In view of GBP/USD bulls enhancing their position, the resistance area at 1.3019-1.2975 yielded ground, as did Quasimodo resistance at 1.3102 (both now acting supports).
08
Dec
2019
Category: Featured
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06
Dec
2019
Friday 6th December: Dollar Trades Lower Ahead of Critical NFP Data.
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The British pound continued to flex its financial muscle against the US dollar Thursday, ascending to a fresh peak of 1.3166 and adding 0.41%. Underpinned by a clear Tory lead on Labour, with latest polls maintaining the differential at 10 points, GBP/USD trades at approximately 2.00% on the week.
05
Dec
2019
Thursday 5th December: Dollar Explores Lower Ground for A Fourth Successive Session.
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An outperformer on the day, the British pound scored fresh monthly highs of 1.3120 against its US counterpart in recent movement. A blend of upbeat UK data and election polls favouring UK PM Johnson’s Conservatives provided support.
04
Dec
2019
Wednesday 4th December: Dollar Subdued on Global Trade Concerns.
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Cable traded firmer Tuesday amid hotter-than-expected UK Markit Construction PMI, and latest election polls displaying a widening lead in favour of Conservatives.
03
Dec
2019
Tuesday 3rd December: Dollar Tanks Amid a Fresh Flare-Up in Trade Tensions.
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Europe’s single currency strongly advanced against its US counterpart Monday, adding more than 60 points, or 0.58%. The buck turned lower following US President Trump’s announcement of steel and aluminium tariffs on Brazil and Argentina.