Pound Sterling Price News and Forecast: GBP/USD bears are back in play regardless of hawkish BoE
|GBP/USD bears are back in play regardless of hawkish BoE
GBP/USD has fallen onto the back foot in recent trade and is pressuring back below 1.3515 following a significant correction to 1.3535 that started in the early New York session from the 1.3490s. It is a US dollar and euro story at the start of the week as traders digest the importance of last week's main events in the central bank meetings and US jobs data. Read More...
GBP/USD continues undulation in 1.3500-1.3550 ranges ahead of Fed/BoE speak and key UK/US data
GBP/USD is trading broadly flat at the start of the week within a 1.3500-1.3550 intra-day range, as traders brace for a barrage of further central bank speakers as well as UK and US tier one data releases. After rallying as high as the 1.3620s last week as a result of a weakening US dollar plus a hawkish BoE surprise, the pair reversed back below 1.3550 in the wake of a much stronger than expected US labour market report. Read More...
GBP/USD Forecast: Correction could deepen with a drop below 1.3520
GBP/USD has started the new week in a calm manner after closing the previous week in the positive territory despite Friday's decline. The pair is having a difficult time making a decisive move in either direction early Monday but a drop below 1.3520 could attract sellers. Read More...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.