GBPUSD Sitting On Key SupportThe breakdown below the rising channel from 2020 lows has seen GBPUSD sitting on a ledge of support at the 1.3676 level. While the trend is still bullish for now, the...
UK Services PMI Surges Into Positive Territory Over March
Service Sector Rebounds There was some better news for the UK over the early European session today. The IHS reported that the UK services sector finally rebounded into expansionary territory last...
EURGBP Slide Deepens As UK Data Improves
GDP Better Than First Thought The latest UK economic data released today offered some further encouragement for GBP bulls. Following the record-breaking economic slump recorded over early 2020, during...
China Announces Counter-Sanctions Against UK
UK Announces China Sanctions Relations between the UK and China have deteriorated further this week amidst the UK announcing sanctions against China over its human rights abuses against the Uighur...
GBPUSD Correction Deepens Despite Strong PMI Data
GBP On The Decline The British Pound continues to depreciate against the Dollar today. GBPUSD is now breaking below the rising channel from 2020 lows, suggesting the room for a much deeper correction...
The Friday Forex Takeaway - Episode 73
Key Points from This Week UK CPI Improves Following on from the news that the UK avoided a double dip recession in the final quarter of 2020, there were further positive data surprises this week. UK...
UK Inflation Surprises To The Upside
The latest economic data out of the UK this morning offered further endorsement top GBP bulls. UK CPI was seen rising by 0.7, year-on-year, in January. This was above both the prior and expected 0.6%...
The Friday Forex Takeaway - Episode 71
Key Points from This Week Equities Soar on Stimulus Expectations US equities indices broke out to fresh highs again this week as Biden continues to push ahead with his proposed $1.9 trillion stimulus...
UK Avoids Double Dip Recession Despite Record Contraction in 2020
Better Q4 Data The latest data out of the UK today has helped deliver some much-needed optimism. The Office for National Statistics reported that in the fourth quarter, the UK economy grew by 1%. This...
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