GBP/USD eases below 33-month peak; broader outlook is bullish [Video]
GBPUSD is retreating somewhat after the pullback off the 33-month high of 1.3745 in the preceding week. Currently, the pair is flirting with the 20-day simple moving average, remaining well above the long-term uptrend line, which has been holding since May 2020. Read more...
GBP/USD volatility at lowest since March
Sterling volatility hovers at multi-month lows despite fears of new coronavirus strain in the UK and lockdown restrictions. One-month GBP/USD volatility is seen at 7.465%, having hit a low of 7.225% on Jan. 22, according to data source Reuters.
Prime Minister Boris Johnson warned on Friday that the new UK COVID-19 variant might be associated with a higher level of mortality. Further, the British government has extended lockdown laws to give councils the power to close pubs, restaurants, shops, and public spaces until July 17. Read more...
|Today last price||1.3652|
|Today Daily Change||-0.0018|
|Today Daily Change %||-0.13|
|Today daily open||1.367|
|Previous Daily High||1.3724|
|Previous Daily Low||1.3649|
|Previous Weekly High||1.3746|
|Previous Weekly Low||1.352|
|Previous Monthly High||1.3686|
|Previous Monthly Low||1.3134|
|Daily Fibonacci 38.2%||1.3677|
|Daily Fibonacci 61.8%||1.3695|
|Daily Pivot Point S1||1.3638|
|Daily Pivot Point S2||1.3606|
|Daily Pivot Point S3||1.3563|
|Daily Pivot Point R1||1.3712|
|Daily Pivot Point R2||1.3755|
|Daily Pivot Point R3||1.3787|
GBP/USD Forecast: Bulls are ready to take back control as Britain gets a pay rise
Coronavirus crisis? Not in Britain's labor market, which has shown resilience once again and may help sterling recover – at least while US stimulus talks continue.
The UK's Unemployment Rate has edged up to 5% in November, below 5.1% expected and a low level also in absolute terms. The bigger surprise came from Average Earnings, which accelerated to an annual increase of 3.6% both when including and excluding bonuses. The more recent Claimant Count Change rose by 7,000, also exceeding estimates. Read more...
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