British Pound/Singapore Dollar (GBP/SGD) Exchange Rate
GBP/SGD Pivot Points
GBP/SGD Latest Updates
Retail traders ignore data suggesting a more lengthy recovery, as evidenced in the acceleration of global risk-on sentiment,
Singapore is preparing for a post-Covid-19 economy, where consumer behavior will be changed, more employees opt to work from home
UK Prime Minister Johnson remains in intensive care, and First Secretary of State Raab has deputized the PM since Monday.
Singapore was one of the first countries to react to the Covid-19 outbreak, but initial success caused it to fall behind.
After this currency pair ascended to a fresh 2020 high, the oil price collapse on Monday resulted in a profit-taking sell-off.
UK economic data has consistently surprised to the upside since Prime Minister Boris Johnson secured an overwhelming majority in the House of Commons
After this currency pair spiked off of its ascending 38.2 Fibonacci Retracement Fan Support Level into its resistance zone, momentum failed to confirm the advance.
Downside pressure on the Singapore Dollar increased after the 2019 GDP came in at the lowest growth rate in ten years, at 0.7% annualized.
After the GBP/SGD completed a breakout above its support zone, the downtrend ended.
No-deal Brexit fears have eased after Nigel Farage announced that his Brexit Party will not contest any of the 317 seats the Conservative Party won in the last election
The GBP/SGD pair rose initially during the course of the day, breaking above the 1.90 level on Thursday.
The GBP/SGD pair initially fell during the course of the day on Wednesday, but we turn right back around to form a hammer. This is interesting considering that we had formed a shooting star on the previous session, and in my estimation it looks as if the 1.98 level is very resistive above.