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Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

Pound fluctuates on Supreme Court ruling; Loonie jumps on pipeline deal

The pound see-sawed in today’s European session as the British currency saw volatility both before and after the Supreme Court’s ruling on the triggering of Article 50. The US dollar recovered from earlier lows, while the Canadian dollar surged after ...

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GBP/USD takes a breath after Tuesday’s rally

GBP/USD takes a breath after Tuesday’s rally

"While the near-term landscape argues for some volatility, we think the chances for GBPUSD to squeeze meaningfully higher are limited." – TD Securities (based on PoundSterlingLive) GBP/USD Outlook On Tuesday the GBP/USD pair experienced the strongest rally in almost 20 ...

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British Pound surges above $1.23 on May Brexit speech

British Pound surges above $1.23 on May Brexit speech

British Prime Minister Theresa May delivered her much-awaited speech on Brexit today. PM May didn’t give much details on the specifics of the Brexit process but she outlined the broader framework for Britain’s departure from the EU. May stated that ...

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GBP/USD surges ahead of UK May’s speech

GBP/USD surges ahead of UK May’s speech

"Every time there's 'hard Brexit' headlines, that triggers a fresh bout of selling sterling." – MUFG (based on Business Recorder) GBP/USD Outlook As was anticipated, the British Pound partially recovered from the bearish gap yesterday, but with the 1.21 level ...

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Sterling drops on reports May will opt for ‘hard’ Brexit

Sterling drops on reports May will opt for ‘hard’ Brexit

The pound fell sharply during Monday’s Asian trading as the market waited nervously for a key speech by British Prime Minister Theresa May on Brexit later this week.  According to press reports, the UK would aim to abandon the EU’s ...

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British Pound is Down but Not Out – Watch Key Labor Figures

British Pound is Down but Not Out – Watch Key Labor Figures

By Ilya Spivak, Currency Strategist Fundamental Forecast for British Pound: Neutral - British Pound forecast takes a hit on big volume as Bank of England disappoints - Retail FX sentiment points to continued GBP slide A key disappointment from a ...

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BoE may start lifting interest rates around turn of year

BoE may start lifting interest rates around turn of year

"In my view, the decision as to when to start such a process of adjustment will likely come into sharper relief around the turn of this year" - Mark Carney, BoE Governor Bank of England Governor Mark Carney hinted that ...

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Euro & Gold Drop to Major Lows, Dollar & Pound Continue to Climb

Euro & Gold Drop to Major Lows, Dollar & Pound Continue to Climb

By David Rodriguez, Quantitative Strategist, John Kicklighter, Chief Currency Strategist, Michael Boutros, Currency Strategist and David Song, Currency Analyst Fundamental themes are clearing, but that doesn’t seem to alter the prevailing winds that are charging the Dollar higher and the ...

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British Pound Looks Like a Buy, but at What Price and When?

British Pound Looks Like a Buy, but at What Price and When?

By David Rodriguez, Quantitative Strategist Fundamental Forecast for British Pound: Bullish - British Pound may be at risk versus the US Dollar as it stops and reverses at key technical resistance - Longer-term technical patterns nonetheless suggest the GBP may ...

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