GBP/USD sticks to the range bound theme near term – UOB – by pabspiovano GBPUSD Currencies Majors Banks
is now seen navigating within the 1.2040-1.2260 range in the short-term horizon, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.24-hour view: “While we expected GBP to strengthen yesterday, we were of the view that ‘a sustained rise above the major resistance at 1.2200 is unlikely’. In NY trade, GBP popped to a high of 1.2269, dropped quickly from the high and traded choppily before ending the day at 1.2176 .
Next 1-3 weeks: “Yesterday , we highlighted that instead of heading lower, GBP is more likely to consolidate and trade between 1.2040 and 1.2260. GBP popped briefly to 1.2269 in NY trade before closing at 1.2176 . There is no change in our view and we continue to expect GBP to trade between 1.2040 and 1.2260.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
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 faces some consolidation near term – UOBIn the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD is now seen within the 1.2040-1.2260 range in the
Baca lebih lajut »
EU proposes 90% CO2 emissions cut by 2040 for trucksThe European Commission on Tuesday proposed tougher CO2 limits for heavy goods vehicles, requiring new trucks by 2040 to cut emissions by 90% and all new city buses to have zero emissions from 2030.
Baca lebih lajut »
GBP/USD Forex Signal: Exchange Rate to Retreat to 1.1845The GBP/USD pair continued pulling back because of the strong US dollar.
Baca lebih lajut »
GBP/USD Forecast: Pound Sterling recovery stalls as key resistance holdsAfter having snapped a three-day winning streak on Friday, GBP/USD has started the new week in a calm manner and found it difficult to make a decisive
Baca lebih lajut »
GBP/USD trades with modest losses around mid-1.2000s, lacks follow-through sellingGBP/USD trades with modest losses around mid-1.2000s, lacks follow-through selling – by hareshmenghani GBPUSD Fed Inflation Recession Currencies
Baca lebih lajut »
GBP/USD retakes 1.2100 amid a modest USD downtick, further positive move seems unlikelyGBP/USD retakes 1.2100 amid a modest USD downtick, further positive move seems unlikely – by hareshmenghani GBPUSD RiskAppetite Fed Inflation Currencies
Baca lebih lajut »