XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.

GBPUSD

  1. XM
  2. GBPUSD
post-image

Forex Market Review (Asian Session) – Sterling tumbles to 5-week low versus yen after new UK election poll; kiwi jumps on NZ confidence data

Posted on May 31, 2017 at 7:13 am GMT

Sterling was one of the worst performing major currencies against the dollar as it slumped on election jitters. The aussie was briefly boosted by PMI data out of China. The kiwi jumped on business confidence data. The pound fell half a percent against the greenback in early Asian session trading after a UK election poll showed the risk of a hung parliament. A poll conducted by YouGov showed the Conservative Party might lose as many as 20 of the 330 [..]

post-image

Forex Market Review (European Session) – Dollar choppy after mixed US data; euro and sterling recover recent losses

Posted on May 30, 2017 at 3:06 pm GMT

The dollar was boosted after solid US personal spending and consumption data which helped reaffirm expectations of a Fed rate hike in June. Sterling continued its recovery as markets focused on the Conservatives’ likely victory on June 8 despite a narrowing lead in recent polls. The impact of ECB President Mario Draghi’s dovish remarks was diminished by new reports that the ECB will upgrade its assessment on the economic outlook for the Eurozone at its upcoming policy meeting, while a [..]

post-image

Investment Theme – Pound wobbles on Labour poll boost: election jitters or sign of volatile times ahead?

Posted on May 30, 2017 at 2:27 pm GMT

When the British Prime Minister, Theresa May, unexpectedly called a snap general election on April 18, the pound soared on the news, breaking above the $1.28 level for the first time since October. Sterling has since rallied further, hitting an 8-month high of $1.3047 on May 18. The expectations that an early election would give May a landslide victory on June 8 and thus strengthen her negotiating hand as the UK enters difficult divorce talks with the European Union have [..]

post-image

Forex Market Review (Asian Session) – Euro slips on dovish Draghi; yen gains on risk aversion

Posted on May 30, 2017 at 7:32 am GMT

The euro came under pressure on dovish comments from European Central Bank President Mario Draghi. The yen was supported by general risk off sentiment in the markets today. Safe haven gold saw another leg higher. Japan and Australia released economic data during the Asian session. The unemployment rate in Japan held steady near its lowest level in 20 years at 2.8% in April. Retail sales rose more than expected by 3.2% year-on-year in April and were up from a prior [..]

post-image

Forex Market Review (European Session) – Euro falls while ECB President Draghi speaks; sterling rises on latest election poll

Posted on May 29, 2017 at 3:11 pm GMT

Markets were closed in the US and in the UK today leading to relatively low trading volumes in currencies. The euro fell while European Central Bank President Mario Draghi testified at the European parliament in Brussels today. His comments struck a cautious note ahead of the ECB’s policy meeting next week, as he mentioned that the Eurozone economy still needed substantial monetary stimulus, especially if inflation was to rise in a sustainable way to reach the 2% target. While acknowledging [..]

post-image
post-image

Forex Market Review (Asian Session) – Dollar boosted by Fed speaker and US GDP; pound rebounds after latest election poll

Posted on May 29, 2017 at 7:05 am GMT

The dollar was boosted after comments by Federal Reserve Bank of San Francisco President John Williams and on an upbeat US GDP. The pound rebounded after the latest UK election opinion poll showed the Conservatives in the lead. An ICM poll for British newspaper The Sun released over the weekend, showed Prime Minister Theresa May’s Conservatives with a 14-point lead over the Labour Party. The latest poll follows from one published last Friday, which showed a narrower lead of just 5 [..]

post-image

Week Ahead – US jobs report in focus after cautious Fed minutes

Posted on May 26, 2017 at 3:50 pm GMT

The main focus of the coming week will be the non-farm payrolls numbers out of the US as a positive report could pave the way for a June rate hike by the Fed. Japan will also have a busy data week, while Eurozone flash inflation and UK PMIs will be important too. Eurozone flash CPI to show inflation falling It will be a very quiet start to the week as Chinese, UK and US markets will be shut for a [..]

post-image

Forex Market Review (European Session) – Dollar rebounds after US GDP revised up; sterling falls another leg lower

Posted on May 26, 2017 at 2:30 pm GMT

The dollar rebounded after GDP revisions showed economic growth in the US slowed less sharply in the first quarter than initially thought. Sterling extended losses versus the greenback after the US data. Oil stabilized following the post-OPEC tumble. The dollar had been sliding in European trading to sub-111 yen levels but rebounded after the release of US GDP revisions and durable goods data. The rally stalled at 111.33 yen after the final reading of the University of Michigan consumer sentiment [..]

post-image

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.