Tag: GBPUSD

GBPUSD rises as UK reopens and dollar falls. GBPUSD under the bullish pressure today under the effect of the sterling optimism and the dollar outflows as Treasury yields traded near recent lows and traders awaited important U.S. inflation and retail sales data in next few days. A fall in U.S. yields last week led to […]

Sterling rises on hopes for UK economy. Sterling continues to rise today – under the effect of the widespread sterling optimism after British Prime Minister Boris Johnson said today that everyone in England will be able to take a COVID-19 test twice a week. This is seen as the sterling positive news as the move […]

Sterling rises on vaccine relief. GBPUSD under the bullish pressure today after decline in concerns about Britain’s COVID-19 vaccine supply from the European Union helped sterling reverse some of the currency’s earlier losses. The EU last week stopped short of imposing a ban on vaccine exports, a proposal that had caused concern in Britain – […]

Sterling falling on surprise UK inflation decline. GBPUSD under the bearish pressure today reflecting the widespread bearish sterling sentiment after data showed a surprise decline in inflation in Britain in February. British consumer price inflation fell to 0.4% in February from 0.7% in January, in the biggest annual drop in clothing prices since 2009. In […]

GBPUSD falls on vaccine shortage and UK-EU tensions. GBPUSD under the bearish pressure today under the effect of the growing sterling bearishness as the market’s focus has now shifted toward the possible downside risks relating to the UK’s COVID-19 vaccine rollout and tensions with the European Union. The European Union previously threatened to ban exports […]