The pound keeps doing what it has done all year: recovering faster than anyone expects. GBP/USD closed the week at 1.3446, up from 1.3351, having touched 1.3545 midweek — within touching distance of the June highs. From the late-June low of 1.3143, that’s a 3% rally in three weeks, and it’s happened against a broadly […]
The pound keeps ruining the bears’ summer. GBP/USD pushed to 1.343 this week, extending a recovery that has carried sterling from 1.3143 in late June to within striking distance of the 1.35 handle it last touched in May. Against a surging dollar, that’s an achievement — and against the euro, it’s a rout, with EUR/GBP […]
The pound finally broke. GBP/USD plunged to 1.3143 on Monday — its lowest level since March — before stabilizing around 1.3200. From its mid-June levels near 1.3440, sterling has shed 300 pips in five sessions, and the speed of the move suggests forced liquidation rather than thoughtful repricing. What killed the sterling trade Three things, […]
Most retail traders ignore cross rates entirely. That’s a mistake, because EUR/GBP — quietly trading near 0.8640 this week — is one of the cleanest instruments in FX for reading what central banks are doing to each other. Why the cross matters Strip out the dollar and you’re left with a pure contest between the […]
GBP/USD is holding around 1.3526 this morning, calm on the surface, but the options market is pricing a busy couple of days. UK inflation data lands tomorrow, and for a currency that has rallied more than 6% since January, the bar for disappointment is low. Why the pound is vulnerable here Don’t get me wrong […]