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Sterling rises on better than expected unemployment rate. Sterling is under bullish pressure on the improved sterling sentiment today after it was reported that UK’s official jobless rate rose to 5.0% in November vs 5.1% expected, while the claimant count change showed a smaller-than-expected increase last month. Sterling sentiment also improved as investors return to […]
Sterling falls on weak retail sales data. The sterling under bearish pressure today as data showed retail sales recovered weakly in December after shops in England emerged from a November lockdown. Retail sales rose only 0.3% in December, much less than economist expectations of a 1.2% increase. The weaker than expected UK retail sales combined […]
Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.35876-1.35660 and it is going to the target zone №2 1.38036-1.37820. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.34880-1.34664. In case of the […]
Sterling surges on rising inflation. GBPUSD rising under the effect of the predominantly bullish sterling sentiment and the continuation of the bearish US dollar sentiment. Sterling sentiment improved markedly when it was reported that UK prices picked up in December. Consumer prices rose 0.6% in December, after a 0.3% increase in the previous month – […]
Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.35876-1.35660 and it is going to the target zone №2 1.38036-1.37820. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.34880-1.34664. In case of the […]
GBPUSD falling on speculation of negative rates. GBPUSD under the bearish pressure today – as the markets have shifted their focus from the Brexit negotiations – which helped some of the prior sterling gains – and are now instead focusing on how UK , as the independent player, is going to handle the raving coronavirus […]
Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.35876-1.35660 and it is going to the target zone №2 1.38036-1.37820. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.34880-1.34664. In case of the […]
Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.35876-1.35660 and it is going to the target zone №2 1.38036-1.37820. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.34084-1.33868. In case of the […]
Sterling falls on pandemic aid package. Sterling continues to decline as the markets are welcoming the fact that Trump has passed pandemic aid package – after long and tedious negotiations in US Congress. Trump signed into law the $2.3 trillion pandemic aid and spending package – restoring unemployment benefits to millions of Americans and preventing […]
Sterling firms on Brexit hopes and partial lift of French blockade. Sterling has been rising today after France lifted a partial border blockade it installed to stop the spread of a fast-spreading new COVID-19 strain previously discovered to be widely circulating in UK. The sterling sentiment was also improved today on hopes from a post-Brexit […]