Pound Sterling Price News and Forecast: GBP/USD looks into the abyss, new weekly ranges in sight
|GBP/USD looks into the abyss, new weekly ranges in sight
GBP/USD bears taking control below critical weekly support. GBP/USD tumbled around 1.27% on Tuesday and below the July-Sep lows amid risk aversion as a steep rise in US Treasury bond yields and fears for the economic impact of a shortage of gas in Britain overshadowed rate rise expectations from the Bank of England. Read more...
Technical analysis: GBP/USD steering forces feeble around support base
GBPUSD is consolidating in the proximity of the support foundation of 1.3564-1.3621, which has defended the positive structure from the beginning of February. The converging simple moving averages (SMAs) are currently lacking a clear direction in trend. Read more...
GBP/USD Forecast: Dual energy crisis set to fuel further falls, levels to watch
GBP.USD has been under pressure as China grapples with power outages. Britain's problems at the fuel pump weigh on the pound. Tuesday's four-hour chart is showing bears are in the lead. UK rate hikes coming? Sterling has found little comfort in Governor Andrew Bailey's repeated comments about raising rates before halting bond buys as a duo of energy issues looms. 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.