GBP Falls As Inflation Slows, USD Resumes Rise Ahead Of FOMC
The royal pound fell to a six-week low against the dollar on Tuesday after data showed U.K. inflation slowed more than economists forecast in April, before of the Bank of England releases minutes of its May meeting on Wednesday.
U.K. Inflation Slows To 2.4%, GBP Drops Vs. USD
U.K. inflation retreated to 2.4% in April., the lowest level in seven months, coming back near the bank's target, while pound drops versus dollar on expected further calls for stimulus expansion.
GBP/USD: Pound Trading Tad Lower This Morning, UK CPI Data A
For the 24 hours to 23:00 GMT, GBP rose 0.58% against the USD and closed at 1.5263.Yesterday, the President of the Chicago Federal Reserve Bank, Charles Evans, stated that the central bank’s policy stance is appropriate and that the US econom
Intraday Statement: GBP Dived on Tame Inflation Readings
Sterling dropped sharply today on the back of weaker than expected inflation data. Headline CPI moderated from 2.8% yoy to 2.4% yoy in April, comparing to consensus of 2.6% yoy. That's also the lowest number since last September. Core CPI also mo
Ichimoku Signal Wrap-up: GBP/USD - Sell at 1.5245
Despite intra-day resumption of decline to 1.5113 (exactly as indicated level of 50% projection of 1.5593-1.5173 measuring from 1.5323), current strong rebound suggests a minor low is formed there and consolidation with mild upside bias is seen f
GBP/USD is Back in the Spotlight
Indices in the US and Europe are still hovering around their all time highs, including the FTSE 100 in London, which reached its highest lever since September 2000. The appetite for riskier assets seems to be very much in motion, with investors k
EUR/GBP Rallies Sharply on Lower UK Inflation Data
Lower UK inflation: The April inflation data for the UK came in at an annual rate of 2.4%, which was lower than forecast of 2.6% and was much lower than March’s 2.4%. The GBP weakened across the board and the EUR/GBP rallied sharply. The 1H EUR/G
GBP/USD Trading Lower in a Falling Wedge
Resistance: The GBP/USD rallied to about 1.5275 during the 5/20 session. There was a local resistance pivot and was coincident with a projected falling trendline. The USD gained overnight during the 5/21 Asian/European session. The pound lead the
Analyzing chart patterns: flags
It is a trend continuation pattern that can be on various time frames and may last from a few days to a few months. It is rectangular in shape and can be formed in various angles. A flag indicates that a security is in consolidation pattern and m
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Exp. -4.4%. FY Ebitda GBP 13.3bln vs. Exp. GBP. 13.2bln. FY adj EPS GBP 0.1565 vs. Exp. GBP 0.1550. Co says it will retain GBP 2.1bln Verizon Wireless dividend for general business purposes. Meanwhile, co. CEO says there is nothing new to add regarding ...
The Geppy To Inch Higher?
Hello everyone!!! My today’s pick in the forex market is the GBP/JPY...
Elliott Wave Forecast: EUR/GBP - Hold short entered at 0.846
Although the single currency rebounded after falling to 0.8420 last week, if our view that top has been formed at 0.8516 last week is correct, upside should be limited to 0.8480 and bring another decline, break of said support would add credence


