All Articles Tagged - GBPUSD

Forex Market Review (Asian Session) – Canadian dollar outperforms on rate hike probability; dollar steady ahead of Fed

Posted on June 13, 2017 at 7:39 am GMT

The Canadian dollar was one of the top performing major currencies after gaining on hawkish comments from a Bank of Canada official. The pound remained soft while the dollar index was little changed before Wednesday’s Federal Reserve policy decision. Bank of Canada Senior Deputy Governor Carolyn Wilkins’ comments yesterday raised the probability of a rate hike by year-end. Wilkins said the central bank would assess if it needs to keep interest rates at near-record lows as the Canadian economy grows. [..]

Forex Market Review (European Session) – Pound resumes slide; dollar weighed by US tech sell-off

Posted on June 12, 2017 at 3:19 pm GMT

The pound was once again the worst performing major currency on Monday as the May government’s stance on Brexit added renewed pressure on the British currency. The dollar did not fare much better as weaker US equities weighed on the greenback ahead of this week’s FOMC meeting, while the yen benefited from the increased risk aversion to advance higher against all major pairs. Having stabilized late on Friday and in Asian trading today, the pound resumed its downtrend at the [..]

FX Daily Outlook | 12-06-17

Posted on June 12, 2017 at 9:23 am GMT

[..]

Forex Market Review (Asian Session) – Sterling steady after UK election tumble; euro up after French parliamentary elections

Posted on June 12, 2017 at 7:20 am GMT

Sterling has stabilized after Friday’s big tumble against the dollar following the shock UK election result that brought about political uncertainty. Prime Minister Theresa May was left with a minority government and she reshuffled her cabinet over the weekend. Focus turns to the Brexit negotiations that begin in about a week. Meanwhile, the Bank of England holds a policy meeting on Thursday. This would be the next risk event for the pound, which continued to trade below the key $1.2800 [..]

Week Ahead – Key central banks in the spotlight – FOMC, Bank of England, Bank of Japan policy meetings

Posted on June 9, 2017 at 3:19 pm GMT

Following the UK elections, the focus next week will continue to be on Britain as the outcome of the vote could have important ramifications for Brexit negotiations. Key events in the coming week revolve around central banks as the Bank of England, Federal Reserve and Bank of Japan all have policy meetings next week. Bank of England The Bank of England is widely expected to leave interest rates at 0.25% and it is considered unlikely that the Bank will cut [..]

Forex Market Review (European Session) – British drama hurts sterling; dollar advances eyeing Fed meeting

Posted on June 9, 2017 at 3:00 pm GMT

Political developments were dominating investors’ attention today with the outcome of British national elections and the effect on sterling being number one on the watch-list. Less than two weeks’ time before Brexit negotiations get underway, UK Prime Minister Theresa May’s Conservative party lost its majority in the House of Commons. May’s call for snap elections was in the first place intended to give her a stronger hand in negotiating the nation’s exit from the EU and the outcome turned out [..]

FX Daily Outlook | 09-06-17

Posted on June 9, 2017 at 9:14 am GMT

[..]

Forex News – British elections: Pound falls sharply as hung parliament becomes a reality

Posted on June 9, 2017 at 8:31 am GMT

In yesterday’s UK general elections, the Conservative party did not come out as strong as initially thought earning a weaker representation in the House of Commons while Jeremy Corbyn, the Labour party leader who was credited for running an energetic campaign, managed to beat expectations securing enhanced parliamentary representation for his party. Projections now as votes are still being counted are that the Conservatives will be the largest party with 318 seats, eight short of a majority – the total [..]

Forex Market Review (Asian Session) – Sterling plunges on political uncertainty after inconclusive UK election result; dollar steady after Comey testimony

Posted on June 9, 2017 at 7:35 am GMT

Sterling plunged on political uncertainty after an inconclusive result in the UK general elections that took place on Thursday, with no single party having a clear claim to power. The dollar moved higher as it was unfazed by former FBI Director James Comey’s testimony yesterday. The British pound lost over 2% against the greenback, touching near a two-month low of $1.2634. The euro surged against sterling to a high of 88.58 pence. Exit polls showed the likelihood of a hung [..]

Forex Market Review (European Session) – Euro falls after not-so hawkish ECB; sterling off 2-week high ahead of UK election outcome

Posted on June 8, 2017 at 2:32 pm GMT

The much-awaited risk events taking place over the course of the day began with the European Central Bank policy meeting followed by the press conference by President Mario Draghi. The UK general elections are in progress with exit polls expected at 21:00 GMT. The euro briefly dipped below $1.1200 after the ECB policy decision was announced as the market was looking for a more hawkish signal. The ECB left rates unchanged as was widely expected but dropped its easing bias [..]

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