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GBPUSD - BoE: Bank of England could lower rates next week
In the December rate meeting, two members voted to cut rates, while 7 opted to keep rates unchanged. GBPUSD Remains Bullish Above the December Low The GBP to USD exchange rate trend remains upwards ...
FxWirePro: Cable’s Buzzing Bulls On Uptrend Line Support & Triangle Resistance Breakout – Trading & Hedging Setup
Cable’s (GBPUSD) minor trend spikes above 7&21-DMAs on uptrend line support, attempt for further rallies upon potential bullish MACD & DMA crossovers. Bulls break-out triangle resistance, major ...
GBP/USD Daily Forecast – Sterling Spikes on PMI Release but Struggles to Hold Gain
The markets will now wait to hear from the bank to confirm that a rate cut is not imminent. GBPUSD 4-Hour Chart This tends to introduce downside risks which are further exacerbated by a strong dollar.
Equities Turn Slightly Weaker Near the Top
Following the agreement in the parliament, the legislation received the royal assent. The current declines in the GBPUSD coincide after the currency pair broke past the 1.3100 level. The retracement ...
Bank of Canada goes dovish again. ECB stands pat. Coronavirus spreads.
The German and Eurozone flash PMIs for January will come out a little bit earlier (3:30am and 4:00amET respectively) and could influence GBPUSD as well. The probability for a 25bp cut at next ...