The GBP/USD rate has moderated after previously showing bullish potential. It now remains range-bound after positive Inflation data from the UK was matched by Strong US Building Permits on Tuesday.
July 20,2016
The pound is in a range as traders await UK July PMI data on Friday, which will show the extent that Brexit has impacted on the economy in July.
July 20,2016
The charts are showing the GBP/USD pair in a range. The US dollar may have gained a marginal regenerative pulse after Building Permits surprised to the upside on Tuesday but the data release did not lead to any major moves.
July 20,2016
The GBP/EUR pair rose to the top of its current sideways range on Wednesday after the release of positive UK jobs data gave it a lift. The European Central Bank rate meeting on Thursday and UK July PMI’s on Friday are the highlights of the week ahead for this pair
July 20,2016
GBP/EUR pushed higher following the BOE’s endorsement that the status quo was adequate. Could the pair now build on these gains and go even higher?
July 15,2016
Whilst the BOE's recent meeting minutes showed there was cause for concern for the economy post-Brexit, recent data showing a slump of 45% in London residential sales confirmed Brexit is 'biting'
July 15,2016
The Bank of England (BOE) decided to keep interest rates unchanged at their rate meeting on Thursday, snubbing the opinions of most analysts, who had expected a quarter percent cut, and sterling rose
July 15,2016
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