Fundamental factors: The pound fell to a two-month low after Theresa May added to fears that Britain is heading towards “Brexit”. In the previous week, UK PMIs Pointed to expansion and beat their estimates, but the pound was unable to gain strength against Dollar. Dollar strengthening against Pound could drift the pair lower towards 1.1900/1.1185...

The post GBPUSD: Brexit Fears resume the downtrend appeared first on Forex Crunch.

The UK is now officially leaving the EU and the real games begin. We begin with this event and its impact on the pound, continue with an update on the French elections and continue to the concept of “clean coal” before previewing the first week of Q2. You are welcome to listen, subscribe, provide feedback...

The post Brexit Bad and “Clean Coal” – MM #140 appeared first on Forex Crunch.

Brexit  could hard, perhaps very hard, according to  reports in the British press.  While Downing Street might have wanted to keep the Brexit cards close to the chest,  the Sunday Times came out with an article saying that PM Theresa May is set to outline a vision for more sovereignty, more immigration control and thus...

The post GBP/USD dips under 1.20 on fears of May’s Brexit Speech appeared first on Forex Crunch.

The British pound could have enjoyed a rather healthy week, coming off from the previous week’s low of $1.2996, but the rally failed as prices soon tumbled by Friday’s session. GBPUSD closed this week at $1.2969 after failing to build up on the FOMC gains and of course BoE’s Kristin Forbes hawkish comments. BoE’s Carney...

The post Sterling stumbles on talks of Article 50 appeared first on Forex Crunch.

What can’t come up on good news, must come down. British Prime Minister Theresa May finally unveiled  her plans regarding Brexit. While the exact details await negotiations, we at least have a date to when those deliberations will officially begin: March 2017. Update: The slide extends all the way down to 1.2834. The pound ignores...

The post Brexit has a date: March 2019 – GBP/USD slides appeared first on Forex Crunch.

GBP/USD has reached new lows at 1.2633 as the free-fall continues. What’s next? The team at Deutsche Bank sees further falls on top of the Hard Brexit talk  and as Brexit has a date. Update: GBP/USD flash crashes under 1.20, jumps back to only 1.24 Here is their view, courtesy of eFXnews: While the market...

The post We Stay Bearish Sterling as Hard Brexit Has Become A appeared first on Forex Crunch.

Thin  liquidity + big downside pressure = flash crash. The British pound collapsed after the end of the US session and as Asian hardly began trading: only Australian and New Zealand were in play. A fat finger or just a run on stop losses? It doesn’t really matter. GBP/USD crashed quickly from around 1.26 all...

The post GBP/USD flash crashes under 1.20, jumps back to only appeared first on Forex Crunch.

Well,  the team at Credit Suisse had the vision, foreseeing the GBP flash crash. Cable crashed under 1.20 before bouncing to 1.24, but it certainly isn’t over. Here is their view, courtesy of eFXnews: Theresa May’s weekend decision to set an end-March 2017 target for triggering Article 50 sent shockwaves through markets and has propelled...

The post GBP: ‘Accident Waiting To Happen’; Turning More Bearish Sterling appeared first on Forex Crunch.

The  British pound flash crashed to 1.20 before bouncing to 1.24, but things are unstable, to say the least. The team at Goldman Sachs analyzes the downside potential for sterling: Here is their view, courtesy of eFXnews: We revised our forecasts for Sterling sharply lower in July, bringing in particular our 3-month forecast for GBP/$...

The post How Much Sterling Downside Ahead And Why? – Goldman appeared first on Forex Crunch.

When a currency cannot rise on good news, it falls on bad news. The pound is suffering from the political pounding. Article 50 will be triggered in March, and the negotiations will be tough. Sterling shrugs off positive indicators in fear of the future. Cable fell to a 31-year low, and it could extend its...

The post GBP/USD focus: More falls to come? [Video] appeared first on Forex Crunch.