British Pound Bounces Off Support Level
Keep in mind that a bounce can look like a reversal, but we have a lot to work through in order to […]
British Pound Pierces Major Support Level
The market will now have to make up its mind as to where it wants to go longer term. The British pound […]
Pound Sitting Just Above Support
If your short-term range-bound trader, this could be a good market for you. The British pound has gone back and forth during […]
Pound Continues to Chop Back and Forth
In the short term, I would be very cautious about position size and any type of aggressive trading in a market that […]
Pound Sterling Recovers on Brexit Deal Hopes
Bank of England Governor Andrew Bailey commented that despite the bank being realistic in regards to the possible challenges that negative interest […]
Pound Pressures USD on Potential Breakout
It is obvious to me that traders right now do not believe the Federal Reserve. The British pound initially fell on Friday […]
Pound Sterling Sustains Gains as Brexit Talks Continue
On Thursday, the Office for National Statistics reported that manufacturing production went up by 0.2 percent in September after being at 0.9 […]
UK Unemployment Better than Expected, Pound Recovers
Pound is pushed higher by positive unemployment data and remaining Brexit optimism; UK economic data is mixed, though solid. The United Kingdom’s […]
Britain to Leave EU with Deal, Pound Soars
British House of Commons approves Brexit deal; British pound rallies against competitors; British economy looks positive. The British House of Commons approved […]
GBP/USD Forecast: Pound Continues Slight Recovery
In general, this is a market that will remain noisy, but if you take your time, you can take advantage of the […]
UK Struggles With New Coronavirus Strain, Pound Surges
New COVID-19 strain wreaks havoc on British economy; GBP recovers; UK economic data remain unchanged. Bank of England Governor Andrew Bailey said […]