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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 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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Dollar extends employment report gains while pound drops on ‘hard Brexit’

Dollar extends employment report gains while pound drops on ‘hard Brexit’

The US dollar managed to maintain Friday’s gains or even extend them against certain currencies during Monday’s Asian trading. Particularly against the Japanese yen the dollar climbed to around 117.50, while against the euro it traded at 1.0531. The dollar ...

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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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Which Currencies May be Most Affected by Gold Prices?

Which Currencies May be Most Affected by Gold Prices?

By David Rodriguez, Quantitative Strategist and Shuyang Ren - Gold prices have tumbled, but direct FX impact limited as correlations weaken - The US Dollar and Australian Dollar may prove the most sensitive - See the charts and analysis below ...

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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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Sterling Test Resistance as Fundamental Backdrop Remains Positive

Sterling Test Resistance as Fundamental Backdrop Remains Positive

Cable tested resistance near 1.5910 but was unable to break last week’s highs at 1.5930, and dropped back toward the mid 1.58 level. Last week’s seven-month high at 1.5930. The pound looks to be in process of establishing a broadly ...

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British Pound Forecast to Fall Further

British Pound Forecast to Fall Further

By David Rodriguez, Quantitative Strategist GBP/USD –Heavily one-sided retail FX positioning warns that the British Pound may continue lower versus the US Dollar. The ratio of long to short positions in the GBP/USD stands at 2.22 as 69% of traders ...

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