GBP/USD bulls need the BoE to throw a hawkish lifeline
GBP/USD bears seeking a break of the 1.3890 for 1.36 area targets. US dollar is not letting up on hawkish Fed hold. All eyes will turn to the BOE next week following the UK CPI print this week. GBP/USD is currently trading at 1.3924 and down around 0.4% in the afternoon New York session attempting to correct the steep bearish decline. Cable has traded between a high of 1.4008 and a low of 1.3895 on the day so far, reeling in the wake of US dollar strength. Read more...
GBP/USD Forecast: Pressure mounts amid fundamental jitters weighing on pound
The GBP/USD pair traded as low as 1.3895 in the aftermath of a hawkish US Federal Reserve, now heading into the Asian opening trading at around 1.3900. The UK did not release macroeconomic figures that could add to the pound’s behaviour. Still, tensions surrounding the Northern Ireland Protocol undermine sterling´s demand. Read more...
GBP/USD: Gains are likely to be limited
GBPUSD finally broke the 100 month moving average at 1.4080/60 for a sell signal this week targeting 1.4025/15 & 1.3970/60. We bottomed exactly here but are likely to test the 100 day moving average at 1.3940/35, perhaps today. A break below 1.3925 risks a slide to 1.3880/70 & a.3840/30. Read more...
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