|Day's range||1.307 - 1.307|
|52-week range||1.1959 - 1.3510|
The British pound broke above the highs of the previous session on Thursday, but then turned around to show signs of weakness. At this point, the market is likely to grind back and forth but I think the most important thing to pay attention to is that we have a lot of support underneath.
The British pound rallied a bit against the US dollar during the week, breaking above the 200 week EMA, and using a major uptrend line as a crutch.
Better than expected PMI data out of the UK triggered a spike higher in GBP/USD to levels not seen since January 7th. However, the pair quickly retreated after the report to give back the gain.
The pound has enjoyed a good week, with gains of close to one percent. There are two more hurdles for the currency before the weekend, with the release of manufacturing and services PMIs (release time – 9:30 GMT).
It’s a busy day ahead, with private sector PMIs for January to set the tone. Expect retail sales figures from Canada to also drive the Loonie.
The British pound pulled back during the Thursday trading session against the greenback, as the market may have gotten a bit ahead of itself during the Wednesday session.
Dambisa Moyo said governments have 'abdicated' their responsibilities and corporations were 'wrongly' being asked to pick up the slack.
GBP/USD consolidated in early trading on Thursday after a notable upward technical break yesterday which has set a positive tone for the pair.
"We have found an agreement with US Treasury Secretary Steve Mnuchin and we are still in the process of defining the basis with the OECD."
Dear Traders, The GBP/USD has formed Adam and Adam pattern, which is a stronger variant of a W bullish pattern. Continuation up is expected.
The British pound has flexed some muscle, as GBP/USD has climbed above the 1.31 line for the first time in two weeks. Will the upward move continue?
Employment figures give the Aussie a boost as the focus shifts to the ECB. Will Lagarde follow the BoC with a dovish outlook to sink the EUR?
The British pound took off during the trading session on Wednesday as we have bounced from a major trend line, broken above the 50 day EMA, and then break even higher from there.
The role of a business chief executive far extends beyond buoying up a balance sheet and delivering profit for stakeholders.
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GBP/USD is catching a bid in early trading and is making an attempt at the upper bound of a trend channel that has contained price action since the start of the year.
Lloyds CEO Antonio Horta-Osario has re-evaluated the importance of mental health for the group’s 65,000 employees since suffering from workplace stress in 2011.