GBP/USD Forecast: Pound Sterling looks fragile ahead of Fed and BoE meetings
GBP/USD fluctuated in a narrow channel in the Asian session before retreating to the 1.2100 area in the European morning. The near-term technical outlook suggests that the bearish bias stays intact.
Over the weekend, the United Arab Emirates (UAE) requested a UN Security Council emergency meeting to discuss the situation in the Gaza Strip, asking "for an immediate ceasefire to ensure that civilians and civilian institutions are not targeted." Read more...
GBP/USD: October low of 1.2037 will be the key support level – MUFG
Economists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday.
The worsening economic data has been clear and will likely be clearly acknowledged by Governor Andrew Bailey in the press conference. We see this inevitable acknowledgement of weaker data and some evidence that the labour market conditions point to reduced wage inflation risks as helping to push yields lower. Read more...
GBP/USD: Trend momentum is weak, favouring more range trading – Scotiabank
GBP/USD is still finding support on dips below 1.21. Economists at Scotiabank analyze the pair’s outlook.
Trading may remain relatively quiet ahead of the BoE policy decision on Thursday. Markets expect policy to be left on hold but the GBP may see a minor bid if the voting shows a tight split among the nine policymakers. Read more...
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EUR/USD holds near 1.1100, looks to post small weekly gains
EUR/USD trades near 1.1100 in the American session on Friday. Although the risk-averse market atmosphere caps the pair's upside, dovish comments from Fed officials and the disappointing US jobs report help it hold its ground.
GBP/USD retreats to 1.3150 area after post-NFP spike
GBP/USD turns south and declines to 1.3150 area after spiking to 1.3240 in the early American session. The negative shift seen in risk mood following the US labor market data for August helps the US Dollar stay resilient against its peers and weighs on the pair.
Gold pulls away from near record highs, holds above $2,500
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Crypto today: Bitcoin, Ethereum, XRP tests key support, TRON network non-stablecoin activity hits new highs
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