Dollar Drop to Eight-Month Low Fires Euro, Pound Higher

Talking Points: – Dollar weakness continues to drive as we near the close of Q2, and this has created outsized rallies in European and British counter-parts. – Gold prices continue to fall as indication of increasing inflation expectations that are percolating through many major economies. – For trading ideas, please check out our Trading Guides. […]

British Pound: Expect Choppy, Sideways Trading

Fundamental Forecast for GBP: Neutral All in all, the past week was a good one for the British Pound, lifted by hawkish interest rate comments. However, the Brexit negotiations and domestic politics are still likely to be the key drivers in the days ahead. Check out the DailyFX Economic Calendar and see what live coverage […]

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Technical Weekly: British Pound Gets off the Ground

GBP/USD breakout USD/JPY holding 52 week average for now; watch 110.10 USD/CAD revisiting range highs; next price zone is 1.3700-1.3838 —Subscribe to Jamie Saettele’s distribution list in order to receive a free report to your inbox several times a week. —Looking for ideas and forecasts? Visit theDailyFX guides and forecasts page. Also, check out the […]

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Brexit Threatens British Pound Reserve Currency Status, Says S&P

Talking Points: S&P affirmed United Kingdom “AA” rating with negative outlook Ratings agency warned Brexit may hurt Pound’s global reserve role GBP/USD little-changed after S&P UK assessment update release The British Pound showed a reserved reaction against its major counterparts after S&P Global Credit Ratings Agency released its United Kingdom survey. The report said Brexit […]