Pound Sterling Price News and Forecast GBP/USD: Five reasons for the pound's plunge, why there is no end in sight
|GBP/USD Price Analysis: Bullish M-formation argues test of 1.3610
GBP/USD pressured by US dollar strength mid-week into demand area. GBP/USD bulls look for bullish structure to target a reversion. GBP/USD bulls moving in as the US dollar's bid slows down into the end of the North American session. The price is now testing a demand area and the following illustrates prospects of an upside correction opportunity. Read more...
GBP/USD Forecast: Five reasons for the pound's plunge, why there is no end in sight
GBP/USD has dropped to the lowest since January amid higher US yields. No Time To Die – the title of the new James Bond movie is relevant for Brexit, which tends to come out from the woodwork in the worst moment. Issues related to Britain's exit from the EU have been the latest to hit GBP/USD, joining a long list that is likely to continue pushing the pair lower. Here are five reasons for the downfall
GBP/USD trades south following Britain's gas crisis
Powell testified before Congress and again noted that inflation went higher as expected which makes you think they may tapper soon, but then you have employment issues where the goal is still not met. So, we think that key will be again to observe the jobs numbers, but not this Friday Oct 1st. US NFP are on Oct 08. We have seen a sharp break down on GBP yesterday, a move that may try to stabilize today during the BOE Bailey speech. Technically cable is in a downtrend with room for more weakness while pair trades below 1.3655. Read more...
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