|Day's Range||1.414 - 1.418|
|52 Week Range||1.2369 - 1.4340|
The pound traded close to seven-week high against the dollar on Thursday, heading higher after stronger-than-expected U.K. retail sales and as traders waited for the latest Bank of England announcement....
The dollar’s initial rally failed to gain traction because ahead of the Fed’s announcement, speculators were probably betting on as many as four rate hikes this year.
The British pound rallied a bit during the trading session on Wednesday, showing signs of strength again. The 1.40 level continues to be very important but with the Federal Reserve releasing the monetary policy statement, things could change rather rapidly.
Investing.com – The dollar fell against a basket of major currencies as traders appeared to take profits on recent gains ahead of a widely expected interest rate hike on Wednesday.
The U.S. dollar extends its decline against its major rivals on Wednesday as the Federal Reserve raised interest rates but stuck to its previous guidance of three rate increases in total this year.
The U.S. Dollar sold off on Wednesday following a the Federal Reserve's policy announcement that included a dovish interest rate hike. While the central bank raised rates by 25 basis points, in line with ...
Led by anti-EU campaigner Nigel Farage, a boatful of Brexiteers protest against a lack of fishing-fleet protections in the EU-U.K. transition deal — but a rule-happy official prevents them from reaching ...
Investing.com - The U.S. dollar remained lower against other major currencies on Wednesday, as investors were cautious ahead of the Federal Reserve's monthly policy decision due later in the day.
Investing.com - The pound rose to the day’s highs on Wednesday after the latest UK jobs report showed that wage growth picked up, fueling expectations for a rate hike by the Bank of England, possibly as soon as May.
Global equities have turned cautious in Europe before the U.S Federal Reserve’s FOMC Statement and Press Conference.
Investing.com - The dollar was lower against a currency basket on Wednesday as investors awaited the conclusion of the Federal Reserve’s meeting later in the day, when it was expected to announce its first rate hike of the year.
The pair reversed its direction and broke down significantly during the Tuesday’s session reaching the 1.2275 level, an area which is a significant support level. If Fed moves forward with 3 rate hikes this year, then the market will resume its upward movement towards the 1.43 and 1.45 level. The AUD traded on a choppy note throughout the Tuesday’s session dancing just above its major support level at 0.77 level.
The British pound has been negative during trading on Tuesday, breaking below the 1.40 level, but as I record this looks as if we are trying to retake that area. If that’s the case, I think we will continue to go higher.
Investors will also be looking for clues from the central bank on its outlook for the U.S. economy and how many interest rate increases we may see to prevent the economy from overheating.
Investing.com – The dollar rose against a basket of major currencies amid expectations that the U.S. Federal Reserve will raise rates for the first time this year on Wednesday.
Investing.com - The dollar rebounded against a basket of the other major currencies on Tuesday, ahead of a Federal Reserve policy meeting where it was expected to announce the first rate hike of this year.
Investing.com - The U.S. dollar moved higher against other major currencies on Tuesday, as investors awaited the Federal Reserve's monthly policy meeting due to begin later in the day.
Investing.com - The pound trimmed gains on Tuesday after data showing that inflation in the UK fell to its lowest level since July last month, easing a squeeze on household spending.
While 1.2350-55 confined the EURUSD’s latest recovery, the 1.2290 seems coming back on the chart but an upward slanting trend-line, at 1.2265 now, may restrict the pair’s following downside. Should the quote drops beneath the 1.2265, the 1.2230 and the 1.2210-05 horizontal-line can become sellers’ favorite ahead of reigniting the importance of 1.2155 support-mark. In case if the Fed disappoints USD Bulls, the 1.2355 may offer immediate resistance to the pair before propelling it to the 1.2380 trend-line barrier, which if broken could further escalate the up-moves to 1.2410 and then to the 1. ...
Furthermore, the UK consumer price index may probably lead to a rise of the GBP, a nice boost along with other factors that have been presented above. It could be noted that the GBP/USD fundamental analysis aligns with the technical analysis.
The pair shot higher slamming the 1.2325 level during the Monday’s session, the area which has been a bit noisy and supportive in the past. Because of this, it will experience difficulty in crossing above and once it clears above then it should move higher reaching the 1.24 and 1.25 level eventually. The market has also some downside risk if the Fed sounds out to be more hawkish in respect to the rate hike in its next meet. …Read MoreGBP/USD
The British pound exploded to the upside during trading on Monday, as it was announced that the United Kingdom and the European Union have come to some type of basic outline for the United Kingdom leaving the European Union. This has been a bit of a dark cloud hanging over the British pound, so buyers jumping in at this point isn’t much of a surprise.