Pound Sterling Price News and Forecast: GBP/USD bears ready to pounce and eye 1.0900, but NFP matters most

FXStreet Team FXStreet

GBP/USD Price Analysis: Bears ready to pounce and eye 1.0900, but NFP matters most

GBP/USD has been sold heavily towards the remaining sessions of the week. On Thursday, the bears moved in below the countertrend line on the hourly chart. The price moved into the low 1.1100s with the groundwork being done in London. Traders in the US session finished off what the bears started in Europe and there could be more to come depending on the outcome of Friday's key US event in Nonfarm Payrolls. Read more...

GBP/USD Forecast: Pound turns neutral following bearish correction

GBP/USD has started to move sideways in a relatively tight range at around 1.1300 after having snapped a six-day winning streak on Wednesday. The near-term technical outlook suggests that the pair is likely to stay in a consolidation stage and investors could refrain from making large bets ahead of Friday's highly-anticipated US jobs report. Read more...

GBP/USD outlook: Near-term structure weakens after a double failure at 1.1500 barrier

Cable remains in red for the second day, pressured by weaker risk sentiment and downbeat report from the BoE, which showed raised expectations for inflation in one year time to 9.5% from 8.4% estimation in August and expectations for 4.8% inflation in three years. Inflation in UK eased to 9.9% in September from 10.1% in August, but still about five times above the central bank’s 2% target. Read more...

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