GBPUSD Slumps As BoE Votes 6-2 To Hold Policy Unchanged

The Bank of England has left interest rates unchanged with only two of its MPC members voting in favour of a hike this month.

GBPUSD Countertrend Play Jun 30, 2017

The ascending channel on Cable’s daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area.

GBPUSD Forecast June 28, 2017, Technical Analysis

The British pound initially went sideways during the day on Tuesday, and then broke higher, reaching towards the 1.2775 level. Above there, I think the 1.28 level offered resistance, so if we can break above there I think that the market could then go to the 1.30 handle.

GBPUSD Could Drop Below 1.26 If BoE Is Dovish

The Bank of England’s Monetary Policy Committee is almost certain to keep interest rates unchanged today despite inflation rising well above its 2% target.

GBPUSD on shay footing amid political turmoil in a key week

Today’s going to be a quieter session in terms of economic news, ahead of key events later this week. There are however at least three factors that need to be watched closely.

GBPUSD Set To Break 1.30 Amid Improving UK Data

Economic data out of the UK released in the last couple of days has been pound-positive, yet the GBPUSD is still holding below the 1.30 handle. But for how long? Given that the positively-correlating EURUSD pair has already broken well above its own corresponding psychological hurdle at 1.10 after a sharp rally, the cable could be playing catch up.

GBPUSD Still Faces Significant Brexit-Related Risks

After a 300-pip rally on Tuesday, the GBPUSD is unsurprisingly taking a breather today. Tuesday’s upsurge came on the back of news Theresa May called for a snap general election.

Dollar Unlikely To Go Down Without A Fight

Financial markets opened in a bit of a panic mode overnight in the wake of Trump’s failure to repeal Obamacare. Stock index futures slumped while the dollar index fell to its lowest since mid-November as the yen and euro both gapped higher. The dollar’s losses steepened after the London open as the GBP/USD climbed to near 1.26 handle and EUR/USD neared 1.0900. European stock indices bounced off their lows slightly.

China 2017 Growth May Further Slow Down

China’s economic growth may continue to slow in 2017 to 6.5 percent before possibly bottoming out in 2018, a new report showed Monday.

Brexit - Pound Surges On High Court Ruling re Article 50

Forget the Bank of England meeting today, it is all about politics as far as the pound is concerned.