An ongoing uptrend is evident on the four-hour chart of the pound sterling against South Africa’s rand (GBPZAR). This unique symbol has made strong gains since the end of last month,…
Tag: GBP
Technical analysis of GBPUSD
The four-hour chart of the pound against the dollar (GBPUSD; ‘cable’) features some of the pound’s worst weekly losses in years. The pound lost over four cents since Thursday afternoon GMT,…
Brexit: the Biggest Trading Indicator of the Century
Once in a blue moon, a golden trading opportunity comes along, and those few people “in the know” get to take advantage of it. Gold in 2008, Bitcoin in 2017—those traders…
Macro technical analysis of GBPSEK
The daily timeframe of pound-krona (GBPSEK) features an uptrend that has lost momentum recently. This symbol’s most recent high and low are probably the most important areas. Support then is around…
Intraday technical analysis of GBPUSD
The one-hour chart of pound-dollar (GBPUSD; ‘cable’) clearly shows us an overall small upward movement with relatively high volatility. Two levels of potential significance exist on the chart. The first is…
Fundamental Analysis: Pound up after Stronger Data
A reasonably good result from this morning’s British data has helped the pound to strengthen in many of its pairs. Both average earnings and unemployment change printed stronger readings than expected.…
Will GBP Rise or Fall?
We’ve seen a lot of Brexit and GBP speculation over the last 6 months. With Teresa May stepping down, Brexit has once again hit international news, but just what can traders…
Fundamental Analysis: Pound Flat as Shares Drop
The pound sterling hasn’t moved much today despite losses for British shares. Ongoing debate over the Conservative Party’s leadership contest has driven some volatility. Meanwhile trade wars and growth have affected…
Buy or Sell GBP? Clear Trading Tips to Make the Most of Brexit
With trade war tariffs escalating and causing USD volatility, many traders are probably looking for another major currency pair to trade. GBP remains consistent in its decline, but can we expect…
Fundamental Analysis: Two-Month Lows for the Pound
The pound sterling posted significant losses in the early afternoon GMT today against most major currencies. Sterling’s higher volatility with an overall weakening today comes mainly in the context of fresh…