GBP/USD

The Bank of England will be meeting today for its monthly monetary policy meeting. According to the economists polled, the BoE is expected to keep the interest rates unchanged at 0.25%, while also maintaining its asset purchase program at 435 billion GBP.

The British pound has given up the gains since July's highs of trading above the 1.3200 handle. After steadily declining to 1.2800, the currency pair is attempting another leg to the upside. However, this brief correction is unlikely to materialize with a bullish trend.

Brexit was back in focus on the second trading week of the year as GBPUSD is currently seen trading 0.87% lower on the day, extending the declines from last Friday. The U.S dollar remained strong after Friday's payrolls report showed a strong uptick in average hourly earnings.

The UK's Office for National Statistics (ONS) will be releasing the monthly inflation report for the nation today. The economists polled expect that UK's consumer prices are likely to rise 1.1% in November.

GBP/USD could move higher by the end of the trading day

The hawkish attitude of the Governor created strong upside movement.

The GBP/USD pair is consolidating within recent ranges preparing for a move tomorrow.

The GBP/USD pair has marked a new one month high on Wednesday, but we feel that it is not going to be able to sustain momentum.

GBP/USD is getting into consolidation mode as the Eurogroup meeting is taking center stage in the financial markets today.

The British pound appears to be heading lower for the time being, but the Federal Reserve minutes are around the corner

The British pound could stage a two day rally against the US dollar.

The latest negative batch of UK Retail Sales data didn't affect the British pound much.

The British pound is likely to fall further if key support levels are broken and it can happen rather swiftly.

The GBP/USD pair is more likely to continue lower, but only if certain conditions are met beforehand.

GBP/USD has broken the resistance at 1.7125 we advise you to buy daily calls from current levels of 1.7150.

In annual terms, the UK economy grew in the first quarter by 3.0%, the fastest pace since 2007. Meanwhile, the Bank of England Governor Mark Carney said that rate is unlikely to return to the level of 5%, but we can assume that it will rise to 2.5% by the first quarter of 2017.

The British pound has been performing strongly as of late, we are of the opinion that this performance could continue in the coming days.

The British pound is consolidating, however we see ample possibility for it to continue its move higher in the aftermath of the UK labor data release at 08:30 GMT today.

The pound is consolidating its recent move and could be out of the ranges soon. A trigger could come tomorrow with so much economic data on the line.

The pound has been hammered after weak retail sales, but quickly recovered to put the upside to the test.