GBP/USD prognosis: pound Sterling holds the soil despite the conditions
GBP/USD expanded its weekly uptrend and touched the fresh monthly maximum of almost 1.3600 before repairing below. The close technical outlook continues to show reports because investors are waiting for the release of medium level data.
The risk of the US dollar (USD) has made the risk of demand on Wednesday and helped GBP/USD to continue pushing above. Read more …
The pound hits more weeks high because the markets are waiting for GDP data
A pair of GBP/USD on Thursday climbed to 1.3575 Labeling of fresh three -week height. The growth was followed by encouraging labor market data in the UK, which showed fewer losses of jobs than expected in July, and alleviated economic concerns.
Employment data has revealed a decline of only 8,000 workers – below the expected 20,000 – while the data from previous months were revised up. This suggests the resistance of the labor market, despite the tax increase in Laboristics. Read more …
GBP/USD: POST-POPI BREAKOUT Holds nearly 1.36 because Fed Cut Curen Counds reached 95.8% [Video]
Sterling has expanded its bull momentum against the US dollar and traded below 1.36 After a strong increase after CPI. The rally developed into a sequence that mixed the concepts of liquidity with macro foundations, especially the CPI as a catalyst. Read more …
