GBP/USD faces rejection near 1.2400 mark, retreats to daily low ahead of BoE – by hareshmenghani GBPUSD BOE Inflation Recession Currencies
ir retreat to the lower end of its daily range during the first half of the European session and is currently placed just above the mid-1.2300s as traders look to theThe UK central bank is expected to raise interest rates for the 10th time in a row, by another 50 bps, to the highest level since autumn 2008. Investors, however, anticipate that the BoE is nearing the end of the current rate-hiking cycle amid hopes that price pressures may have peaked and looming recession risk.
Apart from this, the prevalent US Dollar selling bias might continue to lend some support to the GBP/USD pair. Worries that headwinds stemming from rising borrowing costs will lead to a sharp US economic slowdown and might force theNevertheless, the aforementioned mixed fundamental backdrop warrants caution for aggressive traders and before positioning for the next leg of a directional move. From a technical perspective, a sustained strength beyond the 1.2440-1.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
GBP/USD Retreats as the Fed and BoE Hog the LimelightGBP/USD had a modest bounce to trade just above the 1.2350 level heading into the European open which saw dollar bulls return pushing GBPUSD toward the 1.23000 handle. Get your market update from zvawda here:
Baca lebih lajut »
GBP/USD finds cushion around 1.2300 as USD Index retreats, Fed-BoE policy hogs limelightThe GBP/USD pair has gauged an intermediate cushion after dropping to near the crucial support around 1.2300 in the Asian session. The Cable has gaine
Baca lebih lajut »
GBP/USD remains depressed near 1.2300 mark, multi-day low amid stronger USDThe GBP/USD pair attracts fresh sellers following an early uptick to the 1.2370 area and turns negative for the third successive day on Tuesday. The d
Baca lebih lajut »
GBP/USD: Uptrend to persist towards 1.2550/1.2600 on a move above 1.2450 – SocGenGBP/USD has retested the peak of 1.2450 resulting in a brief pause. A break past this level is set to resume the race higher towards 1.2550/1.2600 and
Baca lebih lajut »
GBP/USD Forex Signal: Choppy Consolidation Below $1.2437A stronger US Dollar has sent the price on a short-term downwards trend.
Baca lebih lajut »
GBP/USD: Downside risks limited while above last week’s 1.2265 low – ScotiabankGBP has weakened in line with the overall gain in the USD against its core European peers. However, more significant losses look technically unlikely,
Baca lebih lajut »