Tag: British Pound

September 03, 2014 BY Mike Fox

Swissquote Daily Technical Report: Gold - The symmetrical triangle has been broken to the downside

In Swissquote’sWednesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/GBP and Gold. To view and download the entire report, click here (PDF). EUR/GBP: Bouncing sharply • EUR/GBP surged higher yesterday. The resistance at 0.7970 (20/08/2014 low) has been breached, but the…

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September 01, 2014 BY Mike Fox

Swissquote Daily Technical Report: GBP/USD - Challenging its declining trendline

In Swissquote’s Monday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and GBP/USD. To view and download the entire report, click here (PDF). EUR/USD: Approaching the key support at 1.3105 • EUR/USD continues to move lower and is now close to…

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August 22, 2014 BY Mike Fox

Swissquote Daily Technical Report: EUR/USD - Trying to bounce

In Swissquote’s Friday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and GBP/USD. To view and download the entire report, click here (PDF). EUR/USD: Trying to bounce • EUR/USD has broken the strong support at 1.3296. The short-term technical structure…

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August 21, 2014 BY Mike Fox

Swissquote Daily Technical Report: GBP/USD - Selling pressures remain strong

In Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for GBP/USD and USD/JPY. To view and download (PDF) the entire report, click here. GBP/USD Selling pressures remain strong • GBP/USD made an intraday bearish reversal yesterday, confirming persistent selling pressures.…

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June 18, 2014 BY Mike Fox

China to start yuan vs. sterling trading in FX market from Thursday

China's central bank said on Wednesday that the Chinese currency will be traded directly against the British pound in the interbank foreign exchange market, in the latest step to facilitate investment and bilateral trade between China and Britain. This update comes as finally China Construction Bank was named the clearing bank in London for the…

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January 30, 2014 BY Gerald Segal

Independent Scotland? – Not without its own currency!

Bank of England’s governor Mark Carney dashed hopes for an independent Scotland that uses the British Pound A couple of weeks after the Scottish independence currency question has resurfaced, our thesis that a currency union with the UK would undermine its ultimate goal of sovereignty has been confirmed by none other but the current governor…

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