• David Becker

    Cable is trading lower in the wake of the GDP and government borrowing figures. The only surprise was the jump in borrowing April. After the EURGBP broke out on Wednesday, it has retraced its gains in Thursday. Next up for traders is the US jobless claims and existing homes sales, which if weaker than expected

  • H.S. Borji

    The British pound advanced further against its US counterpart Wednesday amid signs Bank of England officials are moving closer to voting for a rate hike, while retail sales advanced at the fastest pace in ten years. The Monetary Policy Committee voted unanimously to keep the interest rate at 0.5 percent and the size of its

  • Forex » GBP/USD looks for a breakout
    May 20, 2014, 17:13 GMT

    The GBPUSD edged higher Tuesday, as a marked improvement in UK consumer inflation heightened expectations for a rate hike courtesy of the Bank of England. Consumer prices in the UK rose 0.4 percent in April, double the previous month’s rate, the Office for National Statistics reported today. Year-on-year, consumer prices rose 1.8 percent, up from

  • The British pound is poised to gain considerable traction Wednesday with the release of UK employment and earnings data. The pound’s most recent run stopped short of 1.70 US. Since then, the GBPUSD pair has backtracked somewhat as the markets continue to trade cautiously ahead of important events. Tomorrow’s data could show UK jobless claims

  • Key Eurozone data this week may dictate the European Central Bank’s next move, as policymakers continue to deliberate about the best approach to tackling deflation. The ECB announced last week it would maintain its wait-and-see approach to monetary policy, stressing the importance of economic data in the central bank’s deliberations. The central bank decided last

  • Sergiy Zlyvko

    On Thursday, the Bank of England and the ECB left its monetary policy unchanged. Monetary Policy Committee of the Bank of England kept interest rates at 0.5% and the volume of purchases of assets in the amount of 375 billion pounds. The Governing Council of the ECB kept its benchmark interest rate unchanged at 0.25%.

  • The British pound held on to its five-year high against the US dollar after positive services data raised speculation the Bank of England could raise interest rates early next year. The UK service economy expanded sharply in April, with employment rising in line with the positive growth outlook, Markit Group reported Tuesday. Since that release,

  • Sergiy Zlyvko

    On Tuesday, after an unpleasant surprise from Germany, the dollar index rebounded to 79.85. Indicators of consumer inflation expectations were lower than expectations and caused sharp fluctuations in pairs with the euro. EURUSD broke the support at 1.3845 and quite easily slid into the area of 1.3800. By the close of trading in Europe, EURUSD

  • Sergiy Zlyvko

    On Wednesday, dollar index, EURUSD and USDCHF were trading in the main scenario. GBPUSD fell after minutes of the Bank of England and weak industrial production data and could not recover before the closing of the day. Euro exchange rate from the maximum, returned back from 1.3855 mark to 1.3810 and for eleven hours it

  • Sergiy Zlyvko

    The dollar index, despite falling to 79.80 mark in trading in New York was able to fully play regain daily losses. EURUSD from an intraday high of 1.3825 declined to the level of 1.3790 session low. GBPUSD rate at the maximum reached 1.6840 and moved to lateral movement. The single currency has responded decline on

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