GBP/USD Forecast: British pound showing signs of life on renewed Brexit optimism
According to several news outlets, the European Union will propose to remove up to 50% of customs checks on British goods at Northern Ireland border. Maroš Šefčovič, European Commission Vice President of Interinstitutional Relations and Foresight, said that they will be offering "very far-reaching" changes to resolve the issue surrounding the movement of UK goods, including medicine. Read more...
GBP/USD Analysis: Bulls looking to seize control ahead of UK data/US CPI/FOMC minutes
The GBP/USD pair witnessed good two-way price moves on Tuesday and finally settled with modest losses for the second successive day. Against the backdrop of hawkish signals by the Bank of England (BoE) officials over the weekend, a mostly upbeat UK jobs report extended some support to the British pound. The UK Office for National Statistics reported that the ILO Unemployment Rate edged lower to 4.5% during the three months to August from 4.6% previous. Moreover, the Average Earnings Including Bonuses surpassed market expectations and showed a 7.2% YoY growth for the reported period. Bulls, however, struggled to capitalize on the move amid the UK-EU stand-off over the Northern Ireland (NI) protocol. Read more...
GBP/USD pares daily gains, trades below 1.3600 on renewed USD strength
The GBP/USD pair reversed its direction after climbing toward 1.3650 earlier in the day and retraced the majority of its daily advance. As of writing, the pair was up only 0.05% on the day at 1.3592.
Renewed dollar strength on US September inflation report seems to be weighing on GBP/USD at the beginning of the American session. The monthly report published by the US Bureau of Labor Statistics revealed that the annual Consumer Price Index (CPI) edged higher to 5.4% in September from 5.3% in August. Additionally, the Core CPI, which excludes volatile food and energy prices, stayed unchanged at 4% on a yearly basis. Read more...
|Today last price||1.3596|
|Today Daily Change||0.0008|
|Today Daily Change %||0.06|
|Today daily open||1.3588|
|Previous Daily High||1.3638|
|Previous Daily Low||1.3568|
|Previous Weekly High||1.3659|
|Previous Weekly Low||1.3532|
|Previous Monthly High||1.3913|
|Previous Monthly Low||1.3412|
|Daily Fibonacci 38.2%||1.3595|
|Daily Fibonacci 61.8%||1.3611|
|Daily Pivot Point S1||1.3559|
|Daily Pivot Point S2||1.3529|
|Daily Pivot Point S3||1.349|
|Daily Pivot Point R1||1.3628|
|Daily Pivot Point R2||1.3667|
|Daily Pivot Point R3||1.3697|
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