|Day's Range||6.985 - 6.985|
|52 Week Range||6.6648 - 7.1839|
President Donald Trump announces a phase-one trade deal with China on Friday, saying Beijing had agreed to purchases of U.S. goods and will avoid tariffs that had been set to go into place on Sunday.
Boris Johnson has led the Conservatives to a landslide election victory, and the British pound has climbed over 2 percent, as the markets cheered the results. The U.S. and China have reached a trade deal in principle, and the Australian dollar and Chinese yuan responded with sharp gains.
It’s Election Day across the U.K, and millions of voters will determine what happens next with the Brexit saga, which has lasted three years. If Prime Minister Johnson can win an outright majority, the British pound could respond with significant gains.
The pound remains in a holding pattern, ahead of the election on Thursday. Polls are predicting a Conservative win, but that could change and cause some stronger movement from GBP/USD.
The pound is calm on Tuesday. This lack of movement could change in a hurry, as the U.K. releases GDP and Manufacturing Production at 9:30 GMT.
The pound continues to gain ground, as the markets are pleased that Prime Minister Johnson remains ahead in the polls, with just one week to Election Day. In the Pacific region, the Aussie, NZ Dollar and Chinese yuan are trading quietly.
The British pound is hovering around the 1.33 line on Wednesday. We could some movement from GBP/USD in the North American session, with key services and employment reports out of the U.S. The Australian dollar is lower after GDP missed the forecast.
The British pound is steady on Monday, but we could see some movement, with the release of British Manufacturing PMI art 11:30 GMT. A positive manufacturing report out of China has given a slight boost to the Australian and New Zealand currencies.
The British pound is calm on Friday, as investors are already looking ahead to next week after the Thanksgiving holiday. The Australian and New Zealand dollars are slightly higher, despite soft economic releases.
GBP/USD is showing little movement on Thursday, and traders should expect a very quiet day, as U.S. markets are closed for Thanksgiving. As well, the Australian and NZ dollars and the Chinese yuan are all trading quietly.
Traders should be prepared for some movement from the pound in the North American session, as the U.S. publishes a host of events, highlighted by Preliminary GDP. This will be released at 13:30 GMT.
The British pound is steady, as the currency ignored a positive retail sales report. The Australian and Chinese currencies are flat. In New Zealand, retail sales shot up, but the NZ dollar didn’t show much interest and is trading sideways.
Steep U.S. tariffs on most Chinese goods have had a puzzling lack of influence on the price of imports, raising questions about who exactly is paying the lion’s share of higher duties.
Investing.com - The U.S. dollar was unchanged on Monday in Asia amid persistent uncertainty over Sino-U.S. trade talk progress.
US equities were weaker for most of Thursday, slowly recovering later in the session into a flat close. Trade negotiations continue to dominate sentiment; however, the risk seems to be in a much better place this morning after yesterday morning Liu He headlines saying that he was “cautiously optimistic” about Phase 1 talks. Vice-Premier He was also reported overnight to have invited the US to a new round of face-to-face talks in a phone call late last week and was hoping to meet before Thanksgiving.
Investing.com - Major currency pairs were little changed on Friday in Asia amid mixed messages on the Sino-U.S. trade progress.
Investing.com - The U.S. dollar slipped on Thursday in Asia after the release of the Federal Reserve meeting minutes. Tensions between the U.S. and China rose following reports that U.S. President Donald Trump might sign a bill that supports Hong Kong protesters.
The U.S. dollar is slightly higher on Wednesday. In the Asian session, the greenback posted gains against the Australian, New Zealand and Chinese currencies.
Investing.com - The U.S. dollar was near flat on Wednesday in Asia as traders remained cautious ahead of the release of minutes from the U.S. Federal Reserve's last policy meeting due later in the day.
It has been a quiet start on Tuesday, as the Australian, New Zealand and Chinese currencies were almost unchanged in the Asian session. I expect the lack of movement to continue throughout Tuesday.
Investing.com - The U.S. dollar was little changed on Tuesday in Asia as traders await clarity on the Sino-U.S. trade developments.
It’s a very quiet start for the Pacific currencies, as investors wait for further news on the U.S.-China trade front. The Australian, New Zealand and Chinese currencies are all trading sideways on Monday.
Investing.com - The Chinese yuan inched up on Monday in Asia after the country's central bank cuts a key liquidity rate for the first time since 2015.
The emergence of the yuan in trade-weighted currency baskets is shaking up the traditional drivers of the foreign exchange market, says Société Générale.