% rate hike. Instead,
During the midnight hours from Tuesday to Wednesday, the GBP/USD reached and shortly traded below the 1.2150 mark. However, the event was followed by a recovery. During the European morning hours, the rate managed to reach back up to the 1.2200 level. Economic Calendar On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of
On Monday, the GBP/USD currency pair encountered resistance in the weekly R1 simple pivot point at 1.2293. Afterwards, a decline followed, which by the middle of Tuesday's trading had reached below the 1.2200 mark. Economic Calendar On Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US Dollar. On Thursday, the top event
In the aftermath of high volatility on Friday, the GBP/USD eventually reduce its range of fluctuations and started to trade between the 50-hour simple moving average near 1.2160 and the 1.2200 mark. On Monday morning, the pair broke the resistance of the 1.2200 mark and approached the 1.2250 level. Economic Calendar On Wednesday, the US ISM Services PMI at 14:00 GMT might
As the GBP/USD was approaching the 1.2250 mark on Friday, it suddenly started a sharp decline. By the middle of the day's European trading hours, the pair had reached the 1.2100 level. Economic Calendar Next week, on Wednesday, the US ISM Services PMI at 14:00 GMT might impact the pair through the value of the US Dollar. On Thursday, the top event
The US Federal Funds Rate hike and the following press conference by the Chairman of the Federal Reserve Jerome Powell caused a broad decline of the US Dollar's value. On the GBP/USD currency exchange rate it resulted in a surge above the 1.2150 level. Since the event, the pair has been trading almost sideways in the 1.2150/1.2185 range. Economic Calendar Note that
On Tuesday, the GBP/USD was highly volatile, as it bounced off the resistance of the weekly R1 simple pivot point at 1.2087 and plummeted down to the support line and the weekly simple pivot point at 1.1975. Afterwards, a sharp recovery followed. By the middle of Wednesday's trading, the exchange rate had reached back up to the weekly R1 at
At mid-day on Monday, the GBP/USD currency exchange rate managed to reach above the resistance zone, which surrounds the 1.2050 level. Since the event, the rate has been finding resistance in the weekly R1 simple pivot point at 1.2087. Meawnhile, the previous resistance zone was acting as support. Economic Calendar This week, all attention will be paid to the US Federal Reserve
The GBP/USD started the week's trading by fluctuating between the 1.1960 and 1.2000 levels. Meanwhile, the rate was observed to be ignoring the weekly simple pivot point at 1.1975 and the 50 and 100-hour simple moving averages. Economic Calendar This week, all attention will be paid to the US Federal Reserve Rate Statement on Wednesday at 18:00 GMT. It is set to
Since the middle of Wednesday's European trading hours, the GBP/USD has been trading between the 1.1900 and 1.2000 mark. Meanwhile, it appears that the pair is shortly impacted by the 1.1950 level and the 1.1960/1.1970 zone, which previously acted as support. Economic Calendar Note the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted
The resistance zone, which is located near the 1.2050 mark, has held and caused a decline to the range at 1.1960/1.1970 and the 2019 low level. However, during the early hours of Thursday's European trading hours the rate appeared to be passing below the support zone. Economic Calendar On Friday, the pair might react to the publication of the UK monthly retail
Since the middle of Tuesday's trading hours, the currency pair has been testing a resistance zone at 1.2035/1.2055. In the meantime, minor support appeared to be found in the 1.2000 mark. Economic Calendar On Friday, the pair might react to the publication of the UK monthly retail sales data at 06:00 GMT. Afterwards, note the US Markit Services and Manufacturing Purchasing Managers