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GBP/USD drops to 1.3328, down 0.17% on a day, while heading into the London open on Thursday. In doing so, the Cable extends the previous day’s losses, piled mainly due to the downside comments from the BOE members, Brexit pessimism and the broad US dollar recovery.  EUR/USD is down for the third consecutive session on Thursday, coming under renewed and strong selling pressure in response to...

GBP/USD drops to 1.3328, down 0.17% on a day, while heading into the London open on Thursday. In doing so, the Cable extends the previous day’s losses, piled mainly due to the downside comments from the BOE members, Brexit pessimism and the broad US dollar recovery.  EUR/USD is down for the third consecutive session on Thursday, coming under renewed and strong selling pressure in response to...

GBP/USD: Keeps losses from yearly top below 1.3400, BOE’s Bailey eyed. EUR/USD: Ingredients are in place for a resumption of the rally. Dollar buoyed by upbeat U.S. economic data.

GBP/USD clocks in fresh 2020 high above 1.3400, eyes UK/US PMIs, Brexit talks. EUR/USD is trading closer to 1.20, a two-year high. In the long-term, a close above 1.2015 would target 1.2630 the 200-month MA. Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 91.860, having earlier reached a two-year low of 91.773.

GBP/USD defies the previous day’s pullback from yearly high of 1.3284, stays bid near intraday top. Brexit woes, surge in virus cases at home mostly ignored as US dollar trims Thursday’s gains. BOE’s Bailey to be the second key central banker at Jackson Hole after Fed’s Powell played well. EUR/USD is still expected to navigate within the 1.1740-1.1930 range for the time being. Dollar Index, which...

GBP/USD extends the Asian consolidative mode into the European session  on Thursday, having witnessed a sharp rise to 1.3220 levels in the US  last session. EUR/USD is posting modest gains in the 1.1840 region. US  Initial Claims, flash Q2 GDP figures next of note in the docket. The  dollar edged lower in early European trade Thursday, with investors  looking to Federal Re...

An upside break of 1.3200 for GBP/USD will challenge the monthly high,  also the yearly top, near 1.3270 and December 31, 2020 peak surrounding  1.3285. The buying interest around the single currency is weakening on Wednesday  and dragging EUR/USD lower. The pair is currently trading at 1.1818,  representing a 0.125 decline on the day, having clocked a high of 1.1844  on T...

The GBP/USD pair lost more than 100 pips on Friday and staged a rebound  at the start of the week. However, the pair lost its momentum after  climbing to 1.3150 area and erased all of its daily gains. As of  writing, the pair was down 0.15% on a daily basis at 1.3068.  The EUR/USD pair posted weekly losses for the first time since mid-June  last week but staged a rebound d...

GBP/USD plummets to session lows, around 1.3100 mark amid notable USD demand. EUR/USD extends slide to weekly lows near 1.1750, about to end the 8-week streak. The greenback is the top performer on Friday. The DXY is up 0.50%, trading above 93.50, the highest intraday level since Monday.

GBP/USD now seen between 1.3000 and 1.3230 – UOB.EUR/USD goes for a  small break above 1.20 for the rest of the year but they think  consolidation around 1.20 is the most likely outcome.  The dollar edged  higher in early European trade Thursday, helped by the Federal Reserve  offering few clues that it intends to take a more dovish approach to  help the U.S. economic...

UK CPI rose 1.0% YoY in July as compared to +0.6% expected. Meanwhile,  the core inflation gauge (excluding volatile food and energy items) also  surpassed expectations and came in at +1.8% YoY during the reported  month, up from the 1.4% increase in June. GBP/USD could now advance to  1.3340 in the near-term – UOB. EUR/USD faced rejection above 1.1950  during Tuesday's As...

GBP/USD seesaws in a choppy range between 1.3120 and 1.3137, currently  around 1.3128. EUR/USD faces further upside if close above the 1.1915  level. The U.S. Dollar Index that tracks the greenback against a basket  of other currencies was down 0.22% to 92.642.

GBP/USD has been retreating amid diverging disease curves across the  Atlantic, yet other factors such as rising US yields and worries about  Britain's furlough scheme were also in play. Cable is seen navigating  within the 1.2950-1.3160 range for the time being. EUR/USD rally looks  overdone as per technical indicators, however, a notable pullback could  still remain elus...

GBP popped to a high of 1.3125 before dropping back down. Momentum  indicators are turning ‘neutral’ and for today, GBP is likely to  consolidate, expected to be between 1.3010 and 1.3110. EUR/USD nears  1.18 support despite bulls control. Dollar Index was down 0.1% at  93.235, set to continue a seven-week losing streak. USD/JPY was down  0.1% at 106.84

GBP/USD snaps two-day losing streak, capped around 1.3075 off-late.  GBP/USD faces strong resistance at 1.3115. Germany’s new cases continue  to rise by over 1000. Germany’s Health Minister Jens Spahn: we are  worried about the rise in the coronavirus cases but are confident about  the health system. EUR/USD is off the highs but trades well bid above  1.1800 amid a broadly...

GBP/USD off lows, still on the defensive below mid-1.3000s post-UK macro  data. EUR/USD is holding the lower ground near 1.1715, down 0.18% on a  daily basis. The U.S. Dollar Index gained 0.13% to 93.765 and the  USD/JPY pair was up 0.14% to 106.62.

GBP/USD struggles for direction near 1.3070 post-UK data. EUR/USD: Wind  blows strongly in favour of the dollar and moderately against the euro.  The US dollar has been declining steadily, with the dollar index (DXY)  falling by 9% since the year’s high in March.

GBP/USD picks up the bids near 1.3070, up 0.16% on a day, while heading  into the London open on Monday. The Cable registered the biggest losses  since June 24 on Friday.  EUR/USD is trading around 1.1765, after  Friday's 0.78% decline, the biggest single-day drop in over four months.  Monday's 4-hour chart is painting a mixed picture with critical support  looming at...

GBP/USD losses momentum at the 1.3165 five-year resistance line.  The  EUR/USD pair is trading at 1.1844, representing a 0.28% decline on the  day, having failed to keep gains above 1.19 on Thursday. The greenback  traded 0.32% higher which has dropped to the fresh lows since May 2018  the previous day.

GBP/USD has hit 1.3183, the highest since March, showing that the BoE's  decision includes powerful punches, propelling the pound.  GBP/USD has  hit a daily peak of 1.3183 – the highest since March – before  consolidating its gains. Cable may continue higher after the BoE's  upbeat message, potentially breaking above 1.32. UOB Group noted EUR/USD  could advance to 1.2...

GBP/USD gained further losses on a breakdown of the 1.2970 level overnight however snapped the losing streak ahead of UK Services PMI coming out this morning and Bank of England Monetary Policy Report tomorrow.  The pair also cheers the broad US dollar weakness due to the government’s failure of announcing a new relief package from the coronavirus pandemic, finding support at 1.3070 heading i...

GBP/USD bears catch a breather after a two-day losing streak, pullback  from 1.3000 be the key. GBP/USD stays depressed following the break of  an eight-day-old rising trend line. Failures to cross March month’s  high, lower high formation favour sellers. Bulls seek a clear break of  1.3200 to extend the previous upside. EUR/USD is fighting with the  1.1780 resistance as T...

GBP/USD has hit the highest since March amid a massive dollar sell-off  and the cable has stabilized under 1.31 after experiencing high  volatility. EUR/USD is currently trading around 1.1755, down -0.17% on  the day, after having hit a low of 1.1740 during the Asian trading  hours. The U.S. Dollar Index gained 0.11% to 93.535.

GBP/USD rises to 1.3130, up 0.26% on a day, and is on course for the five-year resistance line at 1.3175.  EUR/USD pair is trading at 1.1892 at press time, having put in a 25-month high of 1.1905 earlier on the day. Dollar Index was down 0.4% at 92.648, having fallen as low as 92.523, a new two-year low.

GBP/USD is on the back foot as the Federal Reserve's dovish decision  triggered a false break above 1.30. EUR/USD could move beyond 1.1830 in  the near-term – UOB. Dollar Index was up 0.1% at 93.498, recovering a  touch from the 93.273 level seen earlier, its lowest level in more than  two years.