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GBPUSD - China deal details help push US markets to new records
A move below the 50-day MA could well open up a move towards the 1.1040 area. GBPUSD – slid below the 50-day MA before finding support at 1.2960 trend line support from the November lows. A move ...
U.K. gambling operators pressured by credit-card ban
Shares of U.K. gambling companies slumped Tuesday after a ban on credit-card use was announced. The slump, which hit companies including 888 Holdings 888, -1.51% , GVC Holdings GVC, +0.11% , William ...
GBP weakness expected - BoE rate cut news and dovish UK GDP data added pressure to the pair
In this environment I would expect further GBP weakness through today and into Saunders speech tomorrow am UK time. Looking at the GBPUSD pair we can see that it has been steadily sold off from the ...
FxWirePro: Sell GBPJPY on rallies
The economy shrank by 0.3 in Nov well below 0.1%, according to Office for National Statistics (ONS). GBPUSD lost more than 40 pips on after releases of data. On the higher side, near term resistance ...
Pound slides as interest rate cut looks increasingly likely
New data showed the UK economy shrank by 0.3% in November. Economists had been forecasting 0% growth. The pound fell 0.6% against the dollar to $1.2979 (GBPUSD=X) and 0.5% against the euro to €1.1671 ...