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GBP/USD rose 0.1% to 1.3748 after Britain's economy grew by 0.4% in February from January. The pound is also to pay attention to Scottish elections just before the vote – TDS. EUR/USD hovers around 1.1900 post-ZEW; EUR/USD remains apathetic in the 1.1900 neighbourhood. The dollar alternates gain with losses ahead of US CPI. German, EMU Economic Sentiment deflates in April. The pair is losing 0.10%...

GBPUSD: Recovers from daily lows near 1.3670 as UK economy gears up for re-opening. GBPUSD cheered up on hopes of a gradual re-opening of the UK economy. UK Prime Minister Borris Johnson reminded people to behave ‘“responsibly”. However, the strength in the US dollar kept the momentum in check. EUR/USD faces selling pressure below 1.1900. EUR/USD extends Friday’s pullback to the 1.1870 region. USD...

GBP/USD: Mix of British concerns with a rush to the dollar expose the  1.3670 critical support. EUR/USD struggles at the 1.1892 200-DMA, eyes  1.1860 support according to Credit Suisse. The dollar index was up 0.2%  at 92.278, after dipping as low as 92.037 earlier Friday for the first  time since March 23. The index has dropped around 0.8% this week, the  largest fall so...

GBP/USD struggled to capitalize on its intraday positive move, despite a softer USD. Concerns over the disruption to the UK's vaccine rollout weighed on the sterling. The set-up support prospects for a retest of multi-week lows, near the 1.3670 area. EUR/USD to head towards 1.1950 on a break above 1.1889 – Credit Suisse  The dollar index was down 0.1% at 92.340, after dipping as low as 92.155...

The sharp sell-off in GBP to an overnight low of 1.3802 came as a surprise. While the rapid drop appears to be overdone, there is room for GBP to dip below 1.3800. For today, the next support at 1.3750 is unlikely to come under threat (1.3770 is already quite a strong level). Resistance is at 1.3865 followed by 1.3890. GBP/EUR tested the downside of 1.16 early Wednesday, now trading around 1.1620....

The sharp sell-off in GBP to an overnight low of 1.3802 came as a surprise. While the rapid drop appears to be overdone, there is room for GBP to dip below 1.3800. For today, the next support at 1.3750 is unlikely to come under threat (1.3770 is already quite a strong level). Resistance is at 1.3865 followed by 1.3890. GBP/EUR tested the downside of 1.16 early Wednesday, now trading around 1.1620....

GBP/USD to gather stronger downside momentum below 1.3670 – OCBC “The GBP/USD pair range is narrowing to the 1.3700 to 1.3800 zone, potentially signaling a breakout. We expect it to be on the downside, especially as the USD remains on the ascendant and technicals are still more supportive of a downward move.” “Breach of 1.3670 needed for stronger downside momentum.” EUR/USD to resume its falls as...

The GBP/USD pair is trimming losses to head towards 1.3750 on the back of the comments. GBP/EUR remains at the low end of the key 1.17 level, trading above the 11-month high reached two weeks ago. The EUR/USD pair prolonged its recent bearish trajectory and dropped to a near five-month low, around the 1.1700 level. Relative Strength Index (14) has moved on the verge of breaking into oversold terri...

GBP/USD has been under mild pressure as US yields boost the dollar. Even if the UK's immunization campaign somewhat slows down, it has reached nearly 50% of the population with at least one dose and the results are clear – cases and hospitalizations are falling. Moreover, London recorded no COVID-19 deaths on Monday – the first such feat in 2021. President Joe Biden is set to unveil his infrastruc...

GBP/USD attracted some dip-buying on Monday and shot to multi-day tops in the last hour. The uptick was led by cross-driven strength stemming from the EUR/GBP and the GBP/JPY. The prevalent USD buying should cap the upside, instead prompt fresh selling at higher levels. EUR/USD has continued to struggle to get close to the 1.1800 level, with gains petering out around the 1.1790 area. Continued con...

GBP/USD to warn of a more significant correction lower below 1.3779. EUR/USD picks up extra pace and approaches 1.1800. German IFO Business Climate surprised to the upside. The likeliness of another wave of the coronavirus pandemic, further lockdown restrictions and the poor pace of the vaccination campaign in Europe all collaborate in the selling pressure around the shared currency and the deteri...

GBP/USD struggled to preserve early gains to levels just above the 1.3700 mark. Sustained USD buying turned out to be a key factor that prompted fresh selling. The set-up favours bearish traders amid tensions over COVID-19 vaccine supplies. EUR/USD faces extra selling pressure near the 1.1800 level. The upside momentum in the pair follows the persistent USD strength. German Consumer Confidence imp...

GBP/USD came under intense selling pressure on Tuesday and dropped to multi-week lows. A strong pickup in the USD demand was seen as a key factor exerting downward pressure. Technical selling below the 1.3800 mark further contributed to the steep intraday decline. EUR/USD has extended its falls below 1.19 amid rising coronavirus concerns in the EU. Germany's Merkel confirmed an extension to the lo...

GBP/USD came under intense selling pressure on Tuesday and dropped to multi-week lows. A strong pickup in the USD demand was seen as a key factor exerting downward pressure. Technical selling below the 1.3800 mark further contributed to the steep intraday decline. EUR/USD has extended its falls below 1.19 amid rising coronavirus concerns in the EU. Germany's Merkel confirmed an extension to the lo...

GBP/USD: Britain's covid vaccine achievements to allow the pound to extend its recovery. EUR/USD briefly tests lows in the 1.1870 region. The bid tone around the dollar remains well and sound. EMU’s Current Account results, ECB-speak next on tap. Dollar Index was up 0.1% at 92.047, helped by its safe haven status. USD/JPY was down 0.2% at 108.70, GBP/USD fell 0.1% to 1.3853, while the risk-sensiti...

GBP/USD managed to regain some positive traction on the last trading day of the week. Retreating US bond yields kept the USD bulls on the defensive and extended some support. Concerns about a shortage in COVID-19 vaccines in the UK might cap gains for the major. EUR/USD bounces off lows in the 1.19 zone on Friday. Lower US yields remove strength from the dollar. German Producer Prices rose 0.7% Mo...

The BoE does not hold a press conference and will likely remain silent on yields – and staying mum means allowing them to rise. Such an increase in yields would allow the pound to recover – even if the dollar storm continues. GBP/USD touched 1.40 key level ahead of BoE, swinging around 1.3960 currently. Euro/dollar has been rejected at 1.1990 – the same cap it hit late last week. That double-top a...

GBP/USD gained traction on Wednesday and built on the overnight bounce from one-week lows. The uptick was solely led by some cross-driven strength stemming from a fall in the EUR/GBP. The debacle around AstraZeneca's COVID-19 vaccines continues as the old continent is struggling to get jabs into its citizens' arms and even if the crisis is resolved shortly, many European would still refuse this sp...

GBP/USD witnessed some follow-through selling for the third straight session on Tuesday. Vaccine fears weighed on investors’ sentiment and benefitted the safe-haven greenback. Softer US bond yields any strong gains for the USD and helped limit losses for the major. Investors look forward to US Retail Sales for some impetus ahead of the FOMC and BoE. Market participants are likely to take cues from...

GBP/USD struggled for a firm direction and remained confined in a range on Monday. Failures near 1.4000 favour bearish traders; the emergence of dip-buying warrants caution. Neutral oscillators further make it prudent to wait for a sustained move in either direction. The GBP/USD pair sunk to take another look at the 1.3850 uptrend after weak data on Friday. If the cable holds the uptrend, a retest...

GBP/USD witnessed a turnaround from the 1.4000 mark amid resurgent USD demand. Rallying US bond yields underpinned the USD and exerted some pressure on the major. Mostly softer UK macro data weighed on the sterling and contributed to the selling bias. EUR/USD comes down and tests the 1.19 area on Friday. A drops and test of recent lows near 1.830 is not ruled out. The dollar rose on Friday, recove...

The GBP/USD pair looks to be stabilizing above its 55-day moving average at 1.3761 and weakness stays seen as corrective prior to the core bull trend resuming towards the recent reaction high at 1.4017, Credit Suisse appraises. EUR/USD is up for the third session in a row on Thursday and reclaims the 1.1970 region, or multi-day highs, on the back of the moderate leg lower in the greenback. The dol...

The GBP/USD pair quickly recovered around 25 pips from daily lows and was last seen trading in the neutral territory, around the 1.3870-75 region during the early European session. The pair witnessed some selling during the early part of the trading action on Wednesday and retreated further from three-day tops, around the 1.3925 region touched in the previous session. The downtick was exclusively...

GBP/USD - 1.3920 is a tough nut to crack for the bulls. GBP/USD briefly recaptures 1.3900 but the further upside appears limited. Powerful resistance awaits at 1.3920 while RSI stays bullish. The cable rebounds as the US dollar drops along with Treasury yields. Euro area GDP contracted by 4.9% in 2020. EUR/USD clings to strong daily gains above 1.1900. From a technical perspective, the GBP/USD pai...

GBP/USD resists dollar strength but not for too long. The Bank of England (BOE) Governor Andrew Bailey is scheduled to speak at a webinar hosted by the Resolution Foundation at 1000 GMT on Monday, with the speech titled ‘The economic outlook.” GBPUSD holding below 1.3820 today is a medium-term sell signal targeting1.3780/70 then 1.3715/05. Gains are likely to be limited in what could be a developi...