All Articles Tagged - GBPUSD

European Open Preview – Strong earnings growth lifts the dollar; trade in focus again

Posted on September 10, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is marginally higher on Monday (+0.04%), holding onto the gains it recorded in the previous session, after a surprising acceleration in US wage growth fueled demand for the greenback. The pound also soared higher on Friday as some appeasing remarks from EU chief negotiator Barnier enhanced speculation that a Brexit deal may ultimately be delivered. STOCKS: Wall Street closed lower on Friday, as investors’ risk appetite was curbed by some confrontational remarks by [..]

UK manufacturers to see a slowdown; UK GDP growth to inch up in July – Forex News Preview

Posted on September 7, 2018 at 2:17 pm GMT

Early this week the IHS/Markit Institute indicated that the British manufacturing industry had slowed down to its lowest expansion rate since July 2016 – July 2016 was just after the Brexit referendum – as the country’s export business contracted for the first time in more than two years despite the weakness in the sterling relative exchange rate. The worrisome numbers have now shifted attention to the UK industrial figures due on Monday which could add further fuel to concerns that Brexit and trade [..]

Week Ahead – ECB and BoE meet but no fireworks expected; China data, Aussie jobs and US inflation eyed too

Posted on September 7, 2018 at 12:13 pm GMT

Monetary policy will be back in focus next week as the European Central Bank and the Bank of England hold policy meetings. However, with both central banks expected to stick to their existing outlook, investors will likely turn to data for fresh direction. The highlights will include employment reports out of Australia and the United Kingdom, US inflation and retail sales figures, and key Chinese economic indicators. GDP numbers from the UK and Japan should also attract attention. Chinese data [..]

US Open Preview – Sterling above $1.30 on Barnier comments as trade jitters weigh on Aussie; US jobs data awaited

Posted on September 7, 2018 at 11:40 am GMT

Here are the latest developments in global markets: FOREX: The US currency was trading marginally lower versus a basket of currencies ahead of the highly anticipated employment report for August due at 1230 GMT. Dollar/yen was roughly flat after losing 0.7% on Thursday, as angst over the prospect of deteriorating global trade conditions boosted the safe-haven perceived yen. The euro was down on the margin versus the dollar, reacting little to a downward revision in the eurozone’s pace of growth [..]

European Open Preview – Yen advances as risk appetite falters; US jobs report coming up

Posted on September 7, 2018 at 7:41 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower against a basket of six major currencies on Friday (-0.08%), ahead of the release of the all-important US payrolls report at 1230 GMT, where focus may once again fall primarily on the earnings figures. Safe-haven currencies like the yen and the Swiss franc rallied amid trade jitters, while the risk-sensitive aussie faltered, touching a fresh low last seen in early-2016 against the dollar. STOCKS: US markets closed lower for [..]

US Open Preview – Dollar index steady as trade deadline clocks down; ADP employment report in focus

Posted on September 6, 2018 at 11:36 am GMT

Here are the latest developments in global markets: FOREX: The pound continued the rally today that it posted yesterday on reports that Germany and the UK have dropped key Brexit demands after giving back some of them on Wednesday on new headlines that Germany has not changed position on Brexit. Pound/dollar rose by 0.26% above 1.2900, while euro/pound dropped by 0.29% below the 0.9000 round number. Furthermore, euro/dollar turned negative after it opened the day in the green, retreating by 0.06% to 1.1620 following disappointing German [..]

European Open Preview – Pound goes for a Brexit ride; fresh round of tariffs coming up?

Posted on September 6, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower (-0.07%) against a basket of six major currencies on Thursday, extending the losses it posted in the previous session. The British pound was in focus yesterday, having a volatile session that saw sizeable movements in both directions following some conflicting headlines on Brexit. Elsewhere, the Bank of Canada struck a slightly more cautious tone as it kept its policy unchanged. STOCKS: Wall Street had a mixed session on Wednesday, with [..]

US Open Preview – Pound holds bearish move despite upbeat Services PMI; loonie rebounds ahead of BoC rate decision

Posted on September 5, 2018 at 11:55 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was moving sideways versus a basket of six major currencies on Wednesday as worries remain that the US President Donald Trump may soon restart a trade war with Beijing by imposing tariffs on more Chinese imports as early as tomorrow. Dollar/yen edged up by 0.12% but remained below its intraday high of 111.71. Turning to the euro area, the final German Markit services PMIfor the month of August was revised down to 55.0 compared to the 55.2 in the preliminary estimate, [..]

European Open Preview – Greenback reclaims ground; Bank of Canada rate decision due

Posted on September 5, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is little changed against a basket of six major currencies on Wednesday, holding onto the gains it recorded in the previous session. Staying in North America, the Canadian dollar was a major underperformer yesterday, touching a one-and-a-half-month low against the greenback ahead of the Bank of Canada’s policy decision later today (1400 GMT). EM currencies also came under broad selling pressure, weighed on by news that South Africa had entered [..]

UK services PMI coming up as sterling continues to languish – Forex News Preview

Posted on September 4, 2018 at 1:57 pm GMT

The British pound continued to feel the heat this week, pressured by fading hopes for a Brexit deal, as well as a disappointing streak of UK economic data. The currency will look towards the August services PMI for some reprieve, due out on Wednesday at 0830 GMT, though it seems doubtful that even a stronger-than-expected print would be enough to lead to a sustained rebound in sterling amid a lack of meaningful progress on the Brexit front. With the Brexit [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GBPUSD

XM Live Chat