All Articles Tagged - EURGBP

Forex News – UK Supreme Court decision ruling brings relief to both government and opponents

Posted on January 24, 2017 at 1:21 pm GMT

The Supreme Court in the UK ruled on Tuesday that the British government is not authorised to bypass parliament in invoking Article 50 – the formal notice given to the EU for triggering the exit process from the bloc. The decision follows an appeal by the government to overturn the High Court’s initial ruling back in November when the court had ruled in favour of the businesswoman, Gina Miller, who had brought the legal case to the courts. The judges [..]

European Session – Markets steady ahead of Trump’s inauguration; Oil rallies ahead of compliance meeting

Posted on January 20, 2017 at 4:16 pm GMT

Currency markets were relatively calm in Friday’s European session as global attention turns to President-elect Donald Trump’s inauguration ceremony in Washington. Investors will be eagerly watching for further clues on Trump’s economic policies in his inauguration address as much uncertainty remains over whether the new administration will implement many of the pledges made during the election campaign. The greenback fluctuated around 115 yen for much of the session, having recovered from its Asian session low of 114.53 to peak at [..]

FX Daily Outlook | 19-01-17

Posted on January 19, 2017 at 10:00 am GMT

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Technical Analysis – EURGBP bullish over the short-term; a note of caution by the MACD

Posted on January 19, 2017 at 8:10 am GMT

EURGBP has edged slightly lower during today’s trading so far. The price at the time of writing is at 0.8656. The short-term bias as indicated by the RSI is positive as the indicator is in bullish territory at 56. This view is reinforced by the MACD which is above the zero mark. It should be taken into account though that the red signal line is at risk of crossing above the histogram. This could be an early sign of a change [..]

European Session – Pound slips back despite strong jobs data; Dollar attempts modest rebound

Posted on January 18, 2017 at 4:22 pm GMT

The US dollar recorded some gains against its major peers today following the previous days’ major losses. Indicative of the strengthening dollar was the rise in the dollar index to 100.63 in late European session, from 100.33 the previous day. Cable was down 0.8% at 1.2314 after strengthening by more than 3% in yesterday’s trading. The euro was down roughly a quarter of a percent at 1.0682 dollars, while dollar/yen was up by two-thirds of a percent at 113.34 after [..]

Asian session – Dollar regains some ground while sterling faces profit-taking after best day

Posted on January 18, 2017 at 8:37 am GMT

The US dollar rebounded somewhat during Wednesday’s Asian trading while the pound gave up some of its gains following its best 1-day performance in almost 20 years. There were some conflicting influences on the greenback in recent sessions as certain Fed officials kept pointing to the need for more tightening in the New Year, while President-elect Donald Trump and his circle of advisers have begun to talk down the US currency. On Tuesday, San Francisco Fed President John Williams said [..]

European Session – Pound surges above $1.23 on May Brexit speech; Dollar dips below 113 yen

Posted on January 17, 2017 at 4:35 pm GMT

British Prime Minister Theresa May delivered her much-awaited speech on Brexit today. PM May didn’t give much details on the specifics of the Brexit process but she outlined the broader framework for Britain’s departure from the EU. May stated that Britain does not seek a “partial membership of the European Union, associate membership of the European Union or anything that leaves us (Britain) half in, half out”, making it explicit that her proposal rules out membership in the EU single [..]

FX Daily Outlook | 17-01-17

Posted on January 17, 2017 at 10:18 am GMT

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Asian session – Pound recovers ahead of May, dollar drops, safe havens gain

Posted on January 17, 2017 at 8:33 am GMT

The British pound steadied ahead of a speech by Prime Minister Theresa May later today on the UK’s priorities regarding Brexit. Markets were also worried by the increasingly protectionist tone coming out of the Trump administration and the uncertainty regarding his policies when he takes office this Friday. These factors caused some profit-taking in risk assets and a rise in safe havens such as gold and the Japanese yen. According to reports from her office, May will not seek a [..]

European Session – Sterling attempts to move away from 32-year lows; Dollar struggles to cling onto 114 yen

Posted on January 16, 2017 at 4:18 pm GMT

The British pound was attempting a rebound in today’s European session after the currency opened sharply lower today on newspaper reports on Sunday that the UK Prime Minister will signal a ‘hard Brexit’ in her speech tomorrow. Growing fears that the UK government is prepared to abandon the EU single market drove the pound to as low as 1.1986 dollars earlier in the day, making it the lowest since 1984 if October’s flash crash is excluded. British PM, Theresa May, [..]

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