|Day's Range||1.3 - 1.311|
|52 Week Range||1.1477 - 1.3510|
GBP/USD stays near 1.3100 as it tries to stabilize after the recent upside move.
At 3:05 AM ET (0705 GMT), the US Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.3% at 93.550, rebounding from the two-year low of 92.523 seen late last week. Elsewhere, USD/JPY was up 0.1% at 105.98, GBP/USD was down 0.1% at 1.3070, while EUR/USD was down 0.2% at 1.1755, more than a cent below Friday's two-year high of 1.1908.
It’s a busy week ahead for the markets. Economic data, COVID-19 updates, and political wrangling on Capitol Hill are just a few of the things to consider.
The British pound has rallied significantly against the US dollar yet again this week. We are running into a little bit of trouble at the 200 week EMA.
The British pound has gone straight up in the air and is now threatening what I thought would be a target for a couple of weeks from now.
The British pound finished out the week on strong footing as it continues to rally against almost everything, including in this case the Japanese yen.
The pound climbed on Friday, closing out a month that is set to deliver powerful gains for the U.K. currency, whose gains did no favors for the broader stock market.
It’s a busy day ahead on the economic calendar. The EUR, the Loonie, and the Greenback are in focus along with the U.S COVID-19 stimulus package.
CoinDesk has learned the Bank of England's new settlement system is being built so it can be forwards compatible with a digital currency.
The British pound has pulled back a bit during the trading session on Thursday only to find buyers underneath and go rocketing above the 1.30 level.
The British pound continues to rally significantly against the Japanese yen as we are now threatening the ¥137 level during the open in North America.
The dollar edged higher in early European trade Thursday, but remained mired near two-year lows after the Federal Reserve stuck to its dovish stance in pledging to support the U.S. economy from the ravages of the Covid-19 pandemic. The U.S. Federal Reserve concluded its latest two-day meeting late Wednesday, keeping interest rates near zero, pledging to keep an accommodative monetary policy for an extended period.
The British pound pulled back just a bit on Wednesday but has found buyers underneath. At this point, the 1.30 level is about to be tested.
The dollar traded lower in early European trade Wednesday, languishing near two-year lows, amid doubts about the U.S. economic recovery and the Federal Reserve concluding its latest meeting. The U.S. Federal Reserve concludes its latest two-day meeting Wednesday, and is likely to stick to a dovish stance at its policy review later in the day, many of its officials having given gloomy forecasts in their recent public appearances.. While there have been some signs that the coronavirus is waning in some of the previous hotspots, four U.S. states in the south and west reported one-day records for coronavirus deaths on Tuesday and nationwide cases stayed high.