Daily Report: GBP/USD Continues to Navigate Deeper Waters LeapRate

May 25, 2023 BY Steffy Bogdanova

Daily Report: GBP/USD Continues to Navigate Deeper Waters

GBP/USD Direction Given the scope to post additional underperformance, GBP/USD is likely to cross beneath H1 support from $1.2356 and target $1.23, followed by daily support mentioned above at $1.2272. A H1 close lower, therefore, could ignite breakout selling. (Chart: TradingView) Last week's report: Daily Report: Commodities displaying bearish tone... Read More Disclaimer: The information…

April 19, 2023 BY Steffy Bogdanova

GBP/USD Eyeing Higher Prices Ahead of Widely Watched UK CPI Data

GBP/USD Currency Pair Projecting Further Upside Kicking things off with a look at where we are on the weekly scale, buyers appear reluctant to push beyond YTD tops. Still, the weekly chart demonstrates scope to approach as far north as resistance from $1.2767, a long-term horizontal base sharing chart space with a trendline resistance from…

April 03, 2023 BY Steffy Bogdanova

Fresh Quarter. Fresh Month. Fresh Week. Market Insight for the Week Ending 7 April

Economic Data for the Week Ahead: Monday 3 April US ISM Manufacturing PMI for March at 3:00 pm GMT+1 Markets welcome the latest manufacturing PMI data from the US, expected to marginally tick lower to 47.1 in March from February’s 47.7 figure. However, the forecast range resides between 48.0 and 44.4. Tuesday 4 April Reserve…

March 19, 2020 BY Valentina Kirilova

Daily market commentary: The pound is quite simply collapsing

OIL Oil is experiencing a perfect storm in which coronavirus is destroying the demand side, while supply is overwhelmed by the deluge on offer from Saudi Arabia. As a result, the price crashed to an historic low at $20, before attempting a rebound to $23. This scenario will probably not last for long, as for…

October 25, 2019 BY Valentina Kirilova

The Brexit Deal Scenario of 2019: What May Happen with GBP?

Even if you don’t follow the economic news or any news reports at all, you’ve heard about the biggest breakup in modern history – the UK leaving the EU for good. AMarkets have shared their thoughts on this eternal topic in an exclusive piece for LeapRate. Brexit is not another run-of-the-mill separation deal, because two…

January 03, 2018 BY Valentina Kirilova

Nadex widens acceptable bid/ask spread used in currency expiration value calculation

On January 2, 2018 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that on trade date Tuesday, January 2, 2018, the underlying GBP/USD cash market experienced a period of decreased activity at the open of the Nadex derivative contracts. The expiration value calculation process under ‘slow’ conditions would collect midpoints…

Tag: GBP/USD