Tag Archive: gbp

GBP/USD neutral in the near-term – UOB

FXStreet (Edinburgh) – The research team at UOB Group has reiterated the neutral bias on GBP/USD in the next weeks.

Key Quotes

“The sharp drop last Friday indicates that the 1.4410/15 high is the extent of the corrective rebound and the ideal level of 1.4450 mentioned previously is not met”.

“The outlook from here is rather mixed and this pair is expected to trade in a broad 1.4080/1.4420 range, at least for another several more days”.

The research team at UOB Group has reiterated the neutral bias on the pair in the next weeks…

(Market News Provided by FXstreet)

Number of mortgages approvals in the U.K. rises to 70,837 in December

The Bank of England (BoE) released its number of mortgages approvals for the U.K. on Monday. The number of mortgages approvals in the U.K. was up to 70,837 in December from 70,424 in November, exceeding expectations for a decrease to 69,600. November’s figure was revised up from 70,410.

Consumer credit in the U.K. rose by £1.169 billion in December, missing expectations for an £1.300 billion increase, after a £1.479 billion gain in November. November’s figure was revised down from £1.476 billion.

Net lending to individuals in the U.K. increased by £4.4 billion in December, after a £5.3 billion gain in November.

GBP/USD focus on 1.4151 – Commerzbank

FXStreet (Edinburgh) – According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s attention has shifted to 1.4151.

Key Quotes

GBP/USD managed to heave itself to 1.4411 last week before suddenly rapidly reversing lower on Friday and dropping to 1.4151”.

“This level will need to be watched closely since a slip through it would put the January low at 1.4083 back in the frame. Below it lies the minor psychological 1.4000 region”.

According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair’s attention has shifted to 1.4151…

(Market News Provided by FXstreet)