Posts Tagged ‘Pound’
Forex: British Pound Extends Advance as U.K. Consumer Prices Soar 3.7 Percent The British pound extended its gains against most major currencies on Tuesday as U.K. consumer prices rose an annualized 3.7 percent in December after climbing 3.3 percent the month prior amid economists’ expectations of 3.4 percent. Read more on Daily FX via Yahoo! [...]
British Pound Forecast to Decline Against Japanese Yen GBPJPY The ratio of long to short positions in the GBPJPY stands at 6.62 as nearly 87% of traders are long. Yesterday, the ratio was at 6.72 as 87% of open positions were long. In detail, long positions are 2.4% lower than yesterday and 9.2% stronger since [...]
Euro, British Pound Lose Ground Ahead of U.S. Event Risks The Euro pared the overnight rally despite the better-than-expected 2Q GDP report for the region, and the drop in market sentiment may continue to drive the exchange rate lower going into the North American session as equity futures forecast a lower open for the U.S. [...]