gbp update

The British pound down on Thursday ahead of Bank of England monetary policy decision later today. The market participants expect the central bank will announce an increase in its asset purchase program by at least GBP 100 billion. EQUITIES Asian markets slipped on Thursday, Japan’s Nikkei 225...

GBPUSD recovered from the early losses against the US dollar after buyers found short term support near the 1.2160 area. Overall the movement remained bullish throughout the Asian session, at the time writing the pair trading near 1.2270. Meantime, UK Prime Minister Boris Johnson announced that...

As long as the BoE maintain their conviction to raise rates circa 2017, GBP will be fundamentally a long-term bullish currency however this will remain largely irrelevant until the June 23 referendum has passed, as polls drive short-term direction. GBP Analysis Interest Rate Official Bank...

GBP/USD fell over 400 pips during the first half of May, before rallying 300 pips between the 16-18th as swings in Brexit polls continued to drive sentiment in sterling. Upside was capped on the 17th with a miss on CPI readings for April; Core CPI was flat for the month and down to 1.2% y/y...

The BOE still plans to hike rates in late 2016 or early 2017, and this gives the currency strength to GBP fundamentally, however, the BOE cannot hike rates until they see inflation moving higher, towards the 2% target. Until this occurs, rate hikes will continue to be delayed. Read my full GBP...

In the short term the GBP has the potential to weaken further as the market reprices BOE expectations. Read through my GBP update bellow to familiarize with the latest changes. The BOE still plans to hike rates in late 2016 or early 2017, and this gives the currency strength fundamentally...

The Great British pound is – equally with the USD – the strongest currency out of the eight majors and we expect this bullishness to remain in the medium-term. Pullbacks are to be expected and may provide good long opportunities. Interest Rate Official Bank Rate: 0.50%...

Today's calendar is light with some tier 2 data and a speech from Carney during the NY session. We continue to monitor news regarding Greece. I prepared the GBP Update in order to keep you up-to-date with the latest changes in the market. Fundamental Bias: Bullish Interest Rate...