MENU

Pound Sterling: Bailey in Clearest Rate Hike Warning Yet

Pound Sterling: Bailey in Clearest Rate Hike Warning Yet


The British Pound is close to the previous week's highs against the Euro and Dollar with markets on Monday digesting perhaps the strongest hint yet that the Bank of England is intent on raising interest rates soon.


Pound Sterling Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More GBP Pairs

Click for EUR | USD | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF


Euro Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More EUR Pairs

Click for EUR | USD | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF


U.S. Dollar Data and Latest News


1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

Loading

* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

Click Here for More USD Pairs

Click for GBP | EUR | AUD | NZD | CAD | JPY | ZAR | SEK | NOK | CHF

Effective Exchange Rates

Cryptocurrency Live Prices in Pounds, Euros and Dollars

Currency Change 24h Price (GBP) Price (EUR) Price (USD)
Dogecoin DOGE +2.36%

Dogecoin price in Pounds

0.1754 View Data

Dogecoin price in Euros

0.2082 View Data

Dogecoin price in Dollars

0.2411 View Data
Buy Now
Bitcoin BTC +3.16%

Bitcoin price in Pounds

45330.535 View Data

Bitcoin price in Euros

53800 View Data

Bitcoin price in Dollars

62297.979 View Data
Buy Now
Ethereum ETH +0.18%

Ethereum price in Pounds

2810.9229 View Data

Ethereum price in Euros

3336.11 View Data

Ethereum price in Dollars

3863.0653 View Data
Buy Now
Tether USDT +0.28%

Tether price in Pounds

0.7261 View Data

Tether price in Euros

0.8618 View Data

Tether price in Dollars

0.9979 View Data
Buy Now
Ripple XRP -2.52%

Ripple price in Pounds

0.7998 View Data

Ripple price in Euros

0.9492 View Data

Ripple price in Dollars

1.0991 View Data
Buy Now
Litecoin LTC +0.11%

Litecoin price in Pounds

135.4524 View Data

Litecoin price in Euros

160.76 View Data

Litecoin price in Dollars

186.1528 View Data
Buy Now
Cardano ADA -0.1%

Cardano price in Pounds

1.5706 View Data

Cardano price in Euros

1.864 View Data

Cardano price in Dollars

2.1584 View Data
Buy Now
Polkadot DOT +1.26%

Polkadot price in Pounds

31.0952 View Data

Polkadot price in Euros

36.905 View Data

Polkadot price in Dollars

42.7343 View Data
Buy Now
Enjin ENJ -1.28%

Enjin price in Pounds

1.1908 View Data

Enjin price in Euros

1.4133 View Data

Enjin price in Dollars

1.6366 View Data
Buy Now
Bitcoin Cash BCH -0.46%

Bitcoin Cash price in Pounds

448.9998 View Data

Bitcoin Cash price in Euros

532.89 View Data

Bitcoin Cash price in Dollars

617.0626 View Data
Buy Now
Stellar XLM +1.48%

Stellar price in Pounds

0.2858 View Data

Stellar price in Euros

0.3392 View Data

Stellar price in Dollars

0.3928 View Data
Buy Now
Chainlink LINK -2.89%

Chainlink price in Pounds

19.2444 View Data

Chainlink price in Euros

22.84 View Data

Chainlink price in Dollars

26.4477 View Data
Buy Now
Aave AAVE -2%

Aave price in Pounds

221.349 View Data

Aave price in Euros

262.7054 View Data

Aave price in Dollars

304.201 View Data
Buy Now

GBP/USD: Rejected at 1.30 again, Newsflow to Trump Technicals

Dollars

Image © Adobe Images

The GBP/USD exchange rate rallied sharply at the start of the new week to only be rejected at levels above 1.30, suggesting the market requires a fundamental narrative to break it out of its recent range says Richard Perry of Hantec Markets.

Elevated levels of intraday volatility are still a feature of GBP/USD trading right now.

Once more we saw a rally into 1.3000 failing to hold yesterday and GBP/USD dropping back -75 pips into the close.

It is indicative of the constant swing back and forth not only of USD expectations but also on GBP with uncertainty over Brexit trade deal developments.

GBP/USD is subsequently stuck in a sideways range.

GBPUSD

Support has developed at 1.2845 but the rallies have faltered between 1.3000/1.3080 repeatedly over the past six weeks.

Trading within a clutch of neutral moving averages, we also see RSI and MACD momentum indicators almost dead neutral.

It looks that is will be a newsflow driven breakout for GBP/USD, so we watch US fiscal stimulus and Brexit trade deal developments again.

GBPUSD download banner

The 48 hours deadline for the talks between the Democrat leadership and the White House over fiscal stimulus comes to pass today.

Democrat House Speaker Nancy Pelosi said over the weekend that Tuesday was the final point at which the stimulus could be delivered before the Presidential Election, two weeks from today.

Whilst there have been fluctuations on Wall Street indices, it is interesting that currency and commodities markets have all but lost direction now.

According to Pelosi’s camp, they have “continued to narrow their differences” but we have been thrown back on forth on several occasions over recent weeks on this stimulus package.

With the potential to use the failure to deliver on stimulus as a political football in the last run up to the election day, we do not hold out much hope that anything positive will be agreed.

If this is the case, then a jolt to sentiment could be seen in the coming days, before markets settle in for the prospects of a Biden victory to the White House.

Biden holds a 10% lead in the averaged polls, whilst also leading in many of the 'swing' states.

As for today’s session, there is a mix of sentiment on markets, with little real direction on USD (downside on AUD came after dovish RBA comments with NZD falling in sympathy).