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EURGBP - GBPUSD Ascending Triangle Points to 1.40

21-01-2021 01:09

GBPUSD ascending triangle points to 1.40 as per its measured move. The pair looks bullish here, providing it manages to close above resistance.

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Biden alone can’t change risk sentiment

We therefore feel the markets are in a holding pattern between the positives of Biden coming in and the rollout of the vaccine, and the negatives of new virus strains and increasing deaths. Pfizer’s ...

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Pound sterling testing local highs after inflation data

GBPUSD hit 32-month highs on Wednesday on a weaker dollar and was also helped by stronger-than-expected inflation in December.

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ECB set to stay on hold, despite tightening virus restrictions

This enthusiasm over a new stimulus program is likely to filter into a positive European open later this morning, after the Bank of Japan kept its own monetary policy decision unchanged, ahead of ...

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Pound Sterling gains as UK accelerated vaccine programme

UK is one of the first countries which starts a vaccination program in a race to contain the more contagious variant of coronavirus. The government aims to vaccinate 15 million people by mid February ...

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