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Forex Trading, Market News & Technical Analysis

Today’s Trading Edge: EUR/GBP – Sterling crumbles as Carney signals now is not the time to raise rates

Posted by WorldWideMarkets . on Jun 20, 2017 6:56:38 PM

On Tuesday, Bank of England Governor disrupted speculation that he would support higher interest rates.  Delivering his Mansion House speech, the BOE head highlighted that inflation pressures are subdued and wage growth is anemic. 

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Topics: $GBP, Sterling

Today’s Trading Edge: GBP/USD initially plummets after early exit polls show PM May’s conservative party seen falling short of majority

Posted by WorldWideMarkets . on Jun 8, 2017 9:41:51 PM

The British pound sold off early on election Thursday after the NOP/Ipsos Mori poll showed that the Conservative Party would fall short of the outright majority by 16 seats.  Betfair odds also show Labour’s Corbyn seen as the frontrunner of becoming the UK’s Prime Minister.  Sterling recovered some of the initial losses after the BBC forecasted Conservatives will win 322 seats and that Labour would win 261. 

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Topics: GBP/USD, $GBP

Today’s Trading Edge: GBP/USD volatility runs high as UK polls send mixed messages

Posted by WorldWideMarkets . on May 31, 2017 6:53:05 PM

The British pound sold off early on Wednesday after the YouGov poll showed that the Conservative Party would fall short of the outright majority by 16 seats.  Sterling reversed those losses after a new poll by Panelbase put Conservatives at 48% and Labor at 33%, a gain of 1 percentage point from the Mid-May poll. 

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Topics: GBP/USD, $GBP, Sterling

Today’s Trading Edge: GBP/USD sinks after GDP figures miss

Posted by WorldWideMarkets . on May 25, 2017 8:12:33 PM

The British pound continues to respect the psychological 1.3000 handle and traded lower after preliminary first quarter GDP came in lighter across the board.  Both the quarterly reading missed by a tenth of a percentage point at 0.2% and the year over year reading at 2.0%.   

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Topics: GBP/USD, $GBP, Sterling

Today’s Trading Edge: EUR/GBP – Euro gains ahead of Tuesday’s key German IFO and euro zone PMI reports

Posted by WorldWideMarkets . on May 22, 2017 6:51:17 PM

 

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Topics: EURGBP, EURO Pound, $EUR, $GBP

 

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