GBP/USD gains on US-UK agreement, holds near 1.33
The Pound Sterling posted solid gains on Friday, edging up 0.41% after the announcement of a trade deal between the US and the UK on Thursday. However, a rate cut by the Bank of England (BoE) capped its gains, but the pair remains trading near the 1.33 handle after bouncing off a daily low of 1.3211. Read More...
Pound Sterling surges against US Dollar ahead of US-China trade talks
The Pound Sterling (GBP) recovers intraday losses and advances to near 1.3300 against the US Dollar (USD) in North American trading hours on Friday. The GBP/USD pair attracts bids as the US Dollar corrects slightly after a strong upside on Thursday. Read More...
GBP/USD eases post-BoE rate cut as Greenback flows rise
GBP/USD kicked off Thursday with an early spat of gains, fueled by the Bank of England (BoE) delivering the market a widely-anticipated quarter point rate cut. However, bullish momentum behind the Pound Sterling evaporated quickly as markets pivoted toward trade headlines from the United States (US). Investors are hoping for quick progress on the US making trade deals that will allow it to climb down from its own self-imposed tariff stance. Read More...
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Editors’ Picks
EUR/USD: Bears await break below 1.1200 ahead of US-China joint statement
EUR/USD attracts some sellers on Monday, though it lacks bearish conviction. A break below 200-period SMA on H4 should pave the way for deeper losses. Any attempted move up is likely to confront a stiff barrier near the 1.1250 region.
GBP/USD trades with negative bias below 1.3300 amid modest USD strength
GBP/USD attracts some sellers as the US-China trade deal eases US recession fears and boosts the USD. The US-UK trade agreement and the BoE’s cautious tone support the GBP and limit losses for the major. Traders now look forward to speeches from BoE officials and FOMC members for some meaningful impetus.
Gold price struggles near one-week low; US-China joint statement awaited
Gold price kicks off the new week on a weaker note in reaction to the optimism over the US-China trade deal. Easing US recession fears and the Fed’s hawkish pause underpin the USD, and further weigh on the commodity. The XAU/USD bears await details on the US-China agreement before positioning for any meaningful downside.
Bitcoin awaits catalyst to push BTC above $109,000, US-UK and China deals fails to trigger rally
The United States unveiled its first major trade deal with the UK last week. The announcement was followed by talks of a highly anticipated deal with China. Both developments failed to catalyze a re-test of the all-time high in Bitcoin.
Why the UK-US trade deal won’t herald a wider tariff climbdown
For Britain, the UK-US deal secures lower tariffs without compromising forthcoming UK-EU talks. And for the US, it signals to investors that the administration is prepared to be flexible on tariffs. But we're sceptical that the deal will translate into a much wider de-escalation in US tariff policy.
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