All Articles Tagged - GBPUSD

Forex News – Brexit clarity provides much needed respite to battered pound

Posted on January 18, 2017 at 1:41 pm GMT

UK Prime Minister, Theresa May, delivered her long-awaited speech on Brexit on Tuesday where she laid out the government’s objectives in the Brexit negotiations with the EU. After much speculation over what path Britain’s exit process from the EU will take, May confirmed for the first time yesterday that the UK will not seek to retain membership of the European single market once it’s out. As expected, May also said the UK wants to regain full control of immigration and [..]

FX Daily Outlook | 18-01-17

Posted on January 18, 2017 at 10:53 am GMT

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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, [..]

FX Daily Outlook | 16-01-17

Posted on January 16, 2017 at 10:36 am GMT

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Asian session – Sterling drops on reports May will opt for ‘hard’ Brexit

Posted on January 16, 2017 at 8:20 am GMT

The pound fell sharply during Monday’s Asian trading as the market waited nervously for a key speech by British Prime Minister Theresa May on Brexit later this week. According to press reports, the UK would aim to abandon the EU’s tariff-free area in exchange for control over its immigration policy. Pound / dollar fell below the psychologically important 1.20 level to trade as low as 1.1986; levels unseen since the October sterling flash crash. The pound managed to reclaim the [..]

European Session – Dollar makes late rebound despite retail sales miss; euro hits 2-month high versus pound

Posted on January 13, 2017 at 3:59 pm GMT

A late comeback by the US dollar led to a sharp reversal in most major pairs in an otherwise quiet session on the week’s last trading day. The greenback made an unexpected move upwards despite disappointing retail sales numbers out of the US today, with some analysts attributing this to a short squeeze. US retail sales came in lower-than-expected in December, and ‘core’ retail sales were particularly concerning. On the headline level, the month-on-month growth in December came in at [..]

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