Fundamental and Technical Outlook: GBP/USD

Fundamental Outlook: GBP/USD

During the Asia-Pacific session, the focus was once again on GBP with reports stating that UK Prime Minister May has accepted that parliament should be allowed to vote on her Brexit proposals. This has helped alleviate some of the concerns surrounding the impending Brexit where Article 50 and the official exit negotiations are due to start in March 2017.…

Fundamental and Technical Outlook: GBP/USD

Fundamental Outlook: GBP/USD

During today’s London session BoE’s Shafik reiterated the possibility of further stimulus measures which initially resulting in GBP weakness however this has since been pared.

Risk sentiment has once again improved following reports of Deutsche Bank selling Abbey Life for $1.2 bln, easing concerns over Deutsche Bank’s lawsuit in the US.…

Fundamental and Technical Outlook: GBP/USD
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Fundamental Outlook: GBP/USD

There was no tier 1 data or news of note during the Asia-Pacific session. There has however been a notable improvement in risk sentiment with equities and commodities overall in positive territory, consequently AUD, NZD, and CAD have all remained well supported.…

Fundamental and Technical Outlook: GBP/USD

Fundamental Outlook: GBP/USD

During the Asia-Pacific session Chinese Industrial Production and Retail Sales data beat estimates at 6.3% and 10.6% versus expectations of 6.1% and 10.1% respectively. Overall price action remained choppy with no clear direction in most pairs along with a mixed picture in equities following the change in risk sentiment in yesterday’s New York session.…