Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD remains supported amid BoE rate hike bets. Fundamental data shows signs of recovery from the pandemic. Consumer confidence and the jobs market have appeared with progressive signs. Fedspeak and ECB are further… Continue reading GBP/USD Price Analysis: Failed to Boost Above 1.35 Despite Retail Sales, BoE
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The GBP/USD rose strongly on Wednesday amid growing expectations of an imminent BoE rate hike. An additional boost to the pair was provided by the USD’s plunge from a 16-month peak. Amidst Brexit… Continue reading GBP/USD Outlook: Bulls Boiling up Near 1.35 amid Hawkish BoE
On Wednesday, investors’ primary focus will stay on the UK inflation figures, which are expected to rise from 3.1% to 3.9%. The most recent UK employment figures reinforced bullish expectations for the Bank of England’s (BOE) forthcoming moves.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. The GBP/JPY pair rose for the third consecutive day and hit over one-week highs. The BoE remained supportive of a rate hike move backed by positive UK employment data. As Brexit worries mounted,… Continue reading GBP/JPY Outlook: Turns Positive After Upbeat UK Jobs Data, Aiming at 154
The GBP/USD pair has seen some bearish bias during the early European session, but there was no follow-through. The GBP/USD price forecast remains bearish, although it has managed to stay above the 1.3400 barriers so far.
The EUR/GBP closed at 0.8532 after reaching a high of 0.8565 and a low of 0.8525 on Friday. On the 4-hour timeframe, the EUR/GBP price forecast seems bearish as it has already violated the symmetrical triangle pattern. For now, the major focus will remain on the UK Inflation figures on Wednesday.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD price remains slightly positive on the day. Strong US inflation signals that Fed can hike rates sooner than later. Looming Brexit concerns are also weighing on the pound. The GBP/USD price re-established… Continue reading GBP/USD Price Recovery Stalls at 1.34 amid Brexit, Awaits US Data
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. EUR/GBP bulls remain cautious as UK GDP data is released. US CPI, US dollar dominate headlines, risk-averse sentiment prevails. As the EUR/GBP trades mildly, forex traders are looking at broader macros. The EUR/GBP… Continue reading EUR/GBP Price Analysis: Bulls Pause at 0.8550 After Poor UK GDP
On Wednesday, the GBP/USD pair is trading with a neutral bias at the 1.3561 level. It’s tossing between a narrow trading range of 1.3592 – 1.3532 level ahead of the US inflation figures.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/JPY stays negative near the 153.00 handle following strong JPY. Fed’s shrinking and shuffling pose a concern for the risk sentiment. The pound seems slightly under pressure amid Brexit concerns. The GBP/JPY price… Continue reading GBP/JPY Price Analysis: Bears to Dominate amid Brexit, Treasuries
