GBP/USD Forecast: Pound Nurses Losses Ahead of US GDP
British inflation reached an annual rate of 3.9 percent in October, which is the lowest level in two years. Investors have fully paid for the Bank of England rate cut…
British inflation reached an annual rate of 3.9 percent in October, which is the lowest level in two years. Investors have fully paid for the Bank of England rate cut…
ECB policymakers have tried to discourage traders from speculating on an impending rate cut. Traders raised their bets on lower ECB rates after lower UK inflation. Investors await final estimates…
Gold could jump higher as long as it is above the lower median line. A new higher high activates further growth. US CB Consumer Confidence should take high action. The…
November British inflation data fell well below expectations. Markets are fully expecting a 25 basis point cut in the Bank of England rate in June 2024. Market participants are now…
Data showed that inflation in Canada remained stable in November. The probability of a BoC cut next month fell to 16.0% from 21.4%. Raphael Bostic reiterated on Tuesday that he…
The correction is completed above the middle line (ml). The upper midline (uml) is the main target. Canada's CPI is due to run a bit later today. The GBP/USD price…
The Bank of Japan maintained ultra-loose monetary policy on Tuesday. Some investors were waiting for signs of a potential move away from negative interest rates. Some Fed officials are balking…
The Canadian dollar strengthened after the Fed signaled a looming rate cut. Economists expect Canadian inflation to slow to an annual rate of 2.9%. Oil rose due to an attack…
KSAU/USD pulled back after registering only false breakouts through current resistance levels. The lower middle line (LML) stands as the main support. Canada's CPI could change sentiment tomorrow. The price…
The Fed's Williams disputed the market consensus for rate cuts. Britain's services sector experienced increased growth this month. The Bank of England confirmed its stance on keeping interest rates high…