Forex Analysis

GBP/USD Analysis

The pair closed in Tuesday’s North American thinned session at $1.5919 after

The pair benefited overnight from a squeezing of long US dollar positions in an illiquid NY holiday market

The pair traded between $1.2412 and $1.2499 during the holiday-thinned US session overnight before it

The pair traded up to Y116.11 during the European session last night but

The Bank of England Monetary Policy Committee’s November 12 Inflation Report will have a sharply lower near-term inflation forecast but

The recent short covering bounce in the Euro clears the road technically for

Fears of more slowing from Russian sanctions and dominating action toward

Talk that the Japanese sales tax might be delayed and extremely bearish Yen/Dollar exchange rate

The Dollar is showing signs of returning to its recent highs in the wake of a positive data flow to start the week,

The Canadian Dollar has started off on a weaker footing again as the flow

While the Pound remains under pressure from the pro-Dollar tide,

Momentum has struggled to gain traction since the crisis but remain one of the oldest and time-tested strategies in FX.