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Forex Friday: It is all about the pound

In this week’s edition, we discuss the pound’s extreme volatility amid the BoE’s intervention and government’s questionable policy response to soaring cost of living crisis in the UK.

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Gilts gone wild!

The yield on the 30-year Gilt has moved from a high on the day of 5.092% down to a low of 3.869%.

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September 28, 2022 03:53 PM

GBP/USD: BoE intervention unlikely to help pound

BoE is attempting to soothe investor nerves after they were spooked by last week’s mini budget.

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September 28, 2022 07:00 AM

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Shorting the pound: how to short sell the British pound

Shorting the pound is a strategy that makes profit if the price of the British pound falls. To short the pound, you want to enter the trade as close to resistance level as possible. Find out more about short selling the pound.

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September 27, 2022 02:00 PM
Gold trading

Two trades to watch: Gold, GBP/USD

Gold rises with Fed speakers & US data in focus. GBP/USD bounces from record low.

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September 27, 2022 03:19 AM

Currency pair of the week: GBP/USD

Will the new budget from PM Liz Truss “break the economy” or will it help everyday citizens as she says it will?

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September 26, 2022 12:39 PM
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The pound is sent into the ground during thin Asian trade

The combination of the UK’s mini-budget and general flight to the US dollar has sent the pound broadly lower and GBP/USD to a new record low.

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September 25, 2022 10:36 PM
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Bank of England hikes rates by 50bps; More to come?

Despite a rate hike by the BOE of 50bps, GBP/USD is near 37-year lows. Why? Because the Fed hiked rates by 75bps yesterday and said that more rate hikes are on the way.

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September 22, 2022 12:38 PM
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GBP/USD testing key level as UK and US inflation remain hot

Are we going to see the cable go back down again?

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September 14, 2022 12:30 PM
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What will happen to GBP/USD if the UK surprises with higher CPI?

If the data is stronger than expected, will GBP/USD move higher? It may, but most likely not to the extent that the US Dollar did after the stronger US CPI.

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September 13, 2022 02:08 PM

GBP/USD trades to lowest level since 1985!

Worries that high inflation and an economic slowdown could cause a recession are outweighing any BOE rate hike expectations.

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September 7, 2022 03:40 PM
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GBP/USD remains subdued as Truss becomes UK’s Next PM

Will the market put its trust on Truss to deliver the goods the economy badly needs?

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September 5, 2022 11:20 AM

GBP/USD falls as the UK outlook darkens

GBP/USD falls after Ofgem; the market regulator jacked up its price cap sharply and as investors look ahead to Jackson Hole.

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August 26, 2022 05:01 AM

Better than expected Retail Sales can’t save the Pound

The July UK sales data was much better than expected. However, with the worse inflation data and employment data this week, combined with a strong US Dollar, couldn’t hold up GBP/USD and the pair may be headed for its lowest level since July 14th!

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August 19, 2022 10:40 AM

2022 Conservative Party leadership election: What’s at stake for the GBP?

Truss is arguing for looser fiscal policy and tighter monetary policy, a policy stance that has historically supported strength in the underlying currency

Research

GBP/USD: What doesn’t kill you makes you stronger

GBP/USD is down only modestly despite so much negative news...

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August 5, 2022 12:41 PM
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BoE’s grim forecasts weigh on pound

…But there’s hope for GBP/USD bulls – the dollar and bond yields are weakening again.

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Bank of England Preview

Ahead of the BoE decision, the GBP/USD has established a base around low $1.20s.

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August 4, 2022 05:14 AM
Research

GBP/USD could revisit 1.25 as US recession confirmed

GDP was quite poor, so there won’t be a hattrick of 75 basis point hikes in September, that’s for sure.

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July 28, 2022 11:08 AM
Research

Two trades to watch: GBP/USD, EUR/USD

GBP/USD rises as the jobs market boom continues. EUR/USD rises over 1.0150 ahead of CPI data.

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July 19, 2022 03:14 AM
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Two trades to watch: GBP/USD, USD/CAD

GBP/USD rises after UK GDP, US CPI next, USD/CAD awaits the BoC rate decision.

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July 13, 2022 03:17 AM
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Recession Trade Keeps Risk Assets Under Pressure

Fears over a recession continues to drive financial markets, with commodities feeling the heat

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Two trades to watch: GBP/USD, USD/CAD

GBP/USD rises despite strike action. USD/CAD falls ahead of retail sales, Fed Powell.

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June 21, 2022 03:42 AM