GBP/USD Ends the Week on the Back Foot

GBP/USD closed lower for the sixth consecutive day on Friday, hovering perilously close to its weakest levels since the pandemic flash crash of March 2020. August marked the worst month for the British pound since Brexit, with sterling falling by 4.5% against the dollar. After seeing the euro fall to parity with the dollar in … Read more

Sterling Slides Amid Surge in UK Coronavirus Cases, Retail Sales Miss

The British pound entered a sixth consecutive day of losses against its US counterpart in early trading on Friday. A disappointing retail sales report, dampened optimism over recovery from the Covid-19 pandemic and broad strength in the US dollar after the Federal Reserve policy shift combined to pressure sterling to it’s lowest levels since May 6th.

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London Opening Range Breakout Strategy

The London Opening Range Breakout is a strategy that is simple to understand and apply. It also has the appeal that it requires relatively little time to trade it, generating at most one trade per day.

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Sterling Extends Gains on Johnson Plan

GBP/USD rose to fresh multi-year highs in early trading on Tuesday,¬†amid optimism over Prime Minister Boris Johnson’s four-step plan to end UK lockdown restrictions by June 21st. The announcement was made in a speech to parliament on Monday, and followed up by televised press conference in the evening.

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Sterling Bulls Eye 1.40 Amid Vaccine Optimism

GBP/USD rallied sharply in early trading on Monday to its highest levels since April of 2018, reaching above $1.39 and drawing closer to the major psychological level of $1.40. The pair was boosted by a weaker US dollar and optimism over a faster than expected UK economic recovery from the damage caused by the Coronavirus … Read more