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Pound sharply lower despite BoE interventionThe roller-coaster continues for the British pound, which is down sharply today. In the European session, GBP/USD is trading at 1.0774, down 1.05%. It has...
As British Chancellor of the Exchequer, Kwasi Kwarteng, was busy outlining what he had dubbed “a beginning of a new era” to his esteemed colleagues in the house of commons on Sept. 23, it...
The pound started the day with losses but has reversed directions and soared in the North American session. GBP/USD is trading at 1.0838, up 0.98%.Bank of England Steps Into Calm Markets The new Truss...
In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new...
Britain's Investors are becoming fearful of the pound sterling's demise after it fell to its lowest rate against the US Dollar. The slide comes notwithstanding the Bank of England’s regular base...
The British pound fell to an all-time low against the U.S. dollar on Monday following the government's announcement of planned tax cuts and investment stimulus to spur growth.In what proved to be an...
EUR/USD we wrote: collapsed after the sell signal initially targeting 9810/9790 and 9720/00. Holding below here targets 9620/00.Target hit but we continued lower to 9565. GBP/USD crashed another 500...
No fundamental justification for a market bottom yet Dow has broken its corresponding summer lows, S&P likely to follow suit Lower lows and highs mean short always preferred over long...
Bank of England fails to reassure investors with emergency rate hike Bond yields soar amid talk of a historic bear market Bank of Japan defies trend but yen’s fall requires intervention The UK...
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