Sterling scales two-month high versus greenback

Economies.com
2019-01-17 18:13PM UTC

Sterling rose in American trade to November 15 highs against dollar, following earlier data from Britain and the US. 

 

As of 05:49 GMT, GBP/USD rose 0.59% to 1.2961, with a two-month high at 1.2965, and a session-low at 1.2832. 

 

The UK Parliament scheduled another vote on an alternative Brexit plan for January 29. 

 

The British Parliament voted overwhelmingly to reject the Brexit deal with the EU set up by PM Theresa May, while still saving the PM from a no-confidence vote by a slight margin. 

 

Earlier US data showed unemployment claims fell 3 thousand to a total of 213 thousand in the week ending January 12, while continuing claims for the week ending January 5 rose 18K to 1.737 million. 

 

The Philly Manufacturing Index rose to 17 from 9.4 in December, beating estimates of 9.7 easily. 

Forex and Currency News

GBP/USD news

Forex

Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
EUR/USD news

Forex

Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Technical Analysis

Forex

The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...