GBPUSD Price Rallies to a Six-Week High, Brexit Latest
GBPUSD has just hit its highest level since late-July and is eyeing further gains on a combination of a marginally stronger Sterling complex and a weak US dollar.
Sterling (GBP) Price Outlook Rattled by Brexit Confusion, PMI Weakness
Sterling remains under pressure with little scope for a sustained upside move as Brexit continues to weigh on market sentiment, while the latest batch of PMIs point to the UK economy contracting in Q3.
GBPUSD Price: Selling-Off on Talk of UK Parliament Suspension, Proroguing
The British Pound slipped lower on talk that the UK government is looking to suspend Parliament from mid-September (proroguing), limiting the time that Remainers have to stop a no-deal Brexit.
GBPUSD Price Outlook Fragile as Boris Johnson Heads to Europe
UK PM Boris Johnson is off to Europe for meetings with French President Emmanuel Macron and German Chancellor Angela Merkel with Sterling traders watching events closely.
GBPUSD Price Slumps to Fresh 27-Month Low, No Respite in Sight
GBPUSD fell sharply Tuesday, hitting levels last seen in April 2017, despite slightly better-than-expected UK jobs and wages data. And the charts provide no support as yet.
GBPUSD Price: Riding the US Dollar Slump, US CPI Ahead
GBPUSD is benefitting from further weakness in the US dollar and is pushing back to levels last seen three-weeks ago.
Sterling (GBP) Jumps on Rumored Irish Backstop Deal Breaker
GBPUSD jumped 50 ticks after media reports that German Chancellor Angela Merkel was considering offering the UK a five-year Irish backstop limit, a proposal that could help beleaguered PM May pass the Withdrawal Agreement.
GBPUSD Price Outlook: Sterling Technicals Turning Positive
The GBPUSD technical outlook is now starting to turn positive with cable back above trend and at a one-week high. Further gains may be on the cards if trend support holds.