News by Simon Kazinsky on 09:22 EST March 09, 2017After two weeks of continuous weakness the British currency gives some signs of strength and breaks the upper trendline of the descending wedge that has formed on the chart this month.
News by Allie Longford on 07:49 EST March 08, 2017Probably not as a consequence of what conservative Hammond is saying in the chamber, nothing new yet, but the pound is on its way to testing the 1.20 figure against the US dollar.
News by Allie Longford on 06:05 EST February 17, 2017
News by Newsroom on 04:59 EST January 24, 2017The Supreme Court has dismissed on Tuesday the government's appeal in a landmark case about Brexit, meaning that Parliament will now be required to give its approval before official talks on leaving the EU can begin.
News by Simon Kazinsky on 11:50 EST January 17, 2017After yet another dramatic plunge for the pound at the start of the week where GBPUSD gapped down by more than 200 pips at the open the British currency has made a V shape recovery against the dollar following (or coinciding) the UK's PM announcement that whatever the Brexit deal is it will have to be approved by parliament.
News by Newsroom on 17:10 EST January 15, 2017The pound gapped down more than 200 pips at the open of the trading week.
News by Newsroom on 05:39 EST January 09, 2017The year has turned but the weakness of the British pound continues.
News by Allie Longford on 07:33 EST December 15, 2016
News by Allie Longford on 08:42 EST December 07, 2016
News by Allie Longford on 07:45 EST December 01, 2016
News by Allie Longford on 10:13 EST November 21, 2016The pound trades above 1.25 against the US dollar on Monday, up by almost 200 pips since the beginning of the forex trading week in Asia.
News by Allie Longford on 07:21 EST November 17, 2016
News by Newsroom on 06:15 EST November 01, 2016
News by Allie Longford on 07:30 EST Octuber 27, 2016
News by Allie Longford on 04:50 EST Octuber 27, 2016
News by Newsroom on 06:51 EST Octuber 20, 2016
News by Allie Longford on 04:45 EST Octuber 19, 2016
News by Newsroom on 05:02 EST Octuber 18, 2016
News by Allie Longford on 15:39 EST Octuber 11, 2016... and, of course, the weak man award in the group of main currencies goes to the pound that got dumped all day long and ends trading at 1.21 against the dollar.
News by Allie Longford on 07:33 EST Octuber 10, 2016The week starts calm in the forex market.
News by Newsroom on 00:27 EST Octuber 07, 2016The pound has collapsed in the early hours during the Asian trading session this Friday.
News by Newsroom on 08:43 EST Octuber 05, 2016
News by Newsroom on 02:13 EST September 30, 2016
News by Newsroom on 16:09 EST September 26, 2016
News by Newsroom on 03:39 EST September 19, 2016
News by Newsroom on 06:16 EST September 13, 2016The average cost of goods and services in the UK went up by a mere 0.6% in the year to August.
News by Newsroom on 06:42 EST August 22, 2016Price action for most assets over the past 7 trading days has been against the long term trend.
News by Newsroom on 07:00 EST August 04, 2016The Bank of England dropped its key interest rate by a quarter down to 0.25% on Thursday.
News by Allie Longford on 13:39 EST August 01, 2016Short positions outnumbered bullish bets by 80,572 contracts last week, according to the latest U.S. Commodity Futures Trading Commission data, making this the largest collective bet on the pound to fall against the dollar in decades.
News by Newsroom on 07:20 EST July 14, 2016