British Pound

British Pound plunged for an eighth week with a 7% decline off the yearly high now testing the key support. Battle lines drawn on the GBP/USD weekly technical chart.

It was a brutal week for the British Pound, with fresh four-month lows in Cable as GBP/JPY put in a late-week breakdown.

British Pound plunged more than 3.2% off the monthly high with a break of the election range exposing key support. Battle lines drawn on the GBP/USD technical charts.

British Pound plunged nearly 4.8% off the yearly high with the bears now poised to challenge key trend support. Battle lines drawn on the GBP/USD weekly technical chart.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.

The Bank of England (BoE) is expected to lower Bank Rate by 25bp in November.

British Pound is attempting to break the April uptrend with GBP/USD testing pivotal support ahead of NFP. Battle lines drawn on the technical charts into November open.

British Pound plunged nearly 4% off the yearly high with a four-week decline taking GBP/USD to multi-month lows. Battle lines drawn on the weekly technical chart.

It was a fast and sharp turn after the test around 1.3000 on Wednesday, and the GBP/USD weekly bar is currently in the green as we approach week-end.

GBPUSD Outlook: After the UK experienced a brief period of economic balance following its first rate cut, upcoming employment, growth, and inflation data are set to play a critical role in shaping the direction of the monetary policy as GBPUSD holds steady above the 1.3 level.

GBPUSD Analysis: with the upcoming BOE statement, CPI metrics, and Flash PMI results, April highs are challenged for further bull runs

GBPUSD Forecast: doves add new lows to the GBPUSD pair as the British Pound Currency Index holds at a 6-month support zone

GBP/USD held in a range for much of Q1, even as USD strength re-appeared. But a fundamental twist in March puts bulls on their back foot, with GBP/USD limping into Q2 at confluent support.

The Bank of England seems an outlier at this point as they remain one of the more hawkish Central Banks and GBP/USD is driving to a fresh three-month high after the FOMC and BOE rate decisions.

The British Pound bulls halted at resistance last week with the December opening-range now taking shape. Battle-lines drawn on the GBP/USD short-term technical charts.

GBP/USD dropped a quick 100 pips at the open after testing 1.2850 on Friday, but the evidence so far points to continued upside...

British Pound is in consolidation just above multi-month uptrend support– breakout pending. The levels that matter on the GBP/USD short-term technical charts.