Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD falls to the 1.3700 area but finds support to rise around 40 pips. Demand for the USD gains amid a slight shift in the risk sentiment. US 10-year yields have dropped below… Continue reading GBP/USD Price Drops to 1.37, Remains Rangebound Ahead of US Data
The EUR/GBP consolidates at 0.8420 ahead of the ECB interest rate decision to come out on Thursday. The day before, the EUR/GBP was closed at 0.8419 after reaching a high of 0.8437 and a low of 0.8401. The EUR/GBP fell for the second consecutive session on Tuesday, reaching its lowest level since February 2020.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. DXY marked a 5-day high yesterday but could not find acceptance around 94.00 and fell sharply. Yesterday’s gains were attributed to the weaker Euro against the USD, hawkish stance of FOMC, and rise… Continue reading DXY Price Analysis: Finds Rejection at 94.00 Ahead of US Data
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD fell below the 1.3800 level as the data revealed that consumer confidence dropped in October. Boris Johnson has threatened to trigger article 16, which will allow the protocol to be suspended if… Continue reading GBP/USD Price Forecast: Upward Channel Underpins at $1.3740, Ready for a Buy Trade?
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. UK Office for National Statistics revealed that headline sales fell by 0.2 percent in September, which was unexpected. Headline seasonally adjusted IHS Markit / CIPS Flash UK Composite Output Index was 56.8 in… Continue reading GBP/USD Slips to 1.3800 amid Dismal UK Retail Sales, PMI Surprises
