GBP/USD plummets below 1.3700, on US dollar strength, ahead Fed and BoE week
The GBP/USD slides for the third time in the week, looking forward to ending the week in the red, down 0.67%, trading at 1.3696 during the New York session at the time of writing. Worse than expected, heavy-tech US Q3 corporate earnings on Thursday and concerns about inflation and tight monetary policy dampened market sentiment, weakening risk-sensitive currencies like the British pound. Read more...
|Today last price||1.369|
|Today Daily Change||-0.0098|
|Today Daily Change %||-0.71|
|Today daily open||1.3788|
|Previous Daily High||1.3815|
|Previous Daily Low||1.3722|
|Previous Weekly High||1.3834|
|Previous Weekly Low||1.3709|
|Previous Monthly High||1.3913|
|Previous Monthly Low||1.3412|
|Daily Fibonacci 38.2%||1.3779|
|Daily Fibonacci 61.8%||1.3758|
|Daily Pivot Point S1||1.3736|
|Daily Pivot Point S2||1.3683|
|Daily Pivot Point S3||1.3643|
|Daily Pivot Point R1||1.3828|
|Daily Pivot Point R2||1.3868|
|Daily Pivot Point R3||1.392|
GBP/USD Weekly Forecast: Duo of central banks and Nonfarm Payrolls promise wild action
GBP/USD has been edging higher on weak US GDP and falling bond yields. Inflation seems to bite – at least the US economy, which has suffered weaker growth. The dollar struggled in response to GDP data and the yield curve flattened, allowing GBP/USD to advance despite ongoing Brexit issues. The FX Poll is pointing to short-term gains and falls afterward. Read more...
GBP/USD Forecast: British pound to weaken with Brexit headlines taking center stage
The GBP/USD pair has managed to erase a portion of its weekly losses on Thursday but failed to recapture the 1.3800 mark. However, the fact that the EUR/GBP pair registered gains for the second straight day on Thursday suggests that GBP/USD's recovery was fueled by the broad-based USD weakness rather than GBP strength. Read more...
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