Tag Archives: GBPUSD

On Thursday, the pound experienced a sharp decline following remarks by Bank of England Governor Andrew Bailey to The Guardian, indicating the central bank may adopt a more “aggressive” approach to rate cuts if inflation continues to ease. This triggered a 1.08% drop in the pound, closing at 1.3123 against the U.S. dollar, marked its […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for OCT 2, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Daily Price Chart, Source: Ultima Markets MT4)  1-hour Chart Analysis  (GBPUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (GBPUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

On Wednesday, the U.S. dollar rebounded from a 14-month low against the euro in volatile trading. However, investors maintained expectations that the Federal Reserve will implement another significant interest rate cut at its November meeting, driven by weakening labor market sentiment. EURUSD declined by 0.42%, closing at 1.1133, while GBPUSD dropped 0.67%, ending at 1.3323.  […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for SEP 20, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (GBPUSD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (GBPUSD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

The Bank of England maintained interest rates at 5.0% on Thursday, with the Monetary Policy Committee voting 8-1 to keep rates unchanged, outperforming expectations of a 7-2 vote in favor of holding rates. Only external member Swati Dhingra voted for a further quarter-point rate cut, following the BoE’s first reduction in borrowing costs since 2020 […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for SEP 10, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBP/USD Daily Price Chart, Source: Ultima Markets MT4)  H1 Chart Insights  (GBP/USD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (GBP/USD M30 Price Chart, Source: Ultima Markets APP)  Conclusion  […]

The pound remained steady on Thursday, poised for a modest weekly gain against the dollar ahead of U.S. employment data, which could shape the currency markets in the coming weeks and months. GBP/USD rose 0.25%, closing at 1.3177, edging back towards its last week’s two-year high of $1.3269.  (GBP/USD Daily Price Chart, Source: Trading View)  […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for Aug 22, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (GBPUSD Price Daily Chart, Sources from Ultima Markets MT4) 15-min Chart Analysis  (GBPUSD 15 Minutes Price Chart, Sources from Ultima Markets MT4) Pivot Indicator  (GBPUSD 30 Minutes Price Chart, Sources […]

The UK economy received another boost as retail sales rebounded in July, rising by 0.5% month-over-month, after a revised 0.9% decline in June. This positive retails sales data has contributed to a rise in the pound’s value. GBP/USD rose 0.72% last Friday, closed at 1.2940.  (GBP/USD Daily Price Chart)  The recovery in retail sales can […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for Aug 15, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]