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GBP/USD tests key resistance after strong UK inflation data
  • The GBP/USD pair rose to a major resistance level after the ONS published strong UK inflation data.
  • The headline CPI rose by 0.6% while the core CPI rose by 1.4%.
  • The data came a week after Andrew Bailey warned about negative rates.
January 20, 2021

Market analysis

GBP/USD prints fresh 2020 highs as Fed pushes dollar lower
GBP/USD price surged above the $1.33 handle for the first time in 2020 as the dovish message from the U.S. Federal Reserve sent the greenback lower. Fundamental analysis: New inflation policy from the Fed  The U.S. dollar plunged sharply on Friday against a basket of currencies, largely due to…
August 28, 2020
GBP/USD price struggling at $1.31 on low volatility
GBP/USD price closed the week with minor gains as investors head for a break after a turbulent first part of the year. Sterling has traded in a tight range against its US counterpart as the buyers attempt to break above the multi-year resistance.  Fundamental analysis: Low volatility The pound…
August 15, 2020
GBP/USD price jumped 5.5% in July, the highest monthly gain since 2009
GBP/USD price gained nearly 5.5% in July to market the best month since 2009. The dollar fell to multi-year lows against a range of currencies, with the dollar index closing the month 4.1% lower.  Fundamental analysis: Sterling rises on a broad dollar weakness Sterling took advantage of the broad…
August 1, 2020
GBP/USD price extend gains to trade above $1.25 again
GBP/USD price has continued its rally today to trade above the $1.25 again as the buyers now eye a trip towards the $1.26 handle. In the meantime, PM Johnson has reiterated that the furlough scheme won’t be extended beyond October.  Fundamental analysis: No extension of the furlough scheme planned…
July 2, 2020

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