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GBP/USD Weekly Price Forecast – British Pound Pulls Back for the Week

The British pound continues to see a lot of resistance in the 1.25 region, an area that is a large, round, psychologically significant figure and of course the 61.8% Fibonacci retracement.

GBP/USD Price Forecast – British Pound Falls Into the Weekend

The British pound fell into the weekend, showing signs of overall weakness. After all, the jobs number was horrible in the United States, losing over 700,000 jobs, getting people to run for shelter.

GBP/JPY Price Forecast – British Pound Pulls Back Slightly Against Japanese Yen

The British pound initially tried to rally against the Japanese yen on Friday but has pulled back just a bit as we continue to see consolidation. At this point, the market is likely to have to make some type of significant move.

Death Cross Forming in GBP/USD

GBP/USD Remains Within a Range Despite Notable Dollar Recovery

The British pound has been resilient this week and has held within a tight range relative to price action in prior weeks despite the dollar regaining upward traction.

What to Watch: Record EU PMI slump, markets fall, Primark pay cuts

A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

Pound slides as UK economy 'sucked into black hole' by coronavirus

Fears grow of one of the worst recessions in modern history, with almost a million people claiming universal credit in just a fortnight.

Coronavirus: Ryanair expects €1bn profits despite 48% collapse in March traffic

The Irish budget airline said it would meet expectations for profit over the past year, but flight numbers are now at just 1% of normal levels.

Fears government can't stop 'meteor hitting planet business'

Despite billions of pound of stimulus, the UK is facing a steep contraction in its economy.

GBP/USD Daily Forecast – Consolidation Around 1.2400 Continues

The pair is in the consolidation phase after the major move that happened last week.

Service Sector PMI and U.S Nonfarm Payrolls Put the EUR and USD in the Spotlight

Nonfarm payrolls and service sector PMIs are in focus today. With the West in shutdown mode, both labor market numbers and PMIs are expected to be dire…

GBP/USD Price Forecast – British Pound Continues to Struggle at Same Level

The British pound continues to see a lot of resistance at the 1.25 handle, an area that has been like a brick wall. Quite frankly, I feel it’s only a matter of time before we rollover but with the jobs number coming out, anything can happen.

GBP/USD Holds In a Range on a Sudden Drop in Volatility

After outsized price swings in the prior three weeks, volatility in GBP/USD has subsided notably as the pair has been holding within a range since the start of the week.

Chancellor to overhaul £330bn coronavirus business loan scheme after backlash

Banks have been criticised for being too slow and in some cases profiteering through the government's coronavirus business interruption loan scheme.

What to Watch: 'Tepid' rise in stocks, lay-offs grow, BA decision on staff

A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

Coronavirus: Rising UK house price data 'irrelevant' with market in lockdown

UK residential property prices surged before the coronavirus lockdown, but estate agents warn they are now furloughing staff.

Coronavirus: UK watchdog proposes payment freeze on credit cards and loans

The Financial Conduct Authority is set to encourage a payment freeze, and may order banks to find other ways to help borrowers 'weather the storm.'

GBP/USD Daily Forecast – All Eyes On U.S. Initial Jobless Claims

GBP/USD is set to experience increased volatility on the day the most important economic release of the week is published.

Coronavirus: British Airways expected to furlough 36,000 staff

Airline expected to use the government’s Job Retention Scheme to pay for up to 80% of wages, capped at £2,500 ($3,071) a month.

Concerned That Asia Could Blow A Hole In Future Economic Recovery

We strongly believe China wants to show some strength in their perceived economic recovery and that these PMI numbers are somewhat “manufactured for effect”.