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GBPUSD – A Bear Trap?

GBPUSD, H4 This pair has been down significantly for two days to a new two-month low at 1.2848, although the UK economic data was relatively...

UK – GDP Subdued as Exports Leap

GBPUSD, H1 UK preliminary Q4 GDP came in at a miserable 0.0% q/q, as had been widely anticipated, while growth rose 1.1% y/y. The quarterly...

EU & UK Service PMIs revised higher

EURUSD, H4 The slight upward revision to the manufacturing PMI yesterday was followed by stronger than expected final services and composite PMIs today. The services...

Sterling bounces but remains heavy

GBPUSD, H1 Sterling rebounded from earlier losses, with Cable returning to the 1.3000 area after pegging a low just after the open of the London...

Sterling Stressed Again

GBPUSD, H1 Sterling has come under notable pressure, and is presently showing losses of over 1.0%  against the Dollar, Aussie and Kiwi  among other currencies....

FX Update – January 31 – Brexit Day

GBPUSD, H1 Risk-off positioning in currencies came to an uncertain pause, amid a backdrop of sputtering stock markets amid continuing concerns about the spread of...

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