|Day's range||1.324 - 1.328|
|52-week range||1.2677 - 1.4377|
Bank of England kept interest rates unchanged but policy statement, dissents reveal hawkish tiltBloomberg News/LandovBank of England Gov. Mark Carney, right, speaks at a November news conference as Ben Broadbent, deputy governor for monetary policy, looks on. The British pound was one of the strongest-performing major currencies on Thursday, bouncing higher after the Bank of England’s monetary policy update.
Investing.com – The U.S. dollar gave up its early gains against its rivals following weaker Philadelphia Fed data and a rebound in sterling after the Bank of England's hawkish pivot.
Investing.com - The dollar eased after hitting the highest levels of the year on Thursday following the release of soft U.S. manufacturing data, while the pound was higher after the Bank of England laid the groundwork for an August rate hike.
Investing.com - The dollar rose to the highest levels of the year against a currency basket on Thursday, while the pound fell to seven month lows ahead of the conclusion of the Bank of England policy meeting later in the day.
GBPUSD’s recent U-turn, mainly due to three MPC members voting in favor of a rate-change, seems fueling the pair towards 1.3230-40 resistance-zone and then to the 1.3310 barrier. However, six-week long descending trend-line, at 1.3410 now, could restrict the pair’s further upside, failing to which highlights the 1.3480 and the 1.3550 resistances ahead of challenging the buyers’ strength by 200-day SMA level of 1.3600 and the 1.3610-20 region. In case if the pair can’t sustain latest pullback, the 1.3080 seems immediate support to watch ahead of observing the 1. ...
The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations. "Inflation is expected to pick up by slightly more than projected in May in the near term, reflecting higher dollar oil prices and a weaker sterling exchange rate," the bank said in a statement.
Investing.com - The dollar rose to near eleven month highs against a currency basket on Thursday, supported by expectations for a faster pace of rate hikes this year, while the pound was at the lows of the year ahead of the Bank of England meeting later in the day.
The pair traded on a choppy note during the Wednesday’s session initially tried to move higher but pulled back. The market seems to be trying to form a base around the 1.1550 level using the strong support level at 1.15 level.
Traders looking to get bullish on the British pound ahead of Thursday’s Bank of England meeting might want to try taking the dollar out of the equation, analysts said. Sterling (GBPUSD) hovered around a 7-month low versus the dollar ahead of the central bank meeting, thanks in part to a nearly relentless rally by the U.S. currency that began back in April. To get around that, traders looking for a more hawkish tone from the Bank of England might look to the euro-sterling (EURGBP) pair, which is also seen as a more accurate Brexit risk barometer, analysts said.
The British pound has rallied ever so slightly during trading on Wednesday but has seen the 1.32 level offer resistance where support once was. It is currently bouncing around, but with an overall bearish attitude. I think this is going to continue to be the case, as economic numbers out of Great Britain recently have disappointed.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Wednesday as softer U.S. economic data and a rebound in sterling kept a lid on upside momentum.
Investing.com - The pound was trading close to seven month lows on Wednesday as Prime Minister Theresa May’s government faced another crunch vote on Brexit.
The British pound has fallen hard during the trading session on Tuesday, reaching towards the 1.3150 level. The market breaking below the 1.32 level is a significant turn of events, and I think at this point the market will continue to find sellers until we get some type of call meaning of trade tensions betweenthe US and China.
Investing.com – The U.S. dollar rose to its highest level in nearly a year against its rivals, as U.S.-China trade-war concerns intensified after U.S. President Donald Trump threatened China with fresh tariffs.
Investing.com - The dollar rose to the day’s highs against a currency basket on Tuesday and pared back some losses against the safe haven yen as heightened trade tensions between the U.S. and China soured risk appetite.
Investing.com - The dollar fell to one-week lows against the safe haven yen on Tuesday as escalating trade tensions between the U.S. and China weighed on market sentiment.
The pair staged lower at the open in the Monday’s session due to some political concerns emerging out of Europe with news about Angela Markel being ousted. The 1.17 level above is massively resistive and as well as 1.18 level which the market needs to clear above in order to reverse the bearish sentiment. The 1.30 level underneath is going to be a massive support level.
While there was risk yesterday from Central Bankers very little was said to move the market. Instead, the Trade War narrative boiled up again with the latest headlines that US President Trump is planning to impose an additional $200Bn in tariffs against China.
EURUSD continues falling and updating its short-term lows. The point is that investors are once again in search of “safe haven” assets because global “trade wars” are reviving.
The British pound has fallen during the Monday session to open up the week, as we continue to see a bit of a “risk off” type of trading attitude. It’s likely that we will continue to struggle in general, as we have seen such a massive selloff as of late, and of course the Federal Reserve looks likely to raise interest rates, something that is very unique in the world of central banks right now.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Monday as trade-war angst fuelled demand for safe-haven currencies, keeping a lid on upside momentum in the greenback.