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Daily Financial Market News

Wed, 24 Jan 2018 08:46:21 Z

GBP/USD clinches fresh tops near 1.4060 ahead of UK jobs

GBP/USD clinches fresh tops near 1.4060 ahead of UK jobs Skip to main content Follow us on: | FXStreet Blog |    Newsletter MENU Show navigation FXStreet FXStreet - The forex market Home RATES & CHARTS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels New Technical Confluences EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News Latest News Institutional Research EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis Latest Analysis EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Cryptocurrencies New Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar Economic Calendar Interest Rates Market Hours Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Cryptos Live Video Latest Live Videos Shows Schedule Become Premium Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers Forex Brokers Broker News Broker Spreads Home RATES & CHARTS TOOLS Live Chart Trading Positions Forecast Poll Rates Table Technical Levels Technical Confluences ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD GBP/JPY EUR/JPY Dollar Index Gold Oil SP500 News LATEST FOREX NEWS Latest News Institutional Research LATEST NEWS BY ASSETS EUR/USD GBP/USD USD/JPY AUD/USD NZD/USD USD/CAD USD/CHF EUR/GBP Dollar Index Commodities Bonds Equities Analysis SECTIONS Latest Analysis EDITORIAL SELECTION EUR/USD GBP/USD USD/JPY AUD/USD USD/CAD Dollar Index Oil Gold Stocks Commodities Bonds Cryptocurrencies Support and Resistance Elliott Wave Cycles Sentiment Economic Calendar TOOLS Economic Calendar Interest Rates Market Hours TOP EVENTS Nonfarm Payrolls Fed BoC ECB BoE SNB BoJ RBA RBNZ Cryptos Live Video SECTIONS Latest Live Videos Shows Schedule Become Premium MOST POPULAR COACHES Ed Ponsi Giuseppe Basile Sarid Harper Alex Ong Sam Seiden Steve Ruffley Rob Colville Nenad Kerkez Gonçalo Moreira Navin Prithyani David Pegler Walter Peters Education Brokers SECTIONS Forex Brokers Broker News Broker Spreads ; NEWS | 60 minutes ago GBP/USD clinches fresh tops near 1.4060 ahead of UK jobs By Pablo Piovano The Sterling remains well bid this week and is now lifting GBP/USD to fresh daily highs in the vicinity of 1.4050. GBP/USD up on USD weakness Cable is advancing for the third session in a row on Wednesday, navigating levels last seen in June 2016 in the mid-1.4000s and always against the backdrop of a renewed and strong bearish sentiment surrounding the buck. In fact, recent trade-related news involving President Trump’s tariffs on washing machines and solar panels seems to have accentuated the selling bias around the US Dollar, prompting the US Dollar Index (DXY) to test fresh multi-year lows in sub-90.00 levels. Today’s UK calendar highlights the labour market figures for the month of December, where the unemployment rate is expected to remain at 4.3%. GBP/USD levels to consider As of writing, the pair is gaining 0.34% at 1.4051 facing the next up barrier at 1.4062 (high Jan.24) followed by 1.4399 (200-week sma) and finally 1.4770 (high May 3 2016). On the other hand, a breach of 1.3848 (10-day sma) would aim for 1.3675 (21-day sma) and then 1.3457 (2018 low Jan.11). 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RELATED TOPICS GBPUSD LATEST NEWS Filter by topic in News Results GBP/USD clinches fresh tops near 1.4060 ahead of UK jobs FXStreet | 60 minutes ago Draghi’s speech: APP have not led to statistically significant EUR exchange rate movements FXStreet | 60 minutes ago USD/CAD slips below 1.2400 handle FXStreet | 08:36 GMT   Germany Markit Manufacturing PMI registered at 61.2, below expectations (63) in January FXStreet | 08:32 GMT Germany Markit Services PMI above expectations (55.6) in January: Actual (57) FXStreet | 08:32 GMT Germany Markit PMI Composite came in at 58.8, above expectations (58.6) in January FXStreet | 08:31 GMT   UK: Less noise helping the ‘trashy’ pound clean up its act; wage data today - ING FXStreet | 08:06 GMT   Eurozone PMIs and UK employment in focus today – Rabobank FXStreet | 08:03 GMT France Markit Services PMI came in at 59.3, above forecasts (58.9) in January FXStreet | 08:01 GMT   France Markit Manufacturing PMI below forecasts (58.7) in December: Actual (58.1) FXStreet | 08:01 GMT France Markit PMI Composite came in at 59.7, above forecasts (59.4) in January FXStreet | 08:01 GMT South Africa Consumer Price Index (MoM) meets forecasts (0.5%) in December FXStreet | 08:01 GMT South Africa Consumer Price Index (YoY) meets forecasts (4.7%) in December FXStreet | 08:01 GMT   EUR: Rally starting to feel a bit long in the tooth, but ECB can’t alter the trend - ING FXStreet | 08:00 GMT Gold jumps back to 4-month tops on weaker USD FXStreet | 07:59 GMT UK unemployment rate likely to be unchanged at 4.3% - Danske Bank FXStreet | 07:48 GMT When are the UK Jobs and how could they affect GBP/USD? FXStreet | 07:36 GMT   Markets: Pre-crisis redux - AmpGFX FXStreet | 07:30 GMT GBP/USD strengthens, EUR/GBP stabilised – Danske Bank FXStreet | 07:27 GMT UK Trade Sec Fox: open to some form of customs union with the EU - BBC FXStreet | 07:27 GMT Load More content ... ©2018 "FXStreet" All Rights Reserved FXStreet Blog Site Map Terms and conditions Contact us Advertise with us Languages Edition Spanish Italian Indonesian Portuguese Japanese Traditional Chinese Simplified Chinese Russian French Arabic Deutsch Hungarian Turkish Vietnamese Catalan Korean Disclaimer Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. 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