The latter-portion of last week saw a strong bounce develop in GBP/USD, and this came after the pair tested below a key psychological level for the first time since last September. As we wrote earlier during the week, the down-trend in the British Pound was very much in-focus as we approached a read of inflation out of the UK for the month of June. Markets were looking for inflation to perk-up to 2.6% after two consecutive months at 2.4%, but the actual print gave us a third straight month at 2.4% ...
GBPUSD: Retail trader data shows 72.4% of traders are net-long with the ratio of traders long to short at 2.62 to 1. In fact, traders have remained net-long since Apr 20 when GBPUSD traded near 1.41803; price has moved 7.0% lower since then. The number of traders net-long is 7.0% higher than yesterday and 4.5% higher from last week, while the number of traders net-short is 0.1% lower than yesterday and 14.2% lower from last week. We typically ...
The Euro continues to inch upward against the British Pound but the dominant price trend continues to favor a downside bias for the single currency. The pair has recovered to the highest level in nearly two months but price action remains firmly locked within a falling channel set from October 2017. Major resistance comes in at 0.8904, the confluence of a former chart inflection point as well as the trend channel top. A close above that ...
UK retail sales declined more than expected in March, the Office for National Statistics showed Thursday. more...
The average asking price of a house in the United Kingdom was up 0.4 percent on month in April, property tracking website Rightmove said on Monday - coming in at a record 305,732 pounds. more...
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