GBP/USD

GBPUSD NEWS Fundamental


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.

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.

I'm agree. But technically for GBPUSD price will back to Downtren area again.

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.

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.

is the usd price strong for now because hen i see the news its all positive whathappen to gbp?

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.