Tag Archives: GBP

GBP Mid-day Analysis

The Pound has been largely left out of the significant overnight volatility being seen in the Euro,

EURUSD: It is possible that a correction low was put in place yesterday

While the Pound saw some temporary support from marginally hawkish BOE developments,

While BOE dialogue was mostly unchanged from recent expectations there are ideas

Reports of a decline in monthly UK grocery sales for the first time in 20 years

CPI increased by 0.1% m/m in October, and the year on year figure rose to 1.3%, slightly higher than expected.

Fear of increased tensions off promises of aggressive action against domestic terrorism,

In the week ahead, investors will be focusing on Wednesday’s minutes of the Federal Reserve’s October meeting and

Bullish USD sentiment stabilized at $45bn this week; with mini‐mal week‐over‐week changes.

A distinct downside extension in the Pound is at least partially the result of disappointing UK construction readings.

The Pound remains squarely on the defensive in spite of today’s Dollar weakness and

The Pound has seen some volatile trading action during the overnight session as it has given back sizable gains to fall into negative territory.