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gbpcad

GBPCAD H4 I Could Bearish Momentum Extend Further?

TitleGBPCAD H4 I Could Bearish Momentum Extend Further?TypeBearish reversalPreference:The price is rising towards the pivot at 1.8512, which is an overlap resistance that is slightly above the 38.2%...

GBPCAD H4  I Potential Bullish Reversal

TitleGBPCAD H4  I Potential Bullish ReversalTypeBullish BouncePreference:The price is falling towards the pivot level of 1.7972, which is an overlap support that aligns close to a 23.6% Fibonacci...

Pound Pushing Higher on Better Growth

GDP Jumps in AugustGBP is rallying today on the back of better growth data released this morning. GDP was seen rising 0.2% in August, up from 0% prior. The rise was linked to a positive month for...

Fresh UK CPI Fall Drives GBP Lower

Pound Under PressureThe British Pound has seen renewed selling interest today on the back of the latest inflation data released this morning. November headline CPI came in at 3.9% annualised, down...

GBP Sold Heavily As BOE Pauses Tightening

BOE Catches Market Off-GuardGBP continues to trade sharply lower on Friday following the latest BOE rate decision. The bank opted to keep rates on hold yesterday, pausing a 15-month tightening cycle...

GBP Selling Deepens As UK GDP Turns Negative

 UK Growth Drops SharplyThe British Pound has come under renewed selling pressure into the middle of the week as traders digest the latest set of UK growth figures. According to the ONS, the UK...

Follow The Flow: GBPCAD Testing Key Resistance

Retail Heavily Short GBPCADThe retail market is holding a large short position in GBPCAD, currently around 80%, making it a strong candidate to monitor for long opportunities. GBP has been stronger...

GBP Soaring On Hot UK Inflation

UK CPI Still Too HighOn the back of a higher-than-expected wage growth figure earlier this week, today’s UK CPI data has effectively confirmed a further .25% hike from the BOE next month. Headline CPI...

Market Spotlight: GBPCAD Testing December Highs

BOC/BOE Divergence GBPCAD is testing the December 2022 highs here and is threatening a breakout higher. The latest set of inflation data out of both the UK and Canada this week has widened the gap...