British pound news

FXstreet.com (Buenos Aires) – GBP/USD has underperformed compared to other currencies against... For more information, read our latest forex news.

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FXstreet.com (Barcelona) - The Pound has jumped more than 50 pips higher favoured by a shorter than... For more information, read our latest forex news.

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New data shows new construction orders contracted in the second quarter, while the services sector slowed sharply in August.

FXstreet.com (Barcelona) - Pound's recovery from Yesterday's low at 1.5350, has been halted at... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The services sector, a massive source of business in the United Kingdom... For more information, read our latest forex news.

UK PMI services fell in August to 51.3 from July\'s reading of 53.1 which is also lower than forecasts of 52.9.

FXstreet.com (Barcelona) - The Euro Pound rally from Monday's low at 0.8160 extended to 0.8350 high... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Pound is the only currency showing a trend, although a tepid one, on... For more information, read our latest forex news.

On Thursday Pound/Dollar weakened again, and continued trading within narrow range, in converse with the positive Interbank sentiment at around +8%. The Cable depreciated from 1.5453 to 1.5349 yesterday, closing the day at 1.5398. Today the British currency is trading neutrally and without clear direction so far. On the 1 hour chart the downward channel is trying to resume, while on the 3 hour cha…

EUR/USD Buy at 1.2809 SL 1.2777 TP 1.2886 USD/JPY Sell at 84.41 87 84.73 TP 83.69 GBP/USD Buy at 1.5395 SL 1.5363 TP 1.5483 USD/CHF Sell at 1.0155 SL 1.0187 TP 1.0071

FXstreet.com (Barcelona) - The GBP/JPY has been trading slightly higher in a tight range around... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Pound's rejection from 1.5490 high on Wednesday, was contained at 1.5350... For more information, read our latest forex news.

GBP/USD closed lower on Thursday and the mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term.

Technical analysis for major currencies with major support and resistance levels and recommendations for 03-09-2010

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Gbp/usd - 1.5415 ... Despite y\'day\'s selloff to 1.5350, the British pound rebounded to 1.5428 on short-covering n in part due to cross unwinding in sterling. Bids by European names are now located 1.5390/95 n 1.5350/60 with stops building up below 1.5320/25 whilst offers are tipped at 1.5450-80. U.K...

GBPUSD Forecast: The GBPUSD attempted to push lower yesterday, bottomed at 1.5349 but closed higher at 1.5398 and keep moving higher around 1.5420 at the time I wrote this comment. On h1 chart below we can see price is moving inside a triangle indicating consolidation. Break above the triangle could trigger further bullish correction testing [...]

The euro continued to incline versus its major counterpart the dollar during the Asian session, breaking the critical levels that forced on the pair to decline with beginning of the week, where the euro supported by retail sales data that will raise during the European area. The British pound failed...

GBPUSD stays below a falling trend line on 4-hour chart and remains in downtrend from 1.5997. As long as the trend line resistance (Now at 1.5525) holds, another fall to 1.5200 is still possible. On the upside, the pair may be forming a cycle bottom at 1.5326, key resistance is at 1.5597, a break above this level will confirm the cycle bottom and indicate that the fall from 1.5997 has completed at…

FXstreet.com (Barcelona) - The British Pound edged up against the Greenback overnight, moving... For more information, read our latest forex news.

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5392. Hit again but negative data, Pound has... For more information, read our latest forex news.

FXstreet.com (Córdoba) – The Euro is rising for the third consecutive day against the Pound and is... For more information, read our latest forex news.

FXstreet.com (Buenos Aires) – Pound was hit today but another round of negative data in the UK,... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Pound is underperforming in spite of generalized Dollar weakness as... For more information, read our latest forex news.

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FXstreet.com (Barcelona) - The EUR/GBP is up near 3-week highs, after breaking nearly 60 pips... For more information, read our latest forex news.

FXstreet.com (Barcelona) - Pound's recovery from Tuesday's low at 1.5325 peaked on Wednesday at... For more information, read our latest forex news.

The markets showed just how divergent they can be on Wednesday. Wall Street finished the day with large gains, supposedly based on the positive numbers coming from the ISM Manufacturing PMI. The USD traded weaker against the EUR before this data had come out however, and the greenback managed to still gain against the GBP. [...]

A poor Manufacturing PMI report from the U.K. on Wednesday was enough to help drive the Sterling slightly lower against the USD. Mixed economic data has been the norm from the U.K. for a while now, but yesterday’s statistics came when investors had been starting to express doubts about the ability of the government to [...]

FXstreet.com (Barcelona) - Pound's recovery from 128.70 low on Tuesday peaked yesterday at 131.00... For more information, read our latest forex news.

FXstreet.com (Barcelona) - The Purchasing Managers' Index of the construction sector in the United... For more information, read our latest forex news.

UK PMI construction slipped in August to 52.1 compared with the prior 54.1 and estimates of 53.2.

FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news.

On Wednesday Pound/Dollar recovered partly from losses earlier in the week, in line with the positive Interbank sentiment at nearly +17%. The Cable appreciated from 1.5338 to 1.5482 yesterday, closing the day at 1.5454. Today the British currency started weakening again. On the 1 hour chart the downward channel is trying to resume, while on the 3 hour chart the new downward channel has slowed down…

FXstreet.com (Barcelona) - The Pound has lost bullish momentum seen yesterday as risk appetite... For more information, read our latest forex news.

FXstreet.com (Barcelona) - In what is now the second month in a row, housing prices, assessed by... For more information, read our latest forex news.

GBP/USD closed higher due to short covering on Wednesday and the high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term.

Technical analysis for major currencies with major support and resistance levels and recommendations for 02-09-2010

FXstreet.com (Barcelona) - Pound's recovery from 1.5325 low on Tuesday extended yesterday on... For more information, read our latest forex news.

EUR/USD Buy at 1.2782 SL 1.2750 TP 1.2859 USD/JPY Sell at 84.26 87 84.58 TP 83.54 GBP/USD Sell at 1.5450 SL 1.5482 TP 1.5362 USD/CHF Sell at 1.0184 SL 1.0216 TP 1.0100

UK\'s nationwide house price index showing worse than expected data, where the index dropped on the monthly (August) reading by 0.9 percent, compared with the previous drop of 0.5 percent. Analysts were expecting a -0.3 percent. On a yearly basis, the index rose by 3.9 percent, compared with the prev...

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Gbp/usd - 1.5418 ... Similar to euro, although the British pound rose fm 1.5337 to 1.5492 y\'day on renewed risk appetites, cable retreated in Asia on profit-taking. Offers are tipped at 1.5440/50 n investors are focusing on the release of U.K. housing data at 06:00GMT. U.K. Nationwide house price is...

GBPUSD Forecast: The GBPUSD was corrected higher yesterday on broad Dollar weakness, topped at 1.5489 and closed at 1.5451. The major bearish scenario remains intact but I think we could have another potential upside correction testing the trend line resistance (red) and 1.5525 – 1.5575 area especially if price break above 1.5489. Immediate support at [...]

Technical Cross Report - Great British Pound vs. Japanese Yen (2010-09-02)

GBPUSD may be forming a cycle bottom at 1.5326 level on 4-hour chart. Key resistance is at 1.5597, a break above this level will confirm the cycle bottom and indicate that the fall from 1.5997 has completed at 1.5326 already, then the following uptrend could bring price back 1.5700-1.5800 area. However, as long as the pair stays below the downtrend line on 4-hour chart, one more fall to 1.5200 is …

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5447. Pound remained limited past Wednesday,... For more information, read our latest forex news.

The greenback fell against euro and the British pound as solid economic data eased worries over the global economic growth, boosting investors' risk appetites.The greenback rose initially against the Japanese yen and climbed to 84.58 on short-covering due to cross-unwinding in yen after the release ...

FXstreet.com (Córdoba) – The Euro jumped against the Pound during European hours and hit at 0.8326,... For more information, read our latest forex news.

The UK should have addressed its public deficit back in 2005, former Prime Minister Tony Blair has told the BBC.

FXstreet.com (Buenos Aires) – Despite intraday risk appetite momentum, GBP has remained limited... For more information, read our latest forex news.

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FXstreet.com (Barcelona) - Pound's recovery from 1.5325/30 support zone, has accelerated on Dollar... For more information, read our latest forex news.