GBP/USD Under Pressure as USD Outperforms - Fed, BOE and Brexit Loom
TALKING POINTS:
GBP Price Outlook: Brexit Fears Spike, British Pound Sinks
The Sterling came under renewed selling pressure in response to the latest Brexit development with PM Boris Johnson aiming to strengthen his hand and steer the UK closer toward no-deal by suspending Parliament.
GBP/USD: Pound Sterling Eyes Q2 GDP Amid Rising Brexit Risks
The British Pound faces major event risk with UK Q2 GDP data due for release Friday which looks to provide the latest health check on the British economy amid prolonged Brexit uncertainty.
GBP/USD Downtrend Targets March 2017 Low, No-Deal Brexit Fears Boil
The GBP/USD is now exposed to March 2017 lows over rising concerns over a “no-deal” Brexit. Ahead, the anti-risk Japanese Yan may look past the Bank of Japan for more prominent risk.
USD Uptrend Extends on GDP as GBP Suffers on Latest Brexit Woes
The US Dollar uptrend may extend after resistance was taken out on US GDP, Alphabet and Twitter earnings propelled the S&P 500 higher. GBP/USD is vulnerable to the latest Brexit woes.
GBPUSD Near-Term Outlook Bearish as US Dollar Gains, AUD May Rise
The Pound Sterling outlook turned more bearish after GBPUSD cleared support as the Dollar gained and the Euro weakened. AUDUSD may rise if the RBA downplays near-term rate cut bets.
British Pound Currency Volatility Could Collapse from Brexit Can-Kicking
Implied volatility measures for the British Pound plunged following the European Council's offer to delay Brexit again, but less uncertainty could provide GBP traders with a unique opportunity.
