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Sterling has been standing proud of late and continues to grind higher against most of its rivals. The recent strong PMIs have underlined the optimistic case for the British economic outlook and it is a clear the wind is in the sails of Sterling and many are now expecting to see 1.44 against the dollar coming over the horizon. Data is thin on the ground this week with only UK public finance number...

GBP/USD: Bulls attack 1.4200 on strong UK Retail Sales, PMI eyed • GBP/USD jumps on upbeat UK Retail Sales for April. • EUR/USD: Extra gains seen above 1.2265 – UOB. • Dollar heads for weekly loss as taper fears ebb; crypto bounce loses steam. GBP/USD 1.4191 GBP/EUR 1.1591 EUR/USD 1.2241 GBP/JPY 154.63

GBP/USD 1.4140 GBP/CAD 1.7110 GBP/EUR 1.1590 GBP/NZD 1.9650 EUR/USD 1.2200 GBP/CNY 9.0970 GBP/JPY 154.10 GBP/SGD 1.8830 GBP/CHF 1.2730 GBP/ZAR 19.905 GBP/AUD 1.8220

GBP/USD remains confined in a range below 1.4200 mark post-UK CPI • Commerzbank: GBP/USD to Break above 1.4238/45 towards 1.4377 • EUR/USD: Bulls on the runway to test 1.2250 amid bullish MACD • Dollar holds fast before Fed, bitcoin crumbles on China risk GBP/USD 1.4191 GBP/EUR 1.1591 EUR/USD 1.2241 GBP/JPY 154.63

GBP/USD 1.4163 GBP/CAD 1.7046 GBP/EUR 1.1622 GBP/NZD 1.9545 EUR/USD 1.2167 GBP/CNY 9.1101 GBP/JPY 154.50 GBP/SGD 1.8858 GBP/CHF 1.2740 GBP/ZAR 19.801 GBP/AUD 1.8170

Last week we saw Cable break above the psychological 1.40 level. Though cause for concern is the recent spread of the Indian strain of the virus. Across the Atlantic and the U.S. macro story remains positive with the economy posting growth, but the recent jobs numbers have highlighted supply constraints in the economy while the rising inflation numbers have surprised the geniuses in officialdom.

The GBP/USD pair seems to be in a corrective pullback on Friday, having tested multi-month highs at 1.4166 on March 11. Brexit remains a pain area for the cable, UK condemns EU over Brexit finance ‘threats’ and asks for its resolution in the latest developments. As for now, investors turn their attention to US Retail Sales and Industrial Production data to gain fresh trading impetus. EUR/USD has b...

GBP/USD maintains its base above the March highs at 1.4001/17. Economists at Credit Suisse look a move back to 1.4238, then to the first core upside target of 1.4302/77. EUR/USD reverses the pessimism seen at the beginning of the week and manages to reclaim buying interest and re-visits the mid-1.2100s, or daily highs so far. Coupled with the soft note in the dollar, yields of the German 10-year B...

GBP/USD gained strong follow-through traction for the second straight session on Monday. The Scottish election outlook provided some relief to the GBP and remained supportive. A modest USD rebound – amid an uptick in the US bond yields – did little to hinder the move. EUR/USD pushes higher and advances to new highs near 1.2180. The weakness around the dollar props up the upside in spot. Yields of...

The GBP/USD pair built on its intraday positive move through the first half of the European session and shot to fresh daily tops, around the 1.3925-30 region in the last hour. Following the previous day's post-BoE two-way price moves, the pair caught some fresh bids on the last trading day of the week and was supported by a combination of factors. The British pound was underpinned by the Bank of E...

GBP/USD: Critical support at 1.3880 appears at risk on BOE, Scottish elections according to Confluence Detector. Sterling ticked up against the dollar yesterday as a poll showed Scotland’s main pro-independence party was unlikely to win an outright majority in Thursday’s election, undermining its hopes for a referendum on separating from Britain. The Scottish National Party (SNP) wants a majority...

GBP struggles around $1.3900 despite triangle breakout, as the US dollar picks up bids and resumes Tuesday’s uptrend. Ongoing Brexit concerns over the Northern Ireland border issues and strong US economic data also weigh on the cable. The dollar's bounce on Tuesday put pressure on the euro, which dropped to $1.2021 and threatened to breach important chart support in the $1.1995/1.2000 area. The do...

GBP/USD drops to 1.3900 neighbourhood, fresh session lows. EUR/USD set to climb towards the 2021 high at 1.2349 – Commerzbank. The slide from 1.2150 to 1.21 is probably not the usual "buy the dip" opportunity. The dollar index was up 0.1% at 90.648, trading around levels last seen in late February. The index is on course to end the week 0.2% lower, bringing its losses for April to 2.8%. A four-wee...

GBP/USD: Poised to test the March highs at 1.4001/17. EUR/USD has broken key resistance from its March high, 61.8% retracement of its Q1 fall and downtrend from the beginning of the year at 1.2103/18. Analysts at Credit look for further strength to 1.2212, potentially the 1.2243 February high.  EUR/USD removed key resistance at 1.2103/18 yesterday and completed a bullish ‘outside day’ in the...

GBP/USD bounces off lows, trades with modest losses just below 1.3900,  and witnessed some selling on Wednesday, albeit showed some resilience  at lower levels. The formation of a symmetrical triangle points to  indecision over the pair’s near-term trajectory. EUR/USD has been  drifting lower as the dollar gains ahead of the Federal Reserve's  decision. The dollar index wa...

GBP/USD: Boris kills the pound with his words ahead of the Fed. Initial support awaits at the daily low of 1.3680, followed by 1.3820 and 1.3810. Resistance is at 1.3925, the weekly peak, followed by 1.3950 and the all-important double-top of 1.4010. Euro/dollar continues benefiting from upside momentum on the four-hour chart while the Relative Strength Index (RSI) has drifted away from 70 – thus...

Three British developments set to boost sterling - Optimism about the NI protocol, Britain's vaccine milestone and bullish BoE comments. EUR/USD retakes the 1.2100 mark and above on Monday. USD-selling continues to support the upside in the pair. German Business Climate improved a tad in April. Dollar Index, which tracks the greenback against a basket of six other currencies, was 0.1% lower at 90....

GBP/USD regained positive traction on Friday and stalled its recent slide from multi-week tops. The prevalent bearish sentiment surrounding the USD was seen as a key factor lending support. The British pound got an additional boost following the release of upbeat UK PMI prints for April. UK Manufacturing PMI beats estimates with 60.7 in Apr. Services PMI in the UK jumps to 60.1 in Apr, a beat. GBP...

GBP/USD set to tackle 1.40, fundamental picture remains favourable for cable bulls. Some resistance awaits at the daily high of 1.3950, followed by the fresh April peak of 1.4010. Support is at this week's swing low of 1.3880, followed by 1.3850 and 1.38. EUR/USD moved to fresh peaks around 1.2080 before losing some traction amidst the resurgence of dollar demand and volatility on fresh coronaviru...

GBP/USD trades with modest losses, still above 1.3900 mark. The European Internal Market Commissioner Breton has stated that at least 12 of the 27 countries in the bloc are confident that they will be able to vaccinate 70% of their adult population by mid-July. Although such good news is likely to be EUR supportive, we do not expect the EUR to react in the same bullish way as GBP did at the start...

GBP/USD eases from multi-week tops, flat-lined below 1.4000 mark. Sustained USD selling, upbeat UK jobs report pushed GBP/USD to multi-week tops on Tuesday. Rebounding US bond yields extended some support to the USD and capped gains for the major.  The EUR/USD pair extended its advance to 1.2079, a fresh one-month high, retreating afterwards but holding on to substantial weekly gains in the 1...

GBP/USD gained strong positive traction for the sixth consecutive session on Monday. Reduced Fed rate hike bets continued weighing on the USD and remained supportive. A sustained move beyond monthly swing highs will set the stage for additional gains. EUR/USD finally surpasses the key barrier at 1.20 the figure. Further north of 1.20 comes in the 100-day SMA around 1.2050. The dollar traded largel...

GBP/USD risk looks to be already shifting lower again and below 1.3750 would warn of a retest of key support from the March low at 1.3670/63, the Credit Suisse analyst team reports. Eurozone inflation arrives at 1.3% YoY in March. Monthly CPI in the bloc rises by 0.9% in March. EUR/USD defends minor bids, unfazed around 1.1975 on the data release. According to Eurostat’s final reading of the Euroz...

As GBP softened, GBP/USD found solid support in the 1.3670-00 area. However, rebounds are likely to be limited until there is clarity on the 6th May elections. GBP recent softness, notably versus EUR, coincided with a slide in vaccinations since Easter, partly due to a reduced vaccine supply from India while alternatives are yet to be approved. However, the rollout remains above prior targets and...

GBP/USD pair is extending the upside momentum in the early European session, touching the highest level in three days near 1.3775. Looking at the technical picture, a sustained strength beyond 200-hour SMA, around the 1.3780 region might be seen as a trigger for intraday bullish traders. That said, a modest US dollar rebound from three-week lows – amid a modest pickup in the US Treasury bond yield...