Previous close | 0.8098 |
Open | 0.8091 |
Bid | 0.8094 |
Day's range | 0.8091 - 0.8094 |
52-week range | 0.7887 - 0.9635 |
Ask | 0.8095 |
The British pound initially tried to rally during the trading session on Monday, but as it was Memorial Day, liquidity was an issue.
The British pound pulled back on Monday as the market had gotten too far ahead. At this point, the market is likely to pull back toward the ¥172.50 level, where I would expect buyers to return.
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The British pound fell rather hard during the course of the trading week to reach the 1.2350 level, where buyers have stepped in to pick up the market.
The British pound has rallied a bit during the trading session on Friday, as we have broken above the 1.2350 level and tested the 50-Day EMA.
The British pound shoot straight up in the air during the week, showing signs of breaking above the ¥173 level.
The British pound initially pulled back just a bit during the trading session against the yen on Friday but turned around to show signs of strength yet again.
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The British pound has gone back and forth during the trading session on Thursday as we continue to see a lot of noise in the Forex markets.
The British pound has fallen initially during the trading session on Thursday, as we continue to see a lot of noisy behavior. With this being the case, I think you get a situation where it’s only a matter of time before we break out.
The U.S. dollar gained in Europe Thursday, climbing to a two-month high on rising fears of a U.S. default as Fitch threatens a rating downgrade. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 103.955, just below the 104.05 overnight peak, the highest level since mid-March. The dollar’s safe haven status has meant that it has benefited from the lack of progress in the talks to lift the U.S. government's $31.4 trillion debt ceiling, with the early-June deadline that Treasury Secretary Janet Yellen said is when it’s “highly likely” that her department will run out of money drawing nearer.
The British pound has gone back and forth during the trading session on Wednesday, as we continue to see a lot of noisy trading. The 50-Day EMA of course, is attracting a lot of attention.
During the session on Wednesday, the GBP/JPY pair dropped, only to find buyers again.
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The British pound fell a bit during the trading session on Tuesday to show signs of weakness after PMI numbers came out weaker than anticipated.
The British pound has pulled back against the Japanese yen during the trading session on Tuesday as we continue to see many questions about inflation worldwide.
BoE admits it got its forecast for price rises wrong and was slow to act.
The International Monetary Fund (IMF) said it no longer expects Britain's economy to fall into a recession this year and has upgraded its forecasts.
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Economists expect the figure to fall to between 8% and 8.5% on Wednesday.