Forex Zone | Forex Forum

GBP/USD

Discussion started on Fundamental

  • GBP/USD in Fundamental_index
  • Posts: 513
  • Points: 0
  • Likes Received: 168
  • Reputation: +12/-1
GBP/USD in Fundamental_clip
GBPUSD NEWS Fundamental
GBP/USD in Fundamental_Screenshot-2019-03-09-18-49-43

GBPUSD lacks booster booster data on Friday trading until the closing of the American market.
in the midst of Brexit news that has never met any improvement in the draft agreement with the European Union and a decline in the euro zone inflation and GDP outlook by the ECB at its monetary meeting yesterday.

GBPUSD trades below 1.3100, precisely 1.3082 or only 3 pips higher than the closing of the American session yesterday.
This week's meeting between British attorney general Geoffrey Cox and EU chief negotiator Michel Barnier has ended without progress.
Cox hopes to convince European Union colleagues to set a deadline or clause out of the backstop in Ireland.
planned debate to avoid hard borders in Ireland to win support from Conservative MPs who support Brexit.
But EU leaders have not moved from their founding.

The obstacle to strengthening the GBP also came from the ECB management who rolled back the stimulus program even though the shape was different from the quantitative easing.
The ECB's decision to give long-term loans to banks was triggered by an economic slowdown.

ECB President Mario Draghi revealed a cut in the euro zone's growth outlook, from 1.7 percent six months ago to 1.1 percent and the continuing ECB stimulus program to push inflation to a target rate of 2 percent. Draghi cited inflation estimates this year at 1.2 percent after the ECB had predicted 1.6 percent.
see in terms of fundamentals indeed the condition of GBPUSD is now under pressure.
and there is no news to correct the current price value of 1.301xx.
What strategy do you use friends?

whether GBPUSD will re-test the support point here for the green line.
or will it experience reflection at the blue dot. and continue trend.
#31 - March 09, 2019, 01:12:51 PM
Attachments:

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
GBPUSD MELESAT UP TO 1.3080 ON SPECIFICATION BREXIT AGAINST VOTING PARLIAMENT

The GBPUSD moved in high volatility on Monday as traders reacted to a number of media reports ahead of the Brexit vote this week.

GBPUSD initially fell to its lowest level in three weeks at 1.2960 after a report said that Prime Minister Theresa May might be able to change the vote scheduled for Tuesday afternoon local time. UK voting against the Brexit agreement, again carried out after last January's PM May's plan was rejected by most parliamentarians.

However, The Sun newspaper, a tabloid that is read by most people in the UK, said that he was urged to lower the rating of the vote to be purely symbolic. Initially GBPUSD weakened then managed to go up to trade at the level of 1.3080.

Shortly after that a pro-defender MP Yvette Cooper from the Labor opposition party said that parliament could take over Brexit control if it failed to get consensus with its vote (PM May) on Tuesday. The comment has become one of the positive catalysts for the pound's currency movements.

Until now, a British spokesman confirmed that Tuesday's vote would still be running. The latest report is PM May traveling to Starsbourg for last-minute talks with the European Union.
#32 - March 12, 2019, 02:24:16 AM

  • Posts: 380
  • Points: 176
  • Likes Received: 108
  • Reputation: +3/-0
GBP/USD in Fundamental_xx
CONFIDENTIAL MARKET BREXIT ACHIEVED, GBPUSD ACHIEVES THE HIGHEST LEVEL 8 DAYS

Sterling rose sharply on Tuesday as speculation circulated that British Prime Minister Theresa May was getting closer to getting approval for her Brexit agreement with the European Union. Previously May had reached agreement with the EU but the draft agreement was rejected by the British parliament so that May renegotiated.

The pound extended earlier gains Monday as May won a Brexit legally binding guarantee from the European Union, in a last-ditch effort to influence British lawmakers who opposed the outcome of a deal that threatened to cancel its divorce agreement in Tuesday's parliamentary vote.

Sterling, surging to its highest level on Tuesday at $ 1.3285, was the last level reached eight days ago as some investors supported bets the prime minister can formally divorce a divorce deal before March 29 from the European Union.

The pound was last traded today at $ 1.3217, higher by 0.54 percent or 71 pips from the close of the American session Monday.
#33 - March 12, 2019, 04:02:21 AM

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
CONFIDENTIAL MARKET BREXIT ACHIEVED, GBPUSD ACHIEVES THE HIGHEST LEVEL 8 DAYS

Sterling rose sharply on Tuesday as speculation circulated that British Prime Minister Theresa May was getting closer to getting approval for her Brexit agreement with the European Union. Previously May had reached agreement with the EU but the draft agreement was rejected by the British parliament so that May renegotiated.

The pound extended earlier gains Monday as May won a Brexit legally binding guarantee from the European Union, in a last-ditch effort to influence British lawmakers who opposed the outcome of a deal that threatened to cancel its divorce agreement in Tuesday's parliamentary vote.

Sterling, surging to its highest level on Tuesday at $ 1.3285, was the last level reached eight days ago as some investors supported bets the prime minister can formally divorce a divorce deal before March 29 from the European Union.

The pound was last traded today at $ 1.3217, higher by 0.54 percent or 71 pips from the close of the American session Monday.
the Brexit news is a very strong sign for the German movement, I'm sure the big movement in the GBP currency is very much later this week.
#34 - March 12, 2019, 04:09:41 AM

  • Posts: 2
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
GBP/USD in Fundamental_xx
the Brexit news is a very strong sign for the German movement, I'm sure the big movement in the GBP currency is very much later this week.
I'm agree. But technically for GBPUSD price will back to Downtren area again.
#35 - March 12, 2019, 12:51:13 PM

  • Posts: 177
  • Points: 0
  • Likes Received: 34
  • Reputation: +1/-1
GBP/USD in Fundamental_xx
I'm agree. But technically for GBPUSD price will back to Downtren area again.
unexpected movements. the gpbusd has decreased rapidly and then has risen to the 1.31300 area now.

fundamentally the influence is very large compared to technical.
#36 - March 12, 2019, 02:13:03 PM

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
RESPONDING TO THE GREAT PROSPECTIVE ACTION OF THE UK, GBPUSD DOWN TO LEVEL 1.3004


GBPUSD suddenly weakened to move to the lowest level of the session at 1.3004 after the market responded to the actions of Attorney General Geoffrey Cox who gave a thumbs down to the new Brexit agreement. He said that legal risk remained unchanged that Britain would not have a legitimate way to abandon Irish backstop arrangements.

He did say that guarantees reduce the risk of erratic pitfalls in the backstop and ensure that it is a legally binding document. The clarification provides substantive and binding reinforcement of legal rights available to the United Kingdom.

In all, he gave a little credit agreement, but in fact he said that legal risk was still enough to convince Euroseptics to vote against it.

His opinion lowered the possibility that Parliament would approve the agreement which was fought hard in Starsbourg on Monday night.
#37 - March 13, 2019, 12:43:00 AM

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
GBPUSD strengthens to 1.3136, VOLATILITY WILL INCREASE UP TO MARCH 22

The pound strengthened on Wednesday after plunging in on Tuesday to respond to British Prime Minister Theresa May's second defeat in parliamentary votes over the revised Brexit agreement with the European Union, but investors prepared for more volatility ahead of the additional Brexit process.

This parliamentary rejection deepens the country's political crisis a few days before the planned departure date on March 29.

Lawmakers will now vote on Wednesday on whether Britain must exit the biggest trade bloc in the world without an agreement. If the "no agreement" exit plan is rejected, another vote will be held on Thursday about whether to extend the departure date March 29.

Parliament is likely to reject the 'no Brexit agreement' plan, and the possibility of choosing to extend the UK deadline out of the EU on March 29.

This most realistic option that sustains the pound has temporarily strengthened. At the time of writing, GBPUSD is trading at 1.3136, up 0.51 percent or 67 pips.

As many as 28 leaders of European Union countries will meet at the EU summit March 21-22 to determine whether they provide a suspension of the Brexit deadline. But this tight time has made parliament difficult because other Brexit plans have not been in their minds.
#38 - March 13, 2019, 10:33:02 AM

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
GBPUSD REMOVES BREXIT DELIVERY VOTING

GBPUSD was corrected in the American trading session ahead of the vote to extend the UK deadline on March 29 to exit the European Union.

GBPUSD fell around 0.4% at 1.3280 at 10:55 p.m., as investors prepared for a parliamentary vote seeking a last-minute postponement of Brexit, in which conservative Prime Minister Theresa May's party will order its representatives to vote.

Yesterday, GBPUSD rose almost 2% and reached its highest level in nine months after lawmakers opposed the departure of Britain "without agreement" from the European Union.

Analysts warned against placing a large position on the pound due to uncertainty about Brexit.
#39 - March 15, 2019, 02:25:30 AM

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
MENTRI OUTDOOR BRITISH EXPRESSLY RISK NO DEAL BREXIT


British Foreign Minister Jeremy Hunt said the un-agreed Brexit risk had receded. This was after the British parliament decided that the Brexit deadline on March 29 was postponed.

Separately, the German Chancellor was reported, through Bild, stating that the issue of delays was not controversial among EU countries and could not rule out the threat of Italy or other countries that prevented Brexit delays.

After the British parliament asked for a delay in the departure of the British from the European Union, from the original schedule on March 29, the market awaited clarity on the continuation of this process.

The government of British Prime Minister Theresa May is trying hard to get support in parliament for its Brexit agreement.

May only has three days to win approval for the deal leaving the European Union if he wants to go to a summit with the leaders of the single currency bloc on Thursday (21/3) by offering them something to the EU in return for an extension of the Brexit deadline.

Much of the change in the Brexit process looks quite positive for GBP this week, but the long-term challenge is about estimating the decline in the value of investment in the UK this year due to the prolonged Brexit process.

The British Chambers of Commerce (BCC) or the UK Chamber of Commerce estimates a 1 percent investment decline during 2019.
#40 - March 18, 2019, 10:13:37 AM

  • Posts: 380
  • Points: 176
  • Likes Received: 108
  • Reputation: +3/-0
GBP/USD in Fundamental_xx

no settlement of Brexit could have a negative impact on the GBP (GBP) currency. I read the news that the British foreign minister resigned, post brexit.
#41 - March 18, 2019, 11:02:23 AM

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
GBPUSD TURNED TO 1.3227 USAI DATA INFLATION EXTENDED ESTIMATION

The GBPUSD pair extended the overnight decline after UK inflation data that exceeded economists' estimates. At writing, GBPUSD is trading at 1.3227, down 0.27 percent to 37 pips.

UK consumer price index or CPI rose 1.9 percent from a year earlier, surprising economists who expected it to remain stable at a January reading of 1.8 percent, which was the lowest level since December 2016.

UK UK or Gilt government bond prices surged during the Wednesday afternoon session, after most investors ignored better-than-expected consumer price inflation for February.

The yield on the 10-year benchmark bond slipped 1-1 / 2 basis points to 1.174 percent, the yield on the 30-year bond decreased 2 basis points to 1.655 percent and the yield on the short 2-year tenor traded slightly lower at 0.750 percent on 17: 50 WUB or 10:50 GMT.
#42 - March 20, 2019, 11:50:39 AM

  • GBP/USD in Fundamental_index
  • Posts: 268
  • Points: 0
  • Likes Received: 41
  • Reputation: +1/-0
GBP/USD in Fundamental_xx


is the usd price strong for now because hen i see the news its all positive whathappen to gbp?
#43 - March 21, 2019, 04:13:41 PM
« Last Edit: March 21, 2019, 10:23:39 PM by Mikser »

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
GBPUSD STRENGTHS TO 1.3143 SUPPORTED BREXIT TIME EXTENSION


The GBPUSD moved higher after the European Union gave an extension of Brexit time up to two weeks from the original schedule, March 29 to April 12.

The pair traded at 1.3143, up 0.31 percent or 41 pips.

European Council President Donald Tusk said that the European Union would provide an extension to April 12 for the UK to leave the Eurozone. That time will be extended until May 22 if Prime Minister Theresa May is able to convince the British parliament to accept the existing Brexit agreement.

PM May himself requested an extension to June 30. But with the stubbornness of MPs who continue to reject the May and EU agreements, it seems the steep road is still facing. Members of the Houses of Commons consider the contents of the backstop-related agreement in Ireland a 'poison' for Britain.
#44 - March 22, 2019, 08:38:31 AM

  • GBP/USD in Fundamental_index
  • Posts: 1221
  • Points: 2006
  • Likes Received: 544
  • Reputation: +15/-3
GBP/USD in Fundamental_xx
GBPUSD DEPRESSED TO 1.3180 USAI PARLIAMENT TAKES DECISION BREXIT

The British Pound (GBP) was pressured in the European session despite having strengthened in the Asian session on Tuesday. The pound briefly rose around 1.3200 against the US dollar ahead of the London session today but turned depressed as Brexit fears returned to swelling.

The public and markets doubt the ability of British MPs to provide clarity about Brexit. The pound stuck to a narrow range with British lawmakers scheduled to vote for various Brexit options on Wednesday morning.

UK 10-year Gilt yields fell below 1.0% for the first time since 2017 because lawmakers continue to plan against PM Theresa May. British lawmakers recently supported a motion that gave parliament a superior position than the government on the Brexit issue.

The Brexit takeover was triggered by an amendment proposed by Oliver Letwin, a member of Parliament from the Conservative Party - the party that supports May. His proposal received 329 votes from members of Parliament, more than the votes which refused, which amounted to 302. Thus, the prime minister May was obliged to follow the wishes and decisions of the parliament.

Furthermore in the US, investors looked forward to US home sales index data, housing starts and the consumer confidence index amid a lack of economic data from the UK while also observing developments around Brexit.

At writing, GBPUSD is trading at 1.3180, minus 9 pips from yesterday's closing level.
#45 - March 26, 2019, 10:17:15 AM

Members:

0 Members and 1 Guest are viewing this topic.


* Share Topic

Share via delicious Share via digg Share via facebook Share via linkedin Share via pinterest Share via reddit Share via stumble Share via tumblr Share via twitter