June 16, 2020 7:00 am
GBP/USD extended gains from the previous trading day and maintained ground near intraday highs in early European trade on Tuesday on weaker US Dollar. Risk sentiment received a boost, pressuring traditional haven currencies such as the greenback, after the Federal Reserve said on Monday it would begin buying a diversified range of investment grade US […]
Read moreJune 15, 2020 11:49 am
AUD/USD plunged to a fresh two-week low during the early phase of European trade and remained under pressure within the area around 0.6800 later on Monday, as risk-sensitive currencies such as the Aussie retreated on concerns about a second wave of coronavirus infections, with new cases emerging in Beijing and daily cases rising to a […]
Read moreJune 15, 2020 6:50 am
EUR/GBP extended recent string of gains and touched fresh two-week highs during early European trade on Monday, as Sterling came under pressure after a report that the United Kingdom would not extend the deadline for trade negotiations beyond December. The option of extending the transition period beyond the end of 2020 was formally rejected by […]
Read moreJune 12, 2020 12:01 pm
Having touched a one-week low during early Asian trade on Friday, GBP/USD managed to recoup a portion of those losses during the European session, despite bleak macro data released from the UK earlier in the day. Still, the major pair looked set to snap a three-week streak of gains, being down 0.35% so far this […]
Read moreJune 12, 2020 7:10 am
Having touched highs unseen since May 29th on Thursday, EUR/GBP pared gains overnight, but the minor pair was on track to re-test those highs in early European trade on Friday, after a report by UK’s Office for National Statistics (ONS) showed industrial production had contracted at a record monthly rate in April. Overall economic activity […]
Read moreJune 11, 2020 11:46 am
Following a ten-day winning streak that pushed GBP/USD to fresh three-month highs, the pair gave back a portion of those gains on Thursday and fell below the 1.2700 mark, as the US Dollar regained its safe haven appeal following somber economic projections from the Federal Reserve. In the mean time, risks such as uncertainty surrounding […]
Read moreJune 11, 2020 6:52 am
EUR/GBP extended gains from the previous two trading days on Thursday, touching a fresh one-week high, as market optimism over UK’s recovery took a hit after an ominous forecast from the OECD. The Sterling weakened against the common currency after a report by the Organisation for Economic Cooperation and Development (OECD) stated UK’s economy might […]
Read moreJune 10, 2020 11:49 am
GBP/USD continued on its way up for a tenth straight trading day on Wednesday, touching fresh three-month highs, mostly on the back of weaker US Dollar ahead of the outcome of the Federal Reserve’s two-day policy meeting later today. The dollar was under pressure stemming from speculation the bank could announce further steps in response […]
Read moreJune 10, 2020 7:01 am
EUR/GBP kept trading within a tight range around the 0.8900 mark during early European session on Wednesday, as concerns over progress in EU-UK trade negotiations continued to weigh on both the Sterling and the Euro. The European Union’s chief Brexit negotiator, Michel Barnier, is expected to speak later today, while market players will be looking […]
Read moreJune 9, 2020 11:50 am
GBP/USD came off fresh three-month highs and was set to end an eight-day streak of gains on Tuesday, as the US Dollar and other safe haven assets received a boost after China’s education ministry advised students going overseas “to conduct a good risk assessment and be cautious about choosing to go to Australia or return […]
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