Pound (Forex GBPUSD): Patiently Waiting On Bearish Reversal – Elliott Wave Forecast
On GBPUSD we are tracking a corrective rally from March low, which is a complex pattern most likely a flat in wave II. And it seems that pair could reach levels above 1.5750 this week after recent bounce from the lower side of a current upward channel. However, this new high will be just a final leg, fifth wave within wave (C), so larger bearish trend remains in view but market just needs more time than firstly thought.
EUR/GBP: Pound to Gain on Expected Rebound in Retail Sales
The Euro is believed to sustain yesterday’s losses alongside the British pound as the Euro area recession deepened more than forecast in its worst performance in almost four
EUR/GBP: Pound to Weaken on Expectations Manufacturing Activity Slowed
The British pound is deemed to maintain its weakness opposite the Euro as fears of a triple-dip recession are likely to intensify amid estimates that the UK manufacturing
EUR/GBP: Pound to Dip as British Economy Seen to Have Contracted in Q4
Estimates that the British economy shrank in the fourth quarter of 2012 are seen to weigh considerably on the British pound today on views that the country could
EUR/GBP: Euro Gains as EU Officials Reach Breakthroughs
The Euro is perceived to maintain its incline alongside the Pound today as major breakthroughs in resolving the three-year-old debt crisis were achieved by European officials, managing to
EUR/GBP: Euro to Decline as Markets Focus on Greece and Spain
With Greece back in the spotlight as it struggles to secure a bailout tranche needed to ward off a potential bankruptcy, the Euro is deemed to lose ground
Financial Markets Review by Lloyds TSB
In the G-10 currency space, the pound produced a mid table performance this week. It scored against low yielding currencies and lost ground to commodity currencies. Sterling stumbles over
Financial Markets Review by Lloyds TSB
The pound was buoyed by data this week suggesting the UK could emerge from recession as early as the current quarter. This saw £/$ briefly rally though 1.66
Financial Markets Review By Lloyds TSB
The pound had a volatile session this week, as rising political volatility eventually outweighed the positive impact of a promising series of UK economic data. £/$ fell 0.9%
Financial Markets Review by Lloyds TSB
The pound was under selling pressure this week, weighed down by record borrowing figures in the UK Budget and the sharpest fall in quarterly economic growth since 1979. The