BOE does not target the GBP: Saunders. The GBPUSD is above key swing area.

BOE Saunders BOE does not target GBP  financial conditions are relative stable in UK since the beginning of the year Can argue for a slightly lower for bank rates The GBPUSD is trading back above its 100 hour MA at 1.35579 (currently at 1.3569) after climbing back above the MA for the first time since […]

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GBP/USD Hits Nearly 3-Year High, but Analyst Warns Brexit Impact Yet to Arrive

© Reuters Yasin Ebrahim Investing.com – The pound surged to nearly three-year highs against the dollar Thursday, and is likely to continue its upward trajectory over the short-term, but could be in for rude awakening once the impact of Brexit begins to make its mark. rose 0.81% to $ 1.3965 reaching its highest level March 2018. […]

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GBP/USD Jumps to More Than 2-Year High Ahead of Data Deluge Next Week

© Reuters. By Yasin Ebrahim Investing.com – The pound surged to more than two-year highs on Friday, and remained on track for its fifth-weekly win on growing expectations for a strong vaccine-led rebound in the economy ahead of an important week of data that will include clues on monetary policy. rose 0.26%, to $ 1.3850, […]

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GBPUSD falls below its 200 hour moving average and swing level

Corrective run higher, runs out of steam and tumbles back down The GBPUSD has fallen back below it’s 200 hour MA at 1.3311. The pair also fell below a swing area between 1.3309 and 1.33116. The pair moved down to test Tuesday’s low at 1.32912.   The run back to the downside erased the early New York session gains which is […]

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