GBP Daily Fundamental Analysis

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British pound exchange rate movements on European session on Thursday (29/9) again depressed despite early trading on Asian session opened higher. Pound still can not be lifted despite the positive sentiment and GBPUSD pair tried to lift economic data this afternoon.

European markets opened after the Bank of England (BOE) reports on the status of consumer credit and mortgage lending rate period of the country in August. BOE report consumer credit increased significantly.

Pound exchange rate movements in the European session (10:20:35 GMT) weakened against US dollar, after the price of this pair opened higher than the previous trading at 1.3017 in early Asia session (0000 GMT), the exchange rate pound fell 16 pips and the pair rolling value is at 1.3001 ,

For the next trade until the close of American session ending tomorrow morning, it seems that GBPUSD will continue to fallto the range between 1.2977 - 1.2948. But if there is a correction, the pair may rise again reach the new range of 1.3061-1.3090.

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British pound exchange rate movements in European session on Friday (30/9) after the UK Office for National Statistics (ONS) report some important data to bounce back after being depressed on early European session. With the new power of the data - economic data post Brexit making steady pair GBPUSD rebounded strongly in September though the end of trading on a monthly basis is still weakening.

ONS report quarterly economic data second quarter of this year increased from the previous quarter and expectations. The data such as data current account, GDP, the performance of the services sector and investment in UK businesses. The consolidation of these data to estimate the market earlier post Brexit alarming.

Pound exchange rate movements in the European session (10:20:35 GMT) strengthened against US dollar, after the price itself opened lower than the previous trading at 1.2964 in early Asia trade session (0000 GMT), the exchange rate of GBP rose around 6 pips and the pair's rolling value is actually at 1.2970.

For the next trade until the close of trading at the end of American session tomorrow morning, It estimated that GBPUSD pair will continue to rise to the range between 1.2996 - 1.3078. But if there is a correction, the pair may fall again towards the range between 1.2928-1.2902.

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Pound exchange rate movements on early European session (08:00:35 GMT) moves negatively against US dollar after the price opened lower at 1.2933 in early trading (0000 GMT), the exchange rate of pound observed fall around 94 pips and the rolling values is at 1.2861. Pair has reached strong support.

Pound's movement on Europe session seems to be weaker and continue the trend since previous trading by the attitude of British government which will announce officially out of EU at the end of March 2017. In addition, the pair will be weakened if the Markit manufacturing data in September show a decline in the result.

Technically GBPUSD could fall again into the range between 1.2837-1.2788, however if the correction happened to this pair then the price would rise towards the range between 1.2955-1.3035 . So it could be argued that the normal range of GBPUSD is estimated to have support level at 1.2865 and resistance level at 1.3086.

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Pound exchange rate movements on the early European session (06:15:35 GMT / 134.15 WIB) move negatively against US dollar after the price is opened higher at 1.2843 in early trading, fall down around 4 pips and the rolling value of GBPUSD in this session is at 1.2822. Pair almost transparent range of strong support.

Pound continue its weak movement on EU session earlier by fundamental weakness of the currency after Theresa May set time for UK exit release statement from the European Union, namely in March 2017. The movement today will receive negative sentiment from Markit data reported to the state construction business performance.

Technically GBPUSD will fall down again to the range of 1.2805-1.2774, but if it fails to reach around that range then correction may happened and the pair will rise towards the range between 1.2874-1.2910. so the analyst suggests that the range of normal pair for GBPUSD today estimated to have the support level at 1.2749 and the resistance level at 1.3025.

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Pound exchange rate movements on early European session (06:15:35 GMT / 13:15 GMT) moves negatively against the US dollar after opening lower at 1.2729 in early trading (0000 GMT), the pound exchange rate fell by 34 pips and rolling values are at 1.2695.

Pound on the beginning of the European session before moving weak was gained majority of gains on Asia session. Strong force come from Markit PMI service data estimates which are still optimistic sentiment beat Brexit time that set by Theresa May. But when the London session opened, the market will not hesitate to data from Markit way that makes the pair stressed enough. But in the evening session may be lifted if the US data the dollar weakens.

Technically GBPUSD can rise to the range between 1.2771-1.2822 if the pair fails to fall in the range between 1.2660-1.2630 which act as support. So it could be argued that the normal range for GBPUSD pair is estimated to have the support level at 1.2607 and the resistance level at 1.2903.

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Pound movement on European session on Thursday (6/10) tried to rebound by the execpectations of the market for US jobless claims data which has dissapointing release in the late night sessio. But the fundamental weakness of the pound post Brexit were echoed by British Prime Minister a few days ago made the pace of this afternoon was still weak. Pound exchange rate could rise if US data are determined to be in line with expectations.

Pound exchange rate managed to rebound from the selling pressure for 5 consecutive days by weak UK currency's fundamentals. Rebound's power performance obtained from the country's private sector as reported by PMI Markit's data services in September which rose to 52.6 index points, the value of which is higher than the economists' expectations for a weakening at 52.1 out of period of the previous month at 5.9.

Pound exchange rate movements in European session (08:30:35 GMT) weakened against US dollar, after opened lower than the previous trading at 1.2747 in early Asian trade (0000 GMT), the exchange rate pound fell 17 pips and the pair rolling in the position of 1.2730.

For the next trade until the close of American trading session tomorrow morning, analyst estimates that pair GBPUSD will go up to the range between 1.2771 - 1.2820 and if the correction does not penetrate on European session then this pair will fall to the range between 1.2678-1.2632.

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Pound exchange rate movements on early European session (07:45:35 GMT / 14:45 GMT) moves negatively against US Dollar after the price opened lower at 1.2617 in early trading (0000 GMT), the exchange rate pound fell 191 pips and roll values are at 1.2426. Pair already passed a range of support.

The pound tumbled on Asian session deep enough to fall 10%, but picked up again but is still at its lowest in 31 years. Although there are strong economic data as the driving force, but the US NFP data release on the evening sessions can be dropped a pound deeper to the lower level.

Technically GBPUSD could fall again into the range between 1.2330-1.2011, however if the pair fails to fall then it could rise to strong resistance range. So it could be argued that the normal range of GBPUSD pair is estimated to have the support level at 1.2379 and the resistance level at 1.2859

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Pound movement on European session in this Monday (10/10) rebounded after the price of this pair falling last two trading days in a row amid resurgent US dollar against many of its rivals. Since the beginning of the Asian session British pound exchange rate is still hit by the adverse events that occurred in Asian trade Friday.

Before the British currency has been pressured by Hard Brexit sentiment echoed by British Prime Minister Theresa May earlier this week that made pair GBPUSD moves in the red zone. Pound exchange rate movements in European session strengthened against US dollar, after the price opened lower than the previous trading at 1.2401 in early Asian trade, the exchange rate pound rose around 27 pips and the pair rolling value is at 1.2428.

For the next trade until the close of trading which is the ending of New York session tomorrow morning, i think that the price of this pair will estimated to be bullish and will rise up to the rnage between 1.2478 - 1.2574. But if it does not reach the range, it can only go down again to the range between 1.2334-1.2297.

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Exchange rate of British pound in European trading session on Tuesday (11/10) weakened against US dollar by the strong sentiment after Brexit market considerations. The negative sentiment is getting stronger as reported by the leaking of government documents that wrote the UK will experience a loss of tax revenue of £ 66 billion, or approximately US $ 81 million per year if the country out of the EU.

 

The movement pounds last few days is very distressed by this Brexit sentiment especially early last week British Prime Minister Theresa May announced a time for the British government to take care of the process of the release of the UK from the European Union more rapidly in March.

 

Pound exchange rate has fallen to 5 percent responded Brexit sentiment that was out previously. Pound exchange rate movements in the European session (08:45:35 GMT) weakened against US dollar, after the price opened lower than the previous trading at 1.2363 in early Asian trade (0000 GMT), the exchange rate pound fell around 66 pips and the pair rolling in the position of 1.2297 ,

 

For the next trade until the close of American session tomorrow morning, analyst estimates GBPUSD will go down to the range between 1.2237 - 1.2176. But if it does not reach the range, it can only go up or ascend again towards the range of 1.2391-1.2487.

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After the fall of Poundsterling's quick monumental, other key-exchange could be dragged. Team of Credit Suisse made possible scenario downfall of EUR / USD. Credit Suisse has long worried about the tension between the United Kingdom versus the EU could become a big problem in 2017. 

Especially if they highlight a split within the other members of the European Union which will go into the general election With the GBP suffered severe blow for divorce in France and Germany in the coming year. EUR can not deny its failure to maintain a previous "marriage".

Italian referendum which will take place on December 4th is another key factor to consider, with the latest poll results show sound "No" is leading. Besides, the problem of European banks such as Bank Deutch kept peeking.

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British pound in the European trading session continued the difficulty of rallies on 2 consecutive days before, after all the fundamental driving force for British currency is very weak today. Pound until the American session tonight under pressure from some of the momentum that amplify signals Fed rate hike in December.

On previous session, GBP managed a strong opponent of US dollar received a strong sentiment of the attitude of British prime minister Theresa May that included parliament the country in the process Brexit. Pound exchange rate movements on European session weakened against US dollar, after price opened lower at 1.2253 in early Asian session, the pound exchange rate fell by 13 pips and the pair is at 1.2240.

For the next trade until the close of trading in the end of US session tomorrow morning then the analyst estimates that GBPUSD pair will go down to the range in between 1.2152 - 1.2044. But if it does not reach that range then it may rise towards the range between 1.2272-1.2346 or even higher

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British pound in the early European trading session the week rebounded utilizing experienced profit taking US dollar against all major rivals, but is limited by the fundamental factor during the American session later.

 

For the strength of sterling itself still rests on sentiment attitude of the British prime minister Theresa May involving Parliament in the process Brexit the country next year. Fed rate hike but sentiment still dominates the global market sentiment last month. Pound exchange rate movements in the European session (11:15:35 GMT) weakened against the US dollar, after opening lower at 1.2156 in early trading Asian session.

 

For the next trade until the close of trading ending the American session which is tomorrow morning, analyst estimated that this GBPUSD pair will fall down to the range between 1.2136 - 1.2095 but if the pair does not reach that range will rise to between 1.2214-1.2267 range.

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After the Office for National Statistics announced solid rise in inflation data of United Kingdom, the British pound exchange rate on European trading session Tuesday (18/10) managed to continue its gains against the US dollar that began earlier trading. Workers rally pound has made a pair GBPUSD surged to 6 days.

 

According to the ONS, the inflation grew 1% on an annual basis in September, compared with analyst expectations for a 0.9% rise and a 0.6% rise in August. On a monthly basis, inflation edged 0.2% higher, in line with expectations and slightly below the 0.3% rise recorded in the previous month.

 

Pound exchange rate movements on European session strengthened against the US dollar, after the price of this pair opened higher than the previous trading which located at 1.2184 in early trading Asian session (0000 GMT), the exchange rate pound rose 85 pips and the price of this pair rolling value is at 1.2269 .

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates that GBPUSD pair will continue to rise to the range between 1.2317 - 1.2365. But if it does not reach the range of the pair can be slid back into the range between 1.2207-1.2128.

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After the Office for National Statistics (ONS) on Tuesday (18/9) announced encouraging data for the inflation rate of the country, on Wednesday (19/10) again announced the UK labor market performance is passable. Responding from the ONS announcement, GBP on European session attempt to rally despite efforts intercepted profit-taking market.

 

ONS announced the United Kingdom the number of unemployed rose 10,000 to 1.66 million in the quarter to August, but the overall unemployment rate remained unchanged at 11-year low of 4.9%. The rise in the number of UK unemployment in September was the same as the previous month period.

 

Pound exchange rate movements in European session strengthened against the US dollar, after the price of this pair opened higher than the previous trading which is located at 1.2297 in early trading of Asian session (0000 GMT), the exchange rate pound rose 11 pips and the pair is rolling are at 1.2308.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates GBPUSD pair will continue to rise to the range 1.2345 - 1.2471. But if it does not reach the range of the pair can be slid back into the range of 1.2245-1.2188.

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After the Office for National Statistics (ONS) in the last 2 days of economic data announced impressive financial market players globally, but on Thursday (20/10) published data that helped weaken the exchange rate of pounds to European trading session. Since the beginning of Asian session the pound had a negative move continued the previous trading channels.

 

Also on this night do the EU summit for 2 consecutive days, where the British are still present at the meeting represented the British prime minister Theresa May. In the meeting, Theresa will describe his thoughts on Brexit process will be conducted in April 2017. This meeting is expected to provide fundamental improvements pounds. ONS data published today in the form of data retail sales were still below expectations.

 

Pound exchange rate movements in European session weakened against US dollar, after the price opened lower than the previous trading in the position of 1.2285 in early trading Asian session (0000 GMT), the exchange rate pound fell 17 pips and the pair is rolling are at 1.2268 position.

 

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates pair GBPUSD will fall again and to the deeper current price level or towards the range between this support which is at 1.2237 - 1.2187. But if there is a correction to climb back into the range of 1.2306-1.2345.

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Entering European Session this weekend, the pound was a positive move, but trimmed back to continue trading weaker track two days earlier after the UK Office for National Statistics (ONS) report data conditions PSNB (Public Sector Net Borrowing) tidakj as expected.

 

ONS report the number of British government borrowing from the public sector in September bigger than expected decline in the data from the previous period. If this data is greater than expected, the pound will weaken the exchange rate, as well as vice-versa.

 

Pound exchange rate movements in the European session (09:00:35 GMT) weakened against the US dollar, after the price of this pair opened  lower than the previous trading at 1.2255 in early trading Asian session (0000 GMT), the exchange rate pound fell about 25 pips and the pair is rolling are at 1.2230.

 

For the next trade until the close of New York/America session tomorrow morning, analyst  estimates that GBPUSD pair will continue to fall to the range between 1.2209 - 1.2141. But if there is a correction, technically GBPUSD will climb back to the range between 1.2274-1.2325.

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Pound exchange rate movements towards the end of the Asian session moves negatively and affect the movement agains US dollar after the price of this pair opened lower than previous trading at 1.2222 in early trading (0000 GMT), the pound exchange rate is now falling down around 21 pips and the pair is rolling at 1.2201.

 

Entering the earling trading last week in this October, Pound is still not able to rebound although it is fundamentally has minor positive sentiment in the European session. The strong sentiment Fed rate hike is still dominating the market so that Great Britain Pound exchange rate is expected to return under pressure.

 

Technically GBPUSD will go down again towards the strong support and a break-up down to the weak support at 1.2060. But if there is a correction, the pair may rise to strong resistance range. So the normal range for GBPUSD pair is estimated to have the support level at 1.2060 and the resistance level at 1.2331.

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Pound exchange rate movements towards the end of Asian session moves negatively against US dollar after GBPUSD price opened lower at 1.2238 in early trading (0000 GMT), the pound exchange rate is now fal down about 14 pips and the pair is rolling at 1.2224.

 

Pound fall down on Asia session thanks to profit taking after earlier trading gain strength, pressure from economic data released yesterday showed negative data for the CBI industrial order. Besides reporting the major banks in the UK will pull out of the country due to conditions of Hard Brexit. And the whole day there was minimal strong fundamental data that more closely follow the US dollar sentiment.

 

Technically GBPUSD seems to fall down to the strong support and a break-up down to the weak support at 1.2116. But if there is a correction, the pair may rise to the range between 1.2254-1.2280. So the normal range for GBPUSD pair is estimated to have the support level at 1.2116 and the resistance level at 1.2308

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Entering the European session forex trading whichh has fundamentally weak pound responds to the political situation of the UK post Hard Brexit managed to strengthen against the US dollar. Pound gained strength from hawkish statement in front of the British parliament and also the latest data from the British Bankers Association.

Carney signaled is too dangerous for the British economy if the BOE ease monetary policy quickly. While the latest data from which BBA mortgage aprovals which showed an increase in the data from the previous month period.

Pound exchange rate movements seems to weakened against the US dollar, after the price opened lower than the previous trading at 1.2188 in early trading on Asian session (0000 GMT), the exchange rate pound rose about 18 pips and the pair is rolling are at 1.2206 position.

For the next trade until the close of trading ending the American session tomorrow morning, analyst estimates GBPUSD pair will continue to rise to the range between 1.2234 - 1.2320. But if there is a correction will fall back into the range between 1.2152-1.2087.

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British pound exchange rate forex trade the European session on Thursday (27/10) managed to erase losses incurred since the Asian trading session after a strong rebound in print. Energy gained pounds for the rest of weakening the existing trim and also took the winning track against the dollar resulted from the release of UK GDP data for the third quarter prelim 2016.

 

British national statistics office (ONS) announced the country's economic growth during the third quarter and far worse than expected after Brexit market last June. ONS report Q3-2016 GDP prelim data on the natural increase of 0.5%, a figure that exceeds the expected decline although lower than the previous period.

 

Pound exchange rate in this European session strengthened against the US dollar, after opening flat from the previous trading position at 1.2244 in early Asian trade (00.00 GMT), the exchange rate pound fell about 12 pips and the pair is still at 1.2232 ,

 

For the next trade until the close of American session tomorrow morning, analyst estimates GBPUSD pair will rise steadily to around 1.2279 - 1.2341. But if there is a correction back and went back down to the range of 1.2193-1.2109.

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The revival of US dollars in the early European session trading make many of its main rivals after a weekend retreat natural attenuation print. Likewise against the British pound, US dollar hit the GBP that had received the power of projection BOE still not trim interest rates in their monthly regular meeting this week.

 

Last week USD may collapsed from the highest peak after the FBI  will investigate US Presidential candidate Hillary Clinton Email when he served as secretary of state. This sentiment is not only made the price of US dollars dropped but also Gold price.

 

Pound exchange rate movements in the European session weakening against the US dollar, after price opened lower than previous trading at 1.2178 in early trading Asian session. For the next trade until the close of trading ending, GBPUSD pair will continue to fall to the range 1.2141 - 1.2057. But if there is a correction back and up into the range of 1.2220-1.2253.

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British pound exchange rate that could retreat on Asian session by profit taking after the market rallied for two days straight, going back and trying to continue its rally. Pound receive power from the news statement Bank of England governor (BOE) Mark Carney. Last week was widely reported that Mark Carney will resign from his post as governor of the Bank of England in 2018 after Brexit, and this is very worrying financial situation British market that would leave the EU. But Carney who served as Governor of the BOE since 2013 replaces the previous official Mervyn King, announced his resignation in 2019.

The strengthening Pound in the European session this afternoon overshadowed by the negative sentiment of the release of United Kingdom PMI manufacturing data in October, lower than the previous period, so the potential to retreat back. Moreover, during the American session there is a strong sentiment that lifted the US dollar higher.

Pound exchange rate movements seem strengthened against the US dollar, after the price of this pair opened higher than the previous trading at 1.2246 in early trading of Asian session (0000 GMT), the exchange rate pound was rise about 5 pips and the pair still in position 1.2251. For the next trade until the close of trading ending the American session tomorrow morning, GBPUSD will go down again to the range 1.2196 - 1.2093.

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British pound which had rallied for four consecutive days, back in the rally entered the Asian session on Thursday (3/11) receiving sentiment monetary policy BOE which will be announced tonight. But in the middle of the European trading session sped by the UK High Court decision.

 

The high court announced the relic United Kingdom of the European Union should be decided by the country's parliament. So any process-by-process implementation Brexit first discussed in parliament before the government execution. This news weakened the sentiment hard brexit happened by the attitude of Prime Minister Theresa May who has been pressing the pound.

 

Pound exchange rate movements in the European session observed to strengthened against the US dollar, after this pair's price opened lower than the previous trading in the position of 1.2302 in early trading Asian session (0000 GMT), the exchange rate pound rose around about 14 pips and the pair is still in a position 1.2416. For the next trade until the close of trading ending the American session tomorrow morning, analyst estimated GBPUSD will go up again to the range 1.2455 - 1.2481.

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Pound exchange rate movements in the European session (07:15:35 GMT) moving strongly against the US dollar, after the price opened lower at 1.2459 in early trading, and is now rolling at 1.2468 GBPUSD.

Pound on thie European session is still capable of driving with a moderate force, reinforced by strengthening trade sentiment previous UK High Court decision on the process of the stages Brexit decided by the British parliament. But it is feared ahead of the US session down again by the strong sentiment in October US NFP data

Technically GBPUSD will go up to the range of 1.2487-1.2599, but if it is not up to the range, it can be a correction down towards the range of 1.2441-1.2320. So the normal range of GBPUSD pair is estimated to have the support level at 1.2132 and the resistance level at 1.2683.

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One of the private banks in Britain, Halifax Bank of Scotland report data on the development of house prices in the country increased for previous October.  Data which is one of the strong driving pounds less strong positive sentiment for the pair GBPUSD rate that has been depressed since the beginning of trade.

 

British pound exchange rate that has been rallying for six consecutive days exhibited significantly fallen considerably at the beginning of the Asian session after the previous day FBI announced positive developments in the case of US Presidential candidate Hillary Clinton.

 

Pound exchange rate movements weakened against the US dollar, after opening lower at 1.2452 in early trading on Asian session, the exchange rate of Pound fell 53 pips and the pair is still at 1.2399. For the next trade GBPUSD will go down again to the range 1.2362 - 1.2291.