Jan 26, 2021
GBP/USD eases below 33-month peak; broader outlook is bullish [Video]
GBP/USD is retreating somewhat after the pullback off the 33-month high of 1.3745 in the preceding week. Currently, the pair is flirting with the 20-day simple moving average, remaining well above the long-term uptrend line, which has been holding since May 2020. Read more…
GBP/USD volatility at lowest since March
Sterling volatility hovers at multi-month lows despite fears of new coronavirus strain in the UK and lockdown restrictions. One-month GBP/USD volatility is seen at 7.465%, having hit a low of 7.225% on Jan. 22, according to data source Reuters.
Prime Minister Boris Johnson warned on Friday that the new UK COVID-19 variant might be associated with a higher level of mortality. Further, the British government has extended lockdown laws to give councils the power to close pubs, restaurants, shops, and public spaces until July 17. Read more…
Bulls are ready to take back control as Britain gets a pay rise
Coronavirus crisis? Not in Britain’s labor market, which has shown resilience once again and may help sterling recover – at least while US stimulus talks continue.
The UK’s Unemployment Rate has edged up to 5% in November, below 5.1% expected and a low level also in absolute terms. The bigger surprise came from Average Earnings, which accelerated to an annual increase of 3.6% both when including and excluding bonuses. The more recent Claimant Count Change rose by 7,000, also exceeding estimates. Read more…
Courtesy of the Forex Mix