# GBPUSD

#GBPUSD

Pound to Dollar Spot Exchange Rate, Analysis and News



Great British Pound

Cable Rallies to Precipitous Position. Which Way Will It Go in the Week Ahead?

The Cable had a tumultuous week as the U.K. Prime Minister, Theresa May, shocked the market with a snap election to strengthen her mandate for a Brexit. This caught the market off-guard...
FTSE 100 Stocks

FTSE tests 7100p, as Cable eyes 1.30

MPs voted 522 to 13 to approve the UK’s snap general election that will take place on June 8th. According to YouGov/Times poll, the UK conservatives would comfortably lead the election...
British Pound

GBP: To Stay Supported; Still 11% Undervalued

Barclays Capital FX Strategy Research expects the GBP to remain supported going into the snap UK general election, but notes that global sentiment amid geopolitical risks is likely to stay a key...
Brent Oil

WTI Crude gripped by oversupply fears

WTI Crude was exposed to sharp losses on Wednesday, with prices tumbling towards $50 after an unexpected weekly climb in U.S gasoline supplies compounded with existing oversupply fears. Although some losses were...
Great British Pound

Sterling holds gains at six-month highs; aussie underperforms

Sterling held on to gains made after surging to its highest level in more than six months on Tuesday in reaction to an announcement by UK Prime Minister Theresa May who...
British Pound

Investors dump risky assets in favor of treasuries, Pound on the radar

Asian equity markets fell across the board on Wednesday, following a negative lead from the U.S. on earnings disappointment and lower commodity prices despite a weaker U.S. dollar. The geopolitical tensions concerning...
British Pound US Dollar

GBP: More Short Covering On UK Snap Election To Bring 1.3445 In Focus

NAB FX Strategy Research notes that the GBP has stages a significant rally in reaction to UK Prime Minister Theresa May's calling for a snap General Election on June 8th 2017. In...
UK

Snap UK poll lights a fire under the pound

European stock markets had a disappointing day yesterday, sliding across the board with the FTSE100 leading the way. While the rebound in the pound certainly didn’t help the FTSE’s cause, the...
London Stock Exchange

Sterling gets market’s vote, stocks cold-shouldered

Sterling stole center stage in Asia on Wednesday amid speculation Britain's surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European...
British Pound

Sterling looking snappy on Snap election

The kneejerk positive reaction in the British pound to the snap election aligns with our view Sterling has seen its worst. The British pound dropped on news a of a surprise...
Great British Pound

Brexit Briefing: British Pound Soars As Theresa May Announces Early Election

The British Pound reversed its gains then recovered and hit fresh highs Tuesday after Prime Minister Theresa May unexpectedly announced a snap election to be held on June 8. Speaking in Downing...
Donald Trump

Trump U-turns & Dollar weakness fails to support Rand and Lira

The recent escalation of geopolitical risks dominating the financial market headlines has been briefly removed from investors’ radars after US President Donald Trump once again took the markets by surprise. This time,...
British Pound

GBP strength diverges between AUD and JPY

The GBP has moved higher across all but the Japanese Yen surrounding the haven flows of geopolitics. Yet whilst GBPJPY could be on the cusp of breaking key support, GBPAUD could...
Great British Pound

GBP/USD: Sterling bounces back from three-week low, inflation data eyed

Sterling strengthened versus the dollar and the euro on Monday, bouncing back from a three-week low as investors eyed coming inflation data that could revive bets on eventually tighter Bank of...
British Pound

GBP/USD: Make Or Break At 1.2316

JP Morgan FX Technical Strategy notes that GBP/USD is at risk of resuming its broader down-consolidation but for this to be indicated it would take a break below 1.2316 which if seen would...
Great British Pound

GBP fragile pre-CPI, Yellen in focus

The pound (+0.16%) started the week flat-to-positive, in an effort to consolidate Friday’s losses after the unexpected contraction in UK’s manufacturing and industrial data sent the GBPUSD below its 100-day moving...
British Pound

GBP softer on data, NFP in focus

UK’s manufacturing and industrial production unexpectedly contracted for the second month in a row. Soft data revived the Bank of England (BoE) doves and backed the idea that the inflation alone may...
Great British Pound

Cable Buoyant as Speculation Grows of Rate Hikes

The Cable had a relatively historic week with the formal triggering of the Article 50 Brexit provisions causing some volatility for the pair. However, the pair recovered fairly quickly as the market...
British Pound US Dollar

British Pound Steady as Brexit-Inspired Selloff Fizzles

The British Pound corrected gently higher in Asian trade following yesterday’s losses. The currency fell as the UK government invoked Article 50 of the Treaty of Lisbon, formally launching the Brexit...
Theresa May

GBP: Start Of A ‘Grace Period’; Buy Dips

TD Research notes that GBP has seen more two-ways action into today's official kickstarting of the perceived two-year negotiating window on Britain's exit from the EU. However, TD adds that barring some kneejerk moves...
Brexit

Article 50 is fine but the EU wants a bad deal

Dollar expectations skew GBPUSD The British pound fell back sharply against the US dollar in hours before Prime Minister Theresa May triggered Article 50 to officially leave the EU. The trouble with...
British Pound

The post-Brexit pound, Bears vs Bulls

Wednesday marked the official countdown of UK’s divorce from the EU, ending a 44-year relationship with its neighbours. The end of this relationship is of course painful, but many agree that this...
UK

Brexit-day. Focus on UK assets and the pound

The Article 50 is triggered; the UK has officially sent its demand to leave the European Union. PM Theresa May will speak at the Parliament by the mid-day in London and is...
Brexit

Sterling weakens as UK starts Brexit process, dollar jumps on Fed rhetoric

The pound was one of the worst performing major currencies during forex trading in Asia today, as the UK is set to trigger Article 50. The dollar was broadly stronger after...
Great British Pound

Sterling hit by Brexit reality

The Brexit jitters were revived on Tuesday evening with Sterling stumbling into steep losses after British Prime Minister Theresa May signed a letter notifying the EU of Britain’s plan to depart...
British Pound

Dollar stabilizes after drop to 4-month low against yen; pound in focus ahead of...

The dollar stabilized today after sliding to a four-month low against the yen in reaction to news of the setback on healthcare reform. Investors have now shifted their attention to US...
Stock Exchange - FTSE 100 Index

Mixed sentiment pre-US healthcare vote

The FTSE 100 stocks stand strong against the pound appreciation. The FTSE index held the ground above the 7300p level on Thursday’s session and opened mixed on Friday. Improved global risk...
Donald Trump

Fed Speeches and Health Care Prominent

Sterling and FTSE relation reversing before Theresa May triggers the article 50. The Fed speeches and the US health care bill going to bring more volatility for the market. Today will be...
Donald Trump

Trump rally to be tested by healthcare vote

A growing sense of caution has gripped the financial markets this week with investors on standby ahead of Thursday’s key healthcare vote in Congress which may thoroughly test the Trump bump. Uncertainty...
British Pound vs US Dollar

Cable Loses its Upside Momentum Despite Surprising Retail Sales Result

The U.K managed to surprise everyone overnight as the latest round of retail sales proved highly robust, coming in well above estimates at 3.7% y/y. Subsequently, the pair rallied around 60...

LATEST

ECB to Reduce QE- Euro Vulnerable to Dovish Draghi

Mario Draghi
The European Central Bank (ECB) is widely expected to retain the zero-interest rate policy (ZIRP) as it...

EUR: Trading The ECB – Views From Major Banks

Mario Draghi
The following are brief expectations for the ECB April meeting statement as compiled from the related research reports of 7 major...

Dollar holds gains; Canadian dollar, Mexican peso surge on NAFTA relief

Canadian Dollar
The dollar only held its gains against the Japanese yen on Thursday after U.S. President Donald Trump's...

French stocks hit nine-month high as earnings power European shares

DAX
French blue chips hit a fresh 9-year high on Wednesday, helped by a surge in the shares...

Gold lower despite Trump tax plan worries

Gold
Precious metals traded in the red on Thursday with gold edging down, mostly led by decreasing global...
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