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GBP/USD falls below 1.5700 as sentiment towards the pound remains weak

29/01/2013 | OzForex

United States Dollar: Cable continued to lose ground yesterday as the weak data released last week, including UK GDP, fuelled bearish sentiment towards the pound. Markets are also still quite nervous about the possibility of a referendum on the UK’s involvement in the EU. ...
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Weaker than expected UK GDP sends GBP lower across the board

28/01/2013 | OzForex

United States Dollar: It was a volatile end to the week last week. UK Q4 GDP data was the big release of the last few days and it printed below expectations on Friday at -0.3%. Markets were expecting -0.1% and GBP/USD promptly fell to a low of 1.5760 on the news, not being a ...
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GBP/USD slips below 1.5800 ahead of UK GDP at 9:30am

25/01/2013 | OzForex

United States Dollar: GBP/USD at last broke lower through support at 1.5800. It quickly traded to a low of 1.5757 once it had and hasn’t been able to push back above the 1.5800 level since. The move lower was prompted by heavy demand for EUR/GBP yesterday which has ...
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Good support at 1.5800 in GBP/USD as markets await GDP data tomorrow

24/01/2013 | OzForex

United States Dollar: Cable came close to falling below 1.5800 yesterday morning. It eventually fell to a low of 1.5802 before bouncing on the back of PM Cameron’s speech on the UK’s involvement in the EU at which he declared a referendum vote would be held on ...
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Pound under pressure again ahead of MPC minutes

23/01/2013 | OzForex

United States Dollar: The pound is back under pressure this morning. It fell to a low of 1.5810 vs. the US dollar yesterday morning after BaFin, the German Federal Financial Supervisory Authority, asked German banks including Deutsche bank to assess the impact of splitting their ...
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Markets steady after US public holiday and lack of data

22/01/2013 | OzForex

United States Dollar: GBP/USD barely moved yesterday trading within a 40 point range for most of the day. There was no UK economic data and it was Martin Luther King Day in the US. With the outlook for the UK economy growing increasingly grim last week (and early this week) ...
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GBP comes under yet more pressure amid fears for a triple-dip recession

21/01/2013 | OzForex

United States Dollar: GBP/USD was sold heavily on Friday or rather Friday afternoon as support levels were taken out at 1.5950. The pair eventually traded to a low of 1.5838 as the negative outlook on the UK economy intensified throughout the day and week. More specifically ...
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GBP under further selling pressure against both the USD and EUR

18/01/2013 | OzForex

United States Dollar: Weakness in the pound has continued over the last 24 hours. GBP/USD traded to a low of 1.5956 yesterday and opens the morning below the 1.6000 level at 1.5982. Concerns for the outlook of the UK economy continue to deepen. Also what we are seeing at the ...
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GBP/USD slips below 1.6000 as investors become increasingly bearish on GBP

17/01/2013 | OzForex

United States Dollar: The pound came under heavy selling pressure yesterday. GBP/USD fell through 1.6000 to a low of 1.5975, this coming as investor’s continue to fret over the potential for the UK to lose its triple ‘A’ rating and the associated effects on its ...
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Euro loses ground following comments by Eurogroup President Juncker

16/01/2013 | OzForex

United States Dollar: Good support remains a 1.6000 in GBP/USD. The pair chopped about yesterday within a range of 1.6035/1.6100. It opens this morning at 1.6035 under pressure again as threats to the UK’s credit rating gradually increase, these latest threats coming from ...
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