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GBPUSD - US Data Increases Dollar Uncertainty, GBP/USD Recovers from 4-Week Lows
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Pounds to Dollars Outlook: Uptick US CPI Dampens Recovery, Eyes on 1.3000
However, the market’s reaction went favorable for the US dollar, resulting in pushing the risk assets to the downside. The GBP/USD outlook remains deteriorated after the CPI data release. The UK’s ...
GBP/USD (GBPUSD=X)
Headline annual inflation reached a fresh low of more than three years but the greenback’s performance was mixed.
GBP/USD Forecast: Sellers could move aside if Pound Sterling rises above 1.3100
The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 40 in the European session, suggesting that sellers remain reluctant to bet on an extended slide for now. On the upside, ...
GBP/USD heads towards $1.3000, as UK economy suffers from the ‘August effect’
We think so, and we also expect UK growth to ‘bounce’ back, after a small blip in Q3. It is worth noting that August can be a strange month for the UK economy. Typically, people are away, holidays are ...