On Monday, the GBP/; USD traded below the 1.4200 marks, which provided resistance. In the meantime, support was being provided by the 100 and 200-hour simple moving averages near 1.4160. In the case of the rate surging, it would once again test the resistance of the 1.4200 marks. Passing of this level would encounter resistance in the zone above the 1.4220 level. Read more…
The GBP/USD pair peaked at 1.4217, retaining gains at the end of the day. The pair advanced on persistent dollar’s selling in a quiet start to the week, as both countries celebrated holidays, with local markets closed. The pair stabilized just above the 1.4200 threshold mid-US afternoon, where it currently trades. Read more…
Enjoying the spring? The haze in London may keep British traders at home on a bank holiday, and that is not necessarily pound-positive. At the moment, markets are calm amid the long weekend in both the US and the UK, and after Friday’s choppy trading, triggered by end-of-month adjustment. Read more…
