Technical Analysis

Technicals Show More Upside For Rampant Pound (6B) Futures

Recent inflation trends mean the Dollar is weakening and the Pound is strengthening The world bank is calling for a recession this year Bulls are in full control as they target the point of control level at $1.3 Fundamentals Driving New Price Discovery With the recent inflation showing a reversal in trend, we are seeing Read More…

British pound futures
Fundamental Analysis

British Pound (6B) Futures Trim Losses as Optimism Stems from UK’s Budget

Dollar weakness after the US inflation report boosts the British pound futures. The UK economy shrank in September, signaling the start of a possibly long recession. Markets are awaiting the new budget by Jeremy Hunt. On Friday, the British Pound (6B) futures prices gained ground for a second day on expectations that the Federal Reserve Read More…

british pound futures 6b

British Pound (6B) Futures: British Economy to Seek Refuge On Tax Cuts

Britain will decide on its next Prime Minister in September. A new Prime Minister will adopt a different policy affecting pound futures. The BoE warned of a looming recession in the UK. The battle for the position of the prime minister of Britain is entering its last stretch, and the decision in September will likely Read More…

british pound futures 6b

British Pound (6B) Futures: Gains Capped amid Downbeat UK Business Activity

UK business activity fell less than expected in July. The probability of a 50-bps rate hike by the BoE has significantly decreased. UK consumer confidence is still at an all-time low. Today’s British pound (6B) futures outlook is bullish as investors expected a significant drop in business activity in the UK but were surprised by Read More…

British pound futures (6B)

British Pound Futures (6B) Recover After Hitting YTD Lows

The British pound fell for the third consecutive day on Monday due to a combination of factors. The dovish forecast by the Bank of England continued to pressure the pound downward. The Fed’s aggressive remarks about raising rates and the lack of risks boosted the safe-haven dollar. Although a significant recovery is unlikely, oversold conditions Read More…