Forex Investment and Currency Trading

EURGBP has fallen from 0.9805 to 0.8696 in just over a month, so

Was the 0.9805 high on EURGBP the peak of a long term bull market that started in May 2000 instead of a relatively minor high?
Can we see EURGBP and EURUSD trade in opposite directions thereby potentially implying an aggressive rally in GBPUSD?

The analysis here leads us to think that the answer to the questions above is YES.
The last time EURGBP fell while EURUSD and GBPUSD rallied was from May 2003 when EURGBP peaked at 0.7255. What was going on in 2003?…

The last cycle low in interest rates saw the [...]

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Trading in cable presents its own set of challenges, because the pair is prone to sharp price movements and seemingly chaotic price action. But it’s exactly this type of price behavior that keeps the speculators coming back – when you’re right, you’ll know very quickly, and the short-term results can be significant.
Trading fundamentals of GBP/USD
The UK economy is the second largest national economy in Europe, after Germany, and the pound is heavily influenced by cross-border trade and mergers and acquisitions (M&A) activity between the United Kingdom and continental Europe. Upwards of two-thirds of UK foreign trade is conducted with EU [...]

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1) NO change and no statement – Bean, Sentence and Besley are still hawkish on inflation even with the worsening data – the 6bp that are priced into today are immediately pushed to the June meeting for a fully priced cut making next weeks array of data all the more important. Sterling will rally 75pts and then be sold off as the momentum has clearly shifted to the downside and the BOE is only delaying the inevitable and pushing the economy to the brink. 1.9650 was the support level – sell in front of there – will cover on a [...]

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GBP/USD – Focus shifts to resistance at 2.0314 after double bottom forms near 1.9724.
GBP/USD reached price target at 2.0150 today after the formation of a double bottom near 1.9724 halted a retracement phase. With 61.8% Fibonacci retracement of the February-March rally at 1.9757 also holding as valuations near oversold levels, support at 2.0015 and 1.9724 is expected to attract buying interest for a move to 2.0314. A daily close above this level would then target 2.0494.  2.0350 is establishing as the next price target.

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