Factors impacting major currencies explained: Part 3, the British pound
Bank of England The Bank of England (BoE) is operationally independent with respect to establishing monetary policy, with the aim of attaining price stability together with supporting the government goals regarding More...
GBP/USD soars with Scotland independence referendum yielding “NO”
The GBP/USD ascended to a two and a half week high on Friday, as the Scotland independence referendum, with a record participation of voters, showed the predominance of opinions for the country staying within the More...
GBP/USD – Pivot Points
Day Week Month R3 1.5825 1.6183 1.6415 R2 1.5764 1.6022 1.6300 R1 1.5736 1.5944 1.6185 S1 1.5603 1.5583 1.5267 S2 1.5583 1.5430 1.4820 S3 1.5430 1.5275 1.4820 Pivot points in the charts above More...
The British pound trading sideways with a bearish bias
The cable is gradually drifting lower amid expectations for an interest rate hike shifting for next year. Yesterday the pound was trading sideways making attempts on a recovery from the losses it had endured recently, More...
The British pound sinks after a drop in UK Manufacturing PMI
The GBP closed below its 50-day Moving Average for a third day in a row, eyes more losses. The British pound continued its decline today after the UK Manufacturing PMI missed analysts’ expectations and dropped More...
