Tag Archives: GBP

GBP Mid-day Analysis

A quasi double top in the Pound last week around 1.5735 looks to

In the week ahead, investors will be awaiting the outcome of Wednesday’s Federal Reserve policy meeting for

The Pound continues to extend a month long consolidation pattern but

A big range up rally overnight failed to hold in the Pound but

The UK Trade deficit hit a 7 month low this morning but

Even with the Dollar a little off balance, the Pound hasn’t been able to capitalize.

IMM data released on Friday revealed that investors for the second consecutive week reduced their short EUR positions.

In the week ahead investors will be awaiting Thursday data on U.S. retail sales and

Sentiment is USD bullish. Traders maintained their large $49bn net position,

Consolidation support continues to build just above the 1.56 level in the December Pound.

The Pound should be able to withstand the ongoing Dollar onslaught but

The Pound has managed to bounce in the wake of marginally positive November services PMI readings overnight.