GBP: British Pound sales continues for four days

Forex analytics: At the Forex currency market the British Pound Sterling rate continues to be under selling pressure on Friday, due to the ongoing negative factors of the external background.
Forex forecast: MACD indicator is in the positive area for the pair GBP/USD, however it goes down, trading volume is also reducing, which indicates sell signal. Stochastic Oscillator is coming back to the oversold zone, ...

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GBP: British Pound is still on sale

Forex analytics: At the Forex currency market the British Pound Sterling rate continues to be in focus of the traders on Monday as investors keep on moving away from risk due to the unfavorable external background.
Forex forecast: MACD indicator is in the positive area for the pair GBP/USD and goes down, volumes have also dropped, which gives a clear sell signal. Stochastic Oscillator has come into oversold zone, ...

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British Pound To Threaten 2011 Trend Should Rate Expectations Falter

GBP: British Pound is on sale again

Forex analytics: At the Forex currency market the British Pound Sterling rate continues to decline on Tuesday, keeping on the trend of yesterday.
Forex forecast: MACD indicator is in the positive area for the pair GBP/USD and is growing, maintaining a pair buy signal. Stochastic Oscillator is going to come out of the overbought zone, starting a pair sell signal.
Forex recommendations: off the market.
Feasible ...

GBP: British Pound is still under selling pressure

Forex analytics: At the Forex currency market the rate of the British Pound Sterling still remains under pressure from traders today and goes down.
Forex forecast: MACD indicator is in the positive area for the pair GBP/USD, however slowed down, trying to identify a signal. Stochastic Oscillator goes down in the neutral zone, giving a pair sell signal.
Forex recommendations: in case of breakdown at the level of ...

GBP: British Pound Sterling is being corrected after sales

Forex analytics: At the Forex currency market the British Pound Sterling rate is being corrected on Thursday after sales of the last three days.
Forex forecast: MACD indicator is in the positive area for the pair GBP/USD, however it slowed down, trying to determine a signal. Stocastic Oscillator goes down in the neutral zone, giving a pair sell signal.
Forex recommendations: upward correction can lead the pair to ...

GBPUSD: British Pound US Dollar Exchange Rate Forecast

British Pound to Face Headwinds As Private Sector Activity Weakens

Forex: Euro, British Pound Rally As U.K. PMI Manufacturing and Euro-Zone CPI Estimate Tops Expectations

The British pound pared yesterday’s losses against the greenback as the U.K. PMI manufacturing report in December rose to 58.3 amid expectations of 57.2 to mark the highest reading in 16 years.

FX Headlines: British Pound Rises on Positive UK Manufacturing Data

UK Purchasing Manager Index Manufacturing was at 58.3 for the month of December, the highest reading in the last four years. Mortgage Approvals also rose to 48K for the month of November, topping expectations while also being the highest reading since August.

British Bound Diverges from Risk Trends as Growth Outlook Becomes Driver

The GBP/USD rose sharply following a robust manufacturing report but failed to break from its bearish trend as the pound has been under pressure on the back of a dimming growth outlook. The December PMI reading improved to 58.3 from 57.5, besting expectations for a decline to 57.2 and reaching the highest level in 16 years. We have started to see yield expectations grow in importance in determining direction for the pair with its correlation rising to 32%, putting a greater focus on U.K. fundamentals.