Fundamental analysis of GBP/USD

Relevance up to 02:00 2020-07-16 UTC+2 4-hour timeframeTechnical details:Higher linear regression channel: direction - upward.Lower linear regression channel: direction - upward.Moving average (20; smoothed) - sideways.CCI: -121.2859The British pound, unlike the European currency, was trading lowe....

Relevance up to 15:00 2020-07-15 UTC+2 The euro continues its confident rise against the US dollar due to the optimism of market participants concerning the EU summit. The fact is that, during the meeting, the EU leaders may approve the aid plan proposed by the European Commission worth of 750 bi....

Relevance up to 11:00 2020-07-15 UTC+2 The pound was depressed again: British macroeconomic reports published today reminded traders once again of the consequences of the coronavirus crisis. On the one hand, traders did not expect anything interesting from the May figures: in May, Great Britain b....

Relevance up to 09:00 2020-07-15 UTC+2 While traders and economists are wondering how the euro can respond to the EU summit and the decisions to be taken on the economic recovery fund, the US Department of the Treasury has released another report on the increasing government debt and budget defici....

Relevance up to 06:00 2020-07-15 UTC+2 The dollar remains under pressure against major currencies, despite increasing cases and deaths in the United States. On the one hand, the market is simply tired of this endless coronavirus drama, and on the other, it continues to realize that the US economy ....

Relevance up to 02:00 2020-07-15 UTC+2 4-hour timeframeTechnical details:Higher linear regression channel: direction - upward.Lower linear regression channel: direction - upward.Moving average (20; smoothed) - upward.CCI: 32.9645The British pound spent the first trading day of the new week in a ne....

Relevance up to 15:00 2020-07-14 UTC+2 Today, currency pairs of the so-called "major group" showed relatively weak volatility. Only the euro/dollar pair is trying to rise ahead of the EU summit, which is due to take place at the end of this week. The rumors preceding this event are encouraging: t....

Relevance up to 08:00 2020-07-15 UTC+2 The CFTC report released on Friday did not bring any surprises. Most commodity currencies strengthened their positions, the long position on the yen sharply declined, which may indicate a continuation of the current trend as a whole - a gradual increase in de....

Relevance up to 07:00 2020-07-15 UTC+2 Despite the increase in the number of deaths and cases in the United States from coronavirus infection, which previously clearly supported the dollar as a safe haven currency, it still ended in the negative zone last week.According to the dynamics of the ICE ....

Relevance up to 13:00 UTC+2 The British pound has recently been trading very attractively against the US dollar. The pound/dollar pair has a pronounced trend, which clearly adds to its fans among traders. However, unfortunately, there is still very little news from the UK. The authorities of the ....

Relevance up to 10:00 2020-07-13 UTC+2 4-hour timeframe Last week, the British pound traded very confidently in an upward direction. Market participants bought the British pound quite zealously, despite the next failed negotiations between Brussels and London, which significantly reduces the like....

Relevance up to 11:00 2020-07-11 UTC+2 The British currency was optimistic this week. The weakness of the US currency, the ambitious plans of the Ministry of Finance of the UK, as well as the absence of bad news from the negotiation front allowed the pound to return to the framework of the 25th f....

Relevance up to 07:00 2020-07-11 UTC+2 The data on the number of applications for unemployment benefits in the States released on Thursday turned out to be higher than expected and became a catalyst for a moderate, but time-limited increase in demand for risky assets, which in turn, contributed to....

Relevance up to 02:00 2020-07-11 UTC+2 4-hour timeframeTechnical details:Higher linear regression channel: direction - upward.Lower linear regression channel: direction - sideways.Moving average (20; smoothed) - upward.CCI: 105.7463The British pound has been trading higher for most of the last tra....

Relevance up to 09:00 2020-07-10 UTC+2 The UK government has announced a new program to stimulate the British economy. It will amount approximately $ 38 billion, and will be used to support the country during the quarantine period. It will be implemented until October of this year, after which the....

Relevance up to 08:00 2020-07-11 UTC+2 The dollar continues to decline against both commodity currencies and the yen on Thursday morning. The weakness of the dollar is confirmed by the fall of the last resistance in gold, the level of 1800 dollars per ounce has been overcome, and nothing prevents ....

Relevance up to 06:00 2020-07-11 UTC+2 On Wednesday, the attention of the market shifted from the impact of the coronavirus pandemic on the positive aspects associated with the recovery of the global economy.If the US stock market somewhat revived on Wednesday, despite the increase in the number o....

Relevance up to 02:00 2020-07-10 UTC+2 4-hour timeframeTechnical details:Higher linear regression channel: direction - upward.Lower linear regression channel: direction - downward.Moving average (20; smoothed) - upward.CCI: 225.7567The British pound resumed its upward movement in the second half o....

Relevance up to 22:00 UTC+2 The pound paired with the dollar is growing this week for two reasons: First, Downing Street announced additional incentives for the economy, and secondly, there were rumors on the market about a possible breakthrough in the Brexit issue. These fundamental factors helpe....

Relevance up to 07:00 2020-07-09 UTC+2 The situation on the currency market remains extremely confusing and ambiguous. There are two main factors - the global economic recovery as a whole, Chinese, American and European separately and coronavirus infection, that is simply suffocating the United St....

Relevance up to 02:00 2020-07-09 UTC+2 4-hour timeframeTechnical details:Higher linear regression channel: direction - upward.Lower linear regression channel: direction - downward.Moving average (20; smoothed) - upward.CCI: 179.4777The British pound resumed a strong upward movement in the second h....

Relevance up to 17:00 2020-07-08 UTC+2 The euro declined against the US dollar, and the British pound surged higher after the appearance of another rumor related to the secret Brexit negotiations. Pressure on the euro was exerted by today's reports on Germany, as well as the forecast of the Europ....

Almost all currencies have loosened against the greenback today, but the GBP keeps rallying. How is it possible? What happened? As you can see below: the Australian dollar and the Euro weakened today amid the overall risk-off market sentiment. It was caused by the fresh resurgence of new virus cases...

Relevance up to 08:00 2020-07-08 UTC+2 The euro continues its rally amid reports that the Fed is maintaining its aggressive monetary policy, which increases the demand for risky assets. In addition, the dollar is weakening due to the uncertainty surrounding the upcoming US presidential election. ....

Relevance up to 02:00 2020-07-08 UTC+2 4-hour timeframe Technical details: Higher linear regression channel: direction - upward. Lower linear regression channel: direction - downward. Moving average (20; smoothed) - upward. CCI: 66.4680 On the first trading day of the week, the pound rose slightly....

Relevance up to 08:00 UTC+2 The pound-dollar pair tested the 25th figure today, reacting to the general weakening of the US dollar. The PMI index for the construction sector provided additional support for the British currency, which came out much better than forecast values. But in general, the ....

Long-term review The resumption of Brexit negotiations is an important reason to look at the British pound. London and Brussels accused each other of missing the deadline for assessing access to financial services markets, and banks in the Foggy Albion warned that this could end badly: if the prin....

06.07.2020On Monday, GBPUSD is intent on further growth but saving strengths so far. The British Pound is barely moving against the USD on Monday. However, it’s clearly seen that the Pound has serious intentions to continue growing as soon as the circumstances take a favorable turn. The current quot...

Relevance up to 08:00 2020-07-07 UTC+2 The improving data on the services sector of eurozone countries supported risky assets. However, the latest statistics indicate that the coronavirus pandemic has not yet been eradicated, so authorities of some states are forced to return social distancing me....

Relevance up to 09:00 2020-07-08 UTC+2 The US ore market report for June came out as a whole in accordance with forecasts and should be recognized as strong - 4.8 million new jobs were created (forecast 3.0 million), unemployment declined from 13.3% to 11.1% (forecast 12.3%), while wage growth is ....