GBP/USD sticks to modest gains, comfortably above 1.2700 handle

   •  The ongoing USD profit-taking slide helps to gain some positive traction.    •  Disappointing US consumer sentiment index adds to the USD weakness.    •  Brexit uncertainties keep the GBP bulls on the defensive and cap further gains ...

GBP futures: potential consolidation near term

In light of flash data for GBP futures markets from CME Group, investors added around 6.5K contracts to their open interest positions on Thursday vs. Wednesday’s final 246,740 contracts. Volume, instead, dropped by almost 1.7K contracts. GBP/USD keeps the neutral/bearish bias Cable i ...

GBP/USD Review: Oscillates in a range, just above 1.2700 handle

   •  Brexit uncertainties keep the GBP bulls on the defensive.     •  Safe-haven flows prompt some fresh selling in the past hour.  The GBP/USD pair extended its retracement slide from an intraday high level of 1.2749 and refreshed session low i ...

GBP/USD risk of an interim low has increased – UOB

Cable could have carved an interim low after testing the 1.2660 zone earlier in the week, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that “a retest of the low near 1.2660 would not be surprising but this should be followed by a more sustaine ...

GBP/USD could see a test of 1.2590 – Commerzbank

According to Axel Rudolph, Senior Analyst at Commerzbank, Cable could face some consolidation ahead of a potential test of 1.2590. Key Quotes “GBP/USD’s fall below the December 2016 and January 2017 highs and August 2017 low at 1.2776/1.2706 puts the June 2017 low at 1.2590 on th ...

GBP/USD Technical Analysis: Cable could end the week where it started

The Sterling is lifting against the US Dollar, but Greenback bulls remain close at hand, restraining momentum. Brexit concerns are continuing to imprison the GBP, and a resurgence in negative headlines heading into the weekend will see the Sterling soften up again. bears continue to remain i ...

GBP/USD holding near 1.27 as Brexit returns to the forefront

The Sterling is seeing some lift heading into Friday, but bullish momentum is constrained. Brexit headlines can be expected to keep the GBP/USD on a leash as concerns of a messy Brexit continue to grow. The GBP/USD is seeing cautious play just above 1.2700 as the Cable continues to lift fro ...

GBP/USD spikes through 1.2735 hurdle amid notable USD weakness

   •  A fresh wave of USD selling triggers some short-covering bounce in the past hour.    •  Technical buying provides an additional boost and remains supportive of the up-move. A quickly wave of USD selling emerged over the past hour or so, lifting th ...

GBP/USD moves little post-US data, stuck around 1.2700 handle

   •  Already weaker USD dips further after mixed US economic releases.    •  The uptick remains capped below UK retail sales data-led swing high. The GBP/USD pair continued with its lacklustre trading action through the early North-American session and had ...

GBP futures: U-turn near term?

Preliminary data for GBP futures markets showed open interest dropped by nearly 3.5K contracts on Wednesday vs. Thursday’s final 251,608 contracts, according to CME Group. In the same line, volume decreased by almost 4.3K contracts. GBP/USD potential recovery lies ahead Cable’s bearis ...

GBP/USD jumps back to session tops post-UK retail sales

   •  UK monthly retail sales data surpass even the most optimistic estimates.    •  A follow-through USD profit-taking slide remains supportive of the up-move. Having retested sub-1.2700 level in the past hour, the GBP/USD pair regained positive traction an ...

GBP/USD interim low in place? – UOB

According to FX Strategists at UOB Group, Cable could have carved an interim low in light of the recent price action. Key Quotes 24-hour view: “In line with expectation, GBP dipped below the major support indicated at 1.2675 yesterday but did not have enough momentum to challenge the nex ...