Pound is set back by US jobs report. Forecast as of 09.02.2023
2023.02.09 2023.02.09 Pound is set back by US jobs report. Forecast as of 09.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Although the GBPUSD crash was triggered by the Bank of England, the pair continued falling amid the US strong jobs report. Will the pound resume rising after such shocks? Let us discuss the Forex outlook and make up a […]
Poor UK fundamentals to be a drag on the Pound – Rabobank
Strategists at Rabobank point out that the change in the Bank of England’s language favours the doves, they see scope for further rate rises. They continue to expect poor United Kingdom fundamentals to be a drag on the British Pound. Key quotes: “The USD has found further traction on the back of the January […]
Pound is deadlocked. Forecast as of 02.02.2023
2023.02.02 2023.02.02 Pound is deadlocked. Forecast as of 02.02.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ No one can confidently say how the BoE will act in February. Inflation is above 10%, which is pushing the central bank to raise interest rates aggressively, but the economy is weak. Let us discuss the Forex outlook and make up a GBPUSD trading […]
US Dollar, Euro, British Pound, Gold, Dow Jones, Fed, ECB, BoE
Body: Recommended by Daniel Dubrovsky Get Your Free Equities Forecast Global market sentiment continued improving this past week. On Wall Street, the Nasdaq 100, S&P 500 and Dow Jones gained 4.32%, 2.47%, and 1.81%, respectively. Across the Atlantic Ocean, the German DAX 40 gained 0.77%. Meanwhile, in the Asia-Pacific region, the Nikkei 225 and Hang […]
BoE & Fed to Dictate Pound Sentiment
POUND STERLING ANALYSIS & TALKING POINTS More certainty around BoE leaves USD factors more interesting by means of Fed guidance (Jerome Powell). U.S. economic data including NFP and ISM to clarify the picture moving forward. Will the rising wedge strike again? Recommended by Warren Venketas Get Your Free GBP Forecast GBP/USD FUNDAMENTAL FORECAST: BEARISH Trade […]
Pound has a hard way to go. Forecast as of 26.01.2023
2023.01.26 2023.01.26 Pound has a hard way to go. Forecast as of 26.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The sterling has been jumping up and down recently. Strong UK domestic data made it one of the best performers among G10 currencies, while weak reports weakened the currency. Let us discuss the Forex outlook and make up a GBPUSD trading […]
Pound faces mid-Atlantic as markets eye BOE blink :Mike Dolan By Reuters
© Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska By Mike Dolan LONDON (Reuters) -Whatever new year fillip the euro zone economy got from ebbing prices, the UK saw none of it – […]
Weak UK PMI data points to further Pound weakness |
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Pound Sterling Price News and Forecast: GBP/USD climbs towards 1.2390
GBP/USD seesaws during the North American session, around the 1.2360-1.2390 region, around the London Fix, unable to gain a clear direction. Risk appetite increased, which usually favors the Pound Sterling (GBP), but soft UK economic data weighed on the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2391. Read More… GBP/USD is on the back […]
Pound acts on its own. Forecast as of 19.01.2023
2023.01.19 2023.01.19 Pound acts on its own. Forecast as of 19.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The GBPUSD rally to seven-month highs could not go unnoticed, even if the pound has been in the shadow of the euro and the yen for a long time. Let’s talk about the reasons for its growth and the prospects for GBP. […]