|Day's range||0.796 - 0.798|
|52-week range||0.7402 - 0.8713|
British pound rallied on Monday but continues to see resistance near 1.2650. It seems to me as if there is significant resistance all the way to 1.2750.
The British pound rallied against the Japanese yen on Monday but we have given back those gains in order to continue the consolidation around the ¥135 level.
GBP/USD is on pace to post a third day of sideways trading as the 200-day moving average has caused a pause in the bullish rally.
The paper-based bottle is the latest step in tackling the environmental footprint of packaging.
Co-founder of Chinese online marketplace Alibaba Jack Ma has cut his stake in the company, cashing out around $9.6bn over the past year.
The Commitments of Traders reports highlight speculators positions and changes made during the week to July 7 in FX, bonds and stocks. Appetite for risk during this U.S. holiday shortened week was firm with the Nasdaq 100 rising by 3.6% while the dollar weakened against its peers.
The GBP/USD is where sellers could be. At this point the price is bullish but watch for M H4 rejection if the price gets closer.
GBP/USD managed to settle above 1.2600 and tests the high end of the current trading range.
The dollar has weakened in early European trade Monday, with investors turning to risk-sensitive currencies amid optimism over the upcoming earnings season even as the Covid-19 outbreak rages on. Goldman Sachs (NYSE:GS) has become a little more optimistic on earnings prospects for the S&P 500 Index this year, lifting its baseline forecast for S&P 500 earnings per share in 2020 to $115, up from a prior estimate of $110. The World Health Organization reported a record 230,370 new cases in 24 hours on Sunday.
It’s a quiet day on the economic calendar. FED Chair Powell and BoE Governor Bailey are scheduled to speak. Expect Trump and COVID-19 to also influence.
British pound has had a very bullish week, as we continue to see a rally. Every time it looks as if it is going to fall, buyer step in to pick up yet again.
The British pound rallied during the week, but continues to face resistance at the crucial ¥135 level. Because of this, I am not overly excited about this pair.
The British pound initially fell a bit on Friday but continues to find support as we broke back above the 200 day EMA by the time New York got online.
British pound fell hard against the yen to kick off the session but found support at the 50 day EMA. We are forming a short-term range to determine where we go.
Buy-to-let and holiday homes are among those able to benefit from lower stamp duty costs under the government's plans in England and Northern Ireland.
GBP/USD briefly traded at a fresh three-week high yesterday before turning lower to post a small daily loss which ended a four-day bullish streak.
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HMRC said a 57-year-old had been released under investigation after raiding a property in the West Midlands over suspected furlough fraud and other offences.
"The question is whether Fitch decides to be tough and downgrade Italy. We expect that it will remain on hold given that the ECB and EU are showing strong support for Italy through QE and the expected recovery fund," said Danske Bank.