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GBPUSD Analysis – short term trend of this pair is bullish
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👤Allan Perry
🕔August 2, 2016
GBP/USD gathered renewed momentum and extended to fresh 2-week highs above 1.3300 during the American afternoon, as the dollar trades lower across the board. However, investors might be reluctant to push Cable higher ahead of the Bank of England policy decision on Thursday, with consensus looking for a 25 bps rate cut, while some analysts expect the bank to expand their bond purchases by £50 billion to £425 billion.…
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👤Lisa Harris
🕔July 30, 2016
The GBP has established a strong range against major pairs like the Euro and the USD over the period of the second week of July to the end of July, and there is a very simple reason for this. There is a lot of anticipation for the Bank of England’s big decision, and it is very easy to deduce that placing a major bet on either side in anticipation of this decision would not be wise.…
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GBPUSD Analysis – the pair is fundamentally bearish
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👤Allan Perry
🕔July 19, 2016
The GBP/USD pair fell down to 1.3074, retracing all of its Monday gains, although better-than-expected UK inflation readings from June, helped the pair to bounce modestly. The GBP/USD pair spiked up to 1.3220 with the news, but is having a hard time to hold above the 1.3200 mark, as the dollar is generally stronger across the board.…
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GBPUSD Remains Bearish – Post BREXIT
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👤Allan Perry
🕔July 13, 2016
GBP/USD
GBP/USD is currently trading at 1.3145, and is now only 145 points away from the psychologically important 1.3000 level. GBP/USD has retraced some of its recent gains, pulling back from a 9 day high, as investors await Bank of England decision and Cameron officially resigns as UK PM and Theresa May takes over.…
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