May 23rd 2019: Pound Continues Losing Run As May On Bring
May 23, 2019 7:11 amVideo
Latest News
- Outlook for EUR/USD on April 15. The euro is already falling for no apparent reason! April 15, 2024
- Trading plan for GBP/USD on April 15. Simple tips for beginners April 15, 2024
- Trading plan for EUR/USD on April 15. Simple tips for beginners April 15, 2024
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
Morning Report: 07.00 London
This morning, the British pound is extending its record losing run against the euro as May’s Premiership teeters on the brink. The EUR/GBP reversed early losses yesterday, with follow-on buying today as the pair holds above 0.8800. The GBP/JPY is firmly below 140, while the GBP/USD continues to slide, sitting below 1.2700.
Away from the pound, the US dollar is continuing its winning streak, forcing dollar pairs lower. The AUD/USD is set to challenge the lows, while the EUR/USD is lower and challenging support at 1.1150.
The USD/CHF remains rangebound, with the 1.0100 level acting as a price magnet.
Yen pairs are mixed, with the USD/JPY higher after yesterday’s selling. The AUD/JPY is unchanged below 76.00, with the EUR/JPY stuck below 123.00.
Coming up today
Today, a series of European Manufacturing and Services flash PMI from 07.15, starting with French data at 07.15, German data at 07.30 and European data at 08.00.
The ECB monetary policy meeting accounts are at 11.30.
Trade Idea
The pound’s selling could get worse before it gets better, making higher levels likely for the EUR/GBP.
A good way to play this is a ONE TOUCH trade predicting that the EUR/GBP will touch 0.8900 within 7 days for a potential return 114%.
Related Posts: