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’s been tough sledding for Cable so far in Q4, but bulls have started to show defense of a major psychological level. Meanwhile, GBP/JPY is holding on to a bullish breakout setup as we go into next week.

GBP/USD may trade within a defined range ahead of the next BoE meeting on November 7 should it defend the September low (1.3002).

The British Pound plunged into October with a third-weekly decline grappling with support at the 1.30-handle. Battle lines drawn on the GBP/USD weekly technical chart.