GBP/USD tumbles on surge in US bond yields after FOMC minutes

GBP is under pressure on subdued UK job data and ongoing Brexit squabbling. USD is being helped by higher US bond yield on concerns of ballooning US fiscal deficit. GBP/USD is now trading around 1.3914, in late New York session, tumbling 0.60% and approaching the day low o ...

GBP/USD back to 1.40 after FOMC Minutes

Cable reacts positively to a rather neutral FOMC Minutes Bullish steam stalled at the key 1.40 barrier, where bulls and bears continue to battle for control The Pound is gaining ground against the US Dollar, recovering the key psychological 1.40 mark after the Federal Reserve released th ...

Carney & Co. TSC testimony proceeds again after suspension

 Mark Carney, the Governor of the Bank of England and his accomplices,  Haldane, Broadbent and newcomer, Tenreyro have been testifying to The Treasury Committee where the testimony had been suspended and recently reinstated again after what had been perceived by markets as a positiv ...

UK PM May: still wants Brexit transition period of around 2-years – RTRS

According to Reuters, citing government source, the UK PM Theresa May's position is unchanged and still wants a Brexit transition phase of around 2 years. The headlines seems to have prompted some fresh selling around the GBP/USD pair, which was already being weighed down by today's mixe ...

GBP/USD consolidative near term – UOB

FX Strategists at UOB Group noted that Cable faces extra consolidation in the near term. Key Quotes 24-hour view: “While GBP closed largely unchanged yesterday, the registered range of 1.3932/1.4025 was much lower than out expected 1.3960/1.4050 consolidation range. Indicators are mostl ...

GBP futures: liquidation poised to continue

In light of preliminary data for GBP futures markets from CME Group, open interest rose marginally by almost 600 contracts on Tuesday vs. Friday’s188,230 contracts. In the same line, volume reverted two consecutive declines and rose by nearly 48.2k contracts. GBP/USD room for a visit t ...

When are the UK Jobs and how could they affect GBP/USD?

UK Jobs report overview The UK labor market report is expected to show that the number of people seeking jobless benefits increased by 4.1k in the three months to January, compared to an increase of 8.6k booked in the three months to December. The unemployment rate is expected to remain at a recor ...

GBP/USD staying afloat ahead of unemployment, earnings data

GBP/USD refusing to continue Dollar slide. Dollar advancing on rising bond yields. UK Employment, Earnings slated for 09:30. GBP/USD traded sideways on Tuesday with the Sterling staunchly refusing to give up further ground to the US Dollar. The pair is down slightly ahead of the Europea ...

Forex today: traders returned and bid up the greenback

Forex today saw the return of volume and traders in the US coming back form a long weekend; The dollar was firmer again against all the major currencies and US yields were higher.  US 10yr treasury yields moved up from Friday's 2.88% closing to 2.93% before consolidating after the shor ...

GBP/USD almost flat on hopes a soft Brexit offsetting dollar´s strength

GBP is being supported by hopes of a soft Brexit. All eyes will be now on UK wage data on Wednesday. GBP/USD is now trading around 1.4007, in the New York session, almost unchanged (+0.05%) daily basis, on hopes of a soft Brexit offsetting a broader recovery in the greenback.  As pa ...