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The Pound is falling

10 June 2021

Despite the weak “greenback”, GBPUSD is retreating. The British Pound is falling against the USD on Thursday afternoon. The current quote for the instrument is 1.4086. Investors are still monitoring the possibility of social restriction removal due to the pandemic in the United Kingdom but don’t seem to believe in it much. 

Another round of negotiations between the United Kingdom and the European Union in the Northern Ireland issue ended with nothing. London, as usual, is holding its ground, the EU is running out of patience, and everything is going in circles again. The alliance has leverage over the UK, for example, to optimize commercial tariffs and make them equal to tariffs of third-party suppliers. It would be a serious jab at the British business but the EU is speaking of it theoretically because any trading processes and cooperation work both ways. 

In addition to that, the European Union may stop cooperation with the United Kingdom on several other aspects. These negotiations are very exhausting and the alliance may really take such unpopular measures just to drive from the dead-lock.

The nearest interesting statistics from the United Kingdom will be available on Friday. The country is scheduled to report on the GDP, the Industrial Production, the Manufacturing Production, and the Construction Output for April. Some of them may help the Pound stop falling. 



GBPUSD Daily: Bulls are waking from their slumber

The Pound Sterling on the Daily time frame was in a down trend until 20 July, when a last lower bottom was recorded at 1.35719. After the bottom at 1.35719...

2 Aug 2021

The Pound rebounded from its 5-month bottom

GBPUSD is slowly recovering but the risks didn't go anywhere. The British Pound is successfully correcting against the USD. The current quote for the instrument...

22 Jul 2021

The Pound had to retreat

GBPUSD reversed once again and is currently retreating. The British Pound reversed to the downside against the USD. The current quote for the instrument is 1.3825...

15 Jul 2021

The Pound is growing despite inflation

GBPUSD is moving upwards on Wednesday despite the statistics. The British Pound is rising against the USD in the middle of the trading week. The current...

14 Jul 2021

The Pound is looking weak

GBPUSD continues falling; the greenback pressures too much. The British Pound is looking weak against the USD. The current quote for the instrument...

30 Jun 2021

The Pound is back to weakening

GBPUSD is falling after the BoE meeting. The British Pound is retreating against the USD before the weekend. The current quote for the instrument is 1.3912...

25 Jun 2021

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