British pound news

After reaching the X-Sequentials X5 down move targetzone at 1.4962-1.4661 with 1.47776 a up move ´till 1.55 was forecasted. The Gbp/Usd peaked at 1.51960 on 3/8/2010 and plunged back to 1.48690 on 3/10/2010. Afterwards a reversal ´till 1.52174 took place. Fridays close (3/12/2010) : 1.5195

See the previous EUR/GBP analysis

See the previous GBP/USD analysis

GBP/USD - 1.4978.. Breaking news fm Bloomberg of a fire just broke out in London\'s financial district. Traders have not reacted negatively to this news so far as the fire appeared to come fm only one building. Cable has met fairly good buying interest at 1.4950-30 area n a mixture of offers n stops ...

GBP/USD's consolidation from 1.4783 continued last week with another rise to above 1.5194 resistance. Initial bias remains mildly on the upside this week and further recovery could still be seen. But after all upside is still expected to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Break of 1.4880 support will argue that whole decline from 1.6456 is resu…

EUR/GBP edged higher to 0.9132 last week but failed below 0.9137 retreat and retreated sharply. The development suggests that consolidation from 0.9137 is still in progress and fall from 0.9132 should extend further to retest 0.8980. Nevertheless, we'd expect downside to be contained by 38.2% retracement of 0.8662 to 0.9137 at 0.8956 to conclude the consolidation and bring rally resumption. Above …

GBP/JPY's recovery from 132.13 resumed last week and rose to as high as 138.04. Further rise could still be seen initially this week. But after all, we'd expect upside to be limited by 139.21 cluster resistance (38.2% retracement of 150.68 to 132.13 at 139.21, 61.8% retracement of 143.59 to 132.13 at 139.21) and bring fall resumption. Break of 133.89 minor support will will argue that whole declin…

US Dollar at Risk for Further Declines versus Euro on FX Positioning Euro Will Struggle to Develop a Trend with Greece Back in the Headlines Japanese Yen: Speculation for Intervention to Intensify Ahead of BoJ British Pound May Rise as Bank of England Releases Meeting Minutes Swiss Franc Vulnerable As SNB Threat Grows Canadian Dollar on Pace for Parity Against the US Dollar Australian Dollar May b…

Daily Video Technical Update: EUR/JPY, GBP/JPY, USD/JPY, AUD/JPY, CAD/JPY FX Times/CMS Forex http://www.fxtimes.com http://www.cmsfx.com Analyst: Fan Yang, CTA

FXstreet.com (London) - EUR/GBP has slipped down about 35 pips this session, with the growing... For more information, read our latest forex news.

GBP/USD closed higher due to short covering on Thursday. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.

FXstreet.com (Barcelona) -Pound's rally from 1.5025 session low has extended about 150 pips jump on... For more information, read our latest forex news.

The JPY, GBP and the CHF have all seen sharp movements this morning, while EUR/USD has attacked key technical resistance (now support) in the 1.3735/40 area. EUR/JPY has surged to an intraday high of 124.55 , though vs the USD the JPY has failed to hold its softer overnight levels. The weaker yen in Asia followed an intensification of speculation regarding the likelihood of more BoJ policy action …

Update on supports and resistances.

FXstreet.com (London) - FTSE 100 trades flat after a morning dominated by the bulls pushing the UK... For more information, read our latest forex news.

The Acadametrics Ltd. said that the United Kingdom house prices in February climbed at the quickest rate since September 2002, average cost of a house in Wales and England rose 1.9% from January to 222,008 pounds. The values of the homes are 4% lower their highest prices which were in February 2008....

The Euro extended the advance from the previous day and rallied to a fresh weekly high of 1.3795 during the overnight trade as the economic docket reinforce an improved outlook for the region. Meanwhile, EU President Jean-Claude Juncker acknowledged that the Euro-Zone needs new instruments to avert future crises, but argued that creating a European Monetary Fund would not solve the debt issues wit…

FXstreet.com (Barcelona) - Pound's recovery from Wednesday's low at 1.4870 has extended with a... For more information, read our latest forex news.

The number of mortgages agreed with house buyers fell 49% in January from the month before, mortgage lenders say.

FXstreet.com (Barcelona) - Pound's decline from 1.5195 high on Monday has found support at 1.4870... For more information, read our latest forex news.

Pound/Dollar rose on Thursday although Interbank sentiment remained bearish at around -2%. The Cable increased from 1.4947 to 1.5085, closing the day at 1.5060. Today the Cable recovered to above 1.51, confirming the the short term bullish outlook. There are no major economic events today for UK, only the BoE MPC board member Dale speech at 11:00 GMT. Break bellow yesterday's bottom and nearest su…

EUR/USD Buy at 1.3672 SL 1.3640 TP 1.3749 USD/JPY Sell at 90.67 87 90.99 TP 89.95 GBP/USD Buy at 1.5028 SL 1.4996 82 1.5116 USD/CHF Sell at 1.0695 SL 1.0727 TP 1.0611

FXstreet.com (Barcelona) - Pound's recovery from Mar 10 low at 1.4870 has extended higher on Asian... For more information, read our latest forex news.

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Technical analysis for major currencies with major support and resistance levels and recommendations for 12-03-2010

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Gbp/usd - 1.5068 ... The British pound rebounded after finding support at 1.5038/40 in tandem with euro, however, offers at 1.5100 on concerns over politics, economy n UK Telegraph piece are likely to limit cable\'s gain. On the downside, some bids are located at 1.5040 with stops building up below 1...

FXstreet.com (Sydney) – The GBP is reversing recent losses against the yen and is trading at... For more information, read our latest forex news.

Technical Cross Report - Euro vs. Great British Pound (2010-03-12)

Technical Cross Report - Great British Pound vs. Japanese Yen (2010-03-12)

GBP closed higher on Thursday on the back of its hammer formation and now looks to build on that strength with eyes on its Mar 08'10 high at 1.5195. A decisive close above there will resume its corrective recovery initiated from its 2010 low at 1.4782 towards its Feb 19'10 low at 1.5343 where we expect the bears to come in and push the pair back down again in line with its broader weakness.

GBPUSD Forecast: The GBPUSD had a bullish momentum yesterday, topped at 1.5065 and closed at 1.5058 after found support on major trendline support on Wednesday. This fact should keep the bullish correction scenario testing 1.5200/50 intact, but the main trend should remains bearish as long as price still move inside the major bearish channel. Immediate support [...]

FXstreet.com (Barcelona) – GBP has been recovering ground since hitting the lowest level ever... For more information, read our latest forex news.

D20P BUY A GBP/USD 1.5045 take profit 1.5065 stoploss 1.5015

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5074. Already above yesterdays high, pair is... For more information, read our latest forex news.

FXstreet.com (Barcelona) – GBP trimmed losses against AUD, as the pair closed 90 pips up at 1.6448... For more information, read our latest forex news.

FXstreet.com (Sydney) – The pound is losing ground against the dollar and is trading at 1.50662. ... For more information, read our latest forex news.

FXstreet.com (Barcelona) – Despite GBP being harshly punished and having shed more than 10% from ... For more information, read our latest forex news.

The NY session witnessed some early volatility but overall the price action was extremely muted. Risk was sold early on as US jobless claims failed to improve much from the prior week - now 462K from 468K previously. US equities would ultimately close up about +0.4% in broad terms as the S&P 500 matched the 2010 highs by 1150 at the close. The moves in the currency space were nothing to write home…

Daily Video Technical Update: GBP/USD, USD/CHF, AUD/NZD Provided by FX Times/CMS Forex http://www.fxtimes.com http://www.cmsfx.com Analyst: Fan Yang, CTA

FXstreet.com (London) - GBP/USD has traded most of this session above the 1.5 mark, at time... For more information, read our latest forex news.

The Cable has bounced back above its psychological 1.50 level after Consumer Inflation expectations came in at 2.5%, a basis point above analyst expectations. The price gains we’ve seen in the UK over the past month could keep the BoE at bay, even if the central bank has stated that the price pop is just a result of a return of the VAT.

The British pound appreciated vis-Ã -vis the U.S. dollar today as cable tested offers around the US$ 1.5065 level and was supported around the $1.4945 level. A Bank of England quarterly inflation survey was released today in which U.K. inflation expectations climbed to their highest level since November 2008. This increase in expectations has added to speculation that interest rates could rise.

- China Inflation, Production Accelerate, Adding Pressure for Stimulus Exit (Bloomberg) - Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit (Bloomberg) - LONDON, March 11 (Reuters) - Britons' expectations for inflation over the next 12 months rose slightly to 2.5 percent in February from 2.4 percent in November, a quarterly survey from the Bank of England showed on Thursday…

GBP/USD closed lower on Wednesday as it extended this week's decline. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.

FXstreet.com (Barcelona) - Pound's rally from Wednesday's low at 133.90 has been rejected at... For more information, read our latest forex news.

The price seems currently to have some difficulty to break the resistance at 0.91. However, the current trend stay strongly bullish. We maintain to trade only long positions as far as the price is above 0.9050 (last lowest). A return above 0.91 will comfort our bullish feeling. If you are not in po...

Update on supports and resistances.

FXstreet.com (Barcelona) - Pound's rally from 1.4945 session low at European opening has been... For more information, read our latest forex news.

The British Pound halted the three-day slide against the greenback as a Bank of England survey showed a rise in inflation expectations, and the currency may continue to retrace the sell-off from earlier this week as the daily RSI bounces back from oversold territory. However, as the MPC is scheduled to release its March meeting minutes next week, the GBP/USD is likely to maintain the narrow range …

FXstreet.com (Barcelona) - The Pound's rally against the Yen from 135.00 has continued throughout... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Euro is suffering under widespread Pound strength and Euro reversal... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Pound is attempting to regain the upside on European trade, and... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Pound's rebound from 1.4870 low on Wednesday has extended past 1.5000... For more information, read our latest forex news.

We maintain our last commentary : 'The break out of 1.50 gave us a new sell signal and this level seems now to act as resistance. Besides, a bearish slant (black line) is giving resistance to the price. We maintain to trade only short positions as far as this slant is resistance. The break out of 1...

EUR/USD Buy at 1.3621 SL 1.3589 TP 1.3698 USD/JPY Buy at 90.22 SL 89.90 TP 90.94 GBP/USD Buy at 1.4948 SL 1.4916 TP 1.5036 USD/CHF Sell at 1.0726 SL 1.0758 TP 1.0642

Pound/Dollar continued decreasing on Wednesday as Manufacturing production data was worse than expected. The Cable descended to 1.4877, from where it climbed up to 1.4993, closing the day at 1.4976. The fact that the Cable dropped bellow 1.49 confirms the remaining of the bearish pressure. There are no major economic events today for UK besides the Inflation figures coming at 9:30 GMT. Break bello…

FXstreet.com (Barcelona) - Pound's decline from 1.5195 high on Monday found support yesterday at... For more information, read our latest forex news.

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