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  • Squawk / 07 May 2019 at 5:43 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD – Pound stays firm on Brexit deal hopes

    An extremely erratic tone for global equities and to a lesser extent for the US Dollar since early May, shifting back and forth from “risk off” to “risk on” phases through the Fed, US Employment report and developments since the weekend on US-Sino trade negotiations and tariffs.
    This has left the US$ indecisive in the very short-term, BUT a key theme through this uncertain stage has been a strengthening of Sterling (GBP).
    The GBPUSD Forex rate has seen a strong advance from late April through early May, driven by optimism of a Brexit agreement between the Conservative and Labour parties, to see the threat higher to target a key technical resistance level, at 1.3196.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-pound-stays-firm-on-brexit-deal-hopes/
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  • Squawk / 24 April 2019 at 5:39 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD – Pound signals a more bearish tone

    Partially a reflection of US Dollar strength, but GBPUSD has broken below a key level at 1.2947, sending a negative, intermediate-term signal from a technical analysis perspective (see below for details).
    Furthermore, this has occurred as the UK Parliament resumes after an Easter recess, with pressures continuing to mount on Prime Minister Theresa May.
    Potential threats from European and local elections, from new political parties and for May from within her own party have set an even more indecisive path ahead as we enter another chapter of the Brexit saga.
    For GBPUSD, the skewed risks are currently to the downside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbpusd-pound-signals-a-more-bearish-tone/
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  • Squawk / 16 April 2019 at 7:07 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound paralysed post-Brexit extension

    The UK government and EU agreed a flexible extension (flextension) to the Brexit negotiation process last week, which avoided a “no deal” Brexit, which would normally be expected to be positive for the Pound.
    However, Sterling has been paralysed with muted directional progress versus the UD Dollar or Euro since the extension was agreed.
    This has likely reflected the threats of a change of leader with the governing Conservative party, a potential new General Election (and possibly a Labour Part y Government) or another referendum.
    GBPUSD has been caught within a narrow band for the past week (1.3028 to 1.3133), with a slight bias to the downside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-paralysed-post-brexit-extension/
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  • Squawk / 08 April 2019 at 5:25 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD – The Pound erratic, but vulnerable into another key Brexit week

    The Pound has been under negative pressures again in early April, with little progress made politically on the Brexit negotiations within the UK since the 29th March deadline was extended.
    Another new deadline looms this week, Friday April 10th, with strong rhetoric from within the EU seeing risks of a “no deal” Brexit increase again, which has assisted in pushing Sterling lower.
    US Dollar resilience across many currencies has added to the negative tone for the GBPUSD FX rate, which we focus on here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/gbp-usd-the-pound-erratic-but-vulnerable-into-another-key-brexit-week/
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  • Squawk / 04 April 2019 at 5:41 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    GBPUSD stays tentatively bullish; EURUSD downside risks

    In our last look at the GBPUSD Forex rate and the EURUSD currency pair here in our March 23rd report we signalled a positive outlook still for GBPUSD and negative tone for EURUSD.
    Again, Brexit uncertainty clouds the outlook for the Pound, but a more conciliatory approach from Prime Minister Theresa May in early April has sustained the upside risks for Sterling.
    In the past week, GBPUSD has seen another selloff and rebound from above our 1.2947 key support, thereby reinforcing our intermediate-term bullish theme.
    The EURUSD FX pair has continued the aggressive selloff from mid-March through month- and quarter-end, to push still lower into early April and threaten an intermediate-term bearish shift, below 1.1175.

    See the full article with video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/gbpusd-stays-tentatively-bullish-eurusd-downside-risks/
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  • Squawk / 04 April 2019 at 5:35 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    FTSE 100 stays strong, with another new high for the year

    Global equity markets remain extremely strong with global economic data continuing to improve, particularly from China in early April.
    Furthermore, positive sounding ion the US-Sino trade negotiations have helped share markets higher to start the second quarter.
    This has built on the extremely strong start to the year, with the first quarter yielding extremely strong performances by global stock indices

    Here we look at the UK benchmark stock average, the FTSE 100: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/ftse-100-stays-strong-with-another-new-high-for-the-year/
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  • Squawk / 29 March 2019 at 6:46 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound weakens ahead of another key Brexit vote

    In our report here on Wednesday 27th March we highlighted a resilient tone for GBPUSD ahead of the indicative Brexit votes that evening.
    As we arrive today at 29th March, the previous Brexit deadline date, we stand ready for ANOTHER, third vote on Prime Minister Theresa May’s Brexit deal.
    Although this deal received a boost earlier this week, as both Jacob Rees-Mogg and Boris Johnson have indicated they are willing to vote for her deal (albeit reluctantly), the Northern Ireland, Democratic Unionist Party (DUP) are reluctant to give it their support.
    At the moment, it appears unlikely that PM May’s vote will pass and this has seen the Pound fall over the past 24 hours.
    Here we again focus on GBPUSD: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-weakens-ahead-of-another-key-brexit-vote/
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  • Squawk / 27 March 2019 at 6:34 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound stays solid ahead of indicative Brexit votes

    The UK parliament prepares for indicative votes later today (Wednesday 27th March, scheduled for the evening) as the 29th March initial Brexit deadline draws closer.
    Parliament has scheduled 16 (yes, sixteen) options to choose from, increasing very short-term uncertainty.
    Although the Pound remains hesitant in the short-term, the underlying tone remains solid versus both the US Dollar and Euro.
    More recently on Tuesday, Prime Minister Theresa May’s Brexit deal received a somewhat unexpected boost as two Eurosceptic members of her own party (Jacob Rees-Mogg and Michael Fabricant) seemed to indicate they may be willing to vote for her deal, with few other options now available.
    Our focus today is on GBPUSD, commonly referred to in currency markets as Cable.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-stays-solid-ahead-of-indicative-brexit-votes/
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  • Squawk / 18 March 2019 at 6:43 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound stays firm after a week of key Brexit votes

    An erratic tone for the British Pound last week with multiple Brexit votes somewhat clearing the path forward, with a No Deal Brexit rejected and the UK Government now seeking to extend the Article 50 exit date beyond 29th March.
    However, a likely third vote on Prime Minister May’s Brexit deal is likely this week on Tuesday, with the Government still trying to attain the votes necessary to pass.
    For the Pound, the overall outcome of the past week has been to show signs of relief with a GBPUSD pop higher to a new multi-month high, then a changeable but generally positive consolidation tone.
    Here we focus on the GBPUSD Forex rate, with the immediate and intermediate-term threats to the upside.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-stays-firm-after-a-week-of-key-brexit-votes/
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  • Squawk / 12 March 2019 at 7:52 GMT
    Founder, Owner, Director / Market Chartist
    United Kingdom
    Pound strengthens on Brexit deal hopes into first key vote

    A very strong rally by the Pound on Monday, with rumours and soundings of some breakthrough in Brexit negotiations.
    Today sees the first vote on Prime Minister May’s likely new Brexit deal and depending on the outcome, potentially further votes over the next two days on a “no deal” Brexit and to extend the Article 50 leaving date.
    Sterling has rallied strongly across major currencies in FX markets, but here we focus on the GBPUSD Forex rate.

    See the full article here: https://www.fxexplained.co.uk/forex-articles/current-market-analysis/pound-strengthens-on-brexit-deal-hopes-into-first-key-vote/
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