The GBP/USD price forecast remains bullish; however, the overbought pair seems to exhibit bearish correction until 1.3335. The day before, the GBP/USD was closed at $1.3386 after placing a high of $1.3422…
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 exchange rate retreats from a one-month high and remains close to a low within the day. This market mood is influenced by a bright calendar and a festive mood. Brexit problems,… Continue reading GBP/JPY Price Analysis: Falls to 153 as Omicron News Fade Optimism
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 pair gained strong positive momentum for the third day in a row on Thursday. The pound gained strength when concerns about Omicron were eased. Any further gains ahead of the US… Continue reading GBP/USD Price Analysis: Fresh Monthly Highs Above 1.34 Before US Data
On Wednesday, the EUR/GBP pair was trading with a bearish bias at the 0.8489 level amid weaker UK final GDP figures. The day before, the EUR/GBP closed at $0.8501 after hitting a high of $0.8550 and a low of $0.8500.
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 gained momentum on Tuesday after a two-day losing streak. Due to risk dynamics, the US dollar’s position as a safe haven was undermined, and the major currency rallied. In the midst… Continue reading GBP/USD Price Jumps Above 1.3250, Stays Rangebound
The GBP/USD price forecast seems bearish as the pair has plunged to retest the support level of $1.3175. Previously, the GBP/USD closed at…
The BoE has become the world’s first major central bank to do so since the coronavirus pandemic wreaked havoc on the global economy. BoE also warned that inflation was expected to touch 6% in April, three times its goal level.
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. GBP/USD failed to gain significant support and remained in a narrow range. Furthermore, the upbeat UK retail sales data failed to inspire traders or provide any incentive. Bulls were held back from aggressive… Continue reading GBP/USD Forecast: Rangebound Above 1.33 Despite Upbeat Uk Data
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Fed’s cautious stance provides respite to the Sterling. Brexit optimism continues to lend support to the GBP/USD. All-time high inflation in the UK urges for a rate hike. The GBP/USD price analysis is… Continue reading GBP/USD Price Analysis: Staying Above 1.3250 Post-FOMC, Awaits Key Data
The GBP/USD pair spiked to trade at the 1.3260 level amid stronger than expected UK inflation figures. The day before, GBP/USD closed at $1.3238 after hitting a high of $1.3257 and a low of $1.3190.
