Post Tagged with: "British Pound"
GBP/USD Stuck in a Range – Will it Fall?
GBP/USD is trading in an almost perfect range in the past week. The longer the range – the stronger the explosion, but in which direction? Here are some reasons for it to go down. Last Friday, GBP/USD enjoyed the weak Non-Farm Payrolls in the US to rise to new levels. Since then, it has traded
GBP/USD Outlook – July 5-9
A very interesting rate decision expects us in Britain, with inflation becoming a threat. There are many more indicators in this busy week. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD. GBP/USD daily graph with support and resistance lines on it. Click to enlarge: The pressure for a rate
GBP/USD Outlook – June 28 – July 2
Final GDP and purchasing managers’ indices lead the busy economic calendar in the UK. Here’s an outlook for the events in Britain and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines on it. Click to enlarge: The headline from the British government’s emergency budget is a raise of sales
Pound Leaps on Upcoming Rate Hike In Britain
This rate decision was different in Britain – one member, Andrew Sentance, wants to address the rising inflation and to raise the rates. This is the first signal. GBP/USD reacts with a rise and aims to reach 1.50. Andrew Sentance doesn’t disregard inflation like his boss Mervyn King. King, the governor of the Bank of
GBP/USD Outlook – June 21-25
The emergency budget that the new government will bring to parliament is the main event for the upcoming week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD chart with resistance and support lines on it. Click to enlarge: The past week saw positive news from Britain: unemployment made
British Employment Continues Improving
Claimant Count Change, which shows the number of people claiming unemployment benefits in Britian, dropped by 30,900 people. This is the fourth month in a row that such an improvement in employment is seen. Also the unemployment rate fell. GBP/USD is on the rise. Early expectations stood on a drop of about 23,000 people, and
GBP/USD Outlook – June 14-18
A very busy week expects cable traders: inflation, employment and retail sales are the highlights. Here’s an outlook for the major events in Britain and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines on it. Click to enlarge: The bigger deficit in the trade balance was one of the weights
GBP/USD Outlook – June 7-11
A very busy week awaits the British Pound, with the rate decision being the highlight. Will Mervyn King tackle inflation? Here’s an outlook for the events that will rock the Pound, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines on it. Click to enlarge: The Pound enjoyed the failure
GBP/USD Outlook – May 31 – June 4
The British Pound is closely tied to the Euro, and didn’t manage to close higher. The upcoming week has many important events that will shake the Pound. Here’s an outlook for those events and an updated technical analysis for GBP/USD. GBP/USD graph with support and resistance lines marked. Click to enlarge: Britain’s growth rate for
GBP/USD Outlook – May 24-28
A revised version on the GDP and 5 other events will shake the Pound, now at lower ground. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines marked. Click to enlarge: While the political uncertainty didn’t stay too long, the Pound’s situation is