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The British pound can’t buy a break and has fallen for a fifth straight day. GBP/USD is trading at 1.1586 in Europe, down 0.29%.UK Manufacturing PMI contractsThe UK manufacturing sector has been...
GBPUSD has been underperforming over the past two days, meeting a new 29-month low at 1.1670. When looking at the bigger picture, the pair has been developing within a descending channel since...
Last month's nonfarm payrolls (NFP) data showed the US economy added 530K jobs in June. The number of jobs caught many off-guard as it was more than double what the market expected.July’s NFP...
The day we’ve all been waiting for has finally arrived as Jerome Powell prepares for his keynote speech at Jackson Hole. I have no doubts Powell will have chosen his words very carefully today,...
The Jackson Hole Economic Symposium continues for a second day, and all investors turn their attention to the Federal Reserve Chairman's speech. Investors are hoping that the head of the world’s...
GBP/USD is currently at 1.1780 in a bull flag for the pair. If we can break the flag, we are looking for a continuation to the R4/ATR target at the 1.1961 area with a bigger target the 0.382 Fibo at...
The British pound has reversed directions today and is in negative territory. In the European session, GBP/USD is trading at 1.1778, down 0.44%.Weak US New Home Sales Sends Pound HigherTuesday was an...
US Dollar could weaken on profit taking in light of poor data All eyes and ears on Jackson Hole and Powell speech on Friday Bullish engulfing at prior lows points to at least a short...
The British pound has jumped 0.82% today, as the currency has rebounded somewhat from its worst week of the year. GBP/USD plunged 2.53% last week, as the US dollar found its mojo after weeks of...
While economists in the US and Canada, and later policymakers, are talking about peak inflation, that moment is yet to come for the UK. Annual inflation has reached double-digit territory at 10.1%. At...
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