Share: The ONS has just released the July CPI data. Economists at MUFG Bank do not expect the British Pound (GBP) to enjoy substantial gains following inflation figures. Inflation surprises modestly to the upside The drop overall in inflation was a little less than expected. The core CPI rate remained unchanged at 6.9%
UK JOBS DATA KEY POINTS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: EUR/GBP, GBP/USD Remain Rangebound as GBP Faces a Defining Week The latest data out from the UK showed a mixed bag for the UK labour market.
GBP PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free GBP Forecast Read More: EUR/USD Eyes Short-Term Retracement as DXY Runs Into Confluence Area GBP has struggled over the past few weeks since retreating from recent highs. The GBPUSD and EURGBP have remained rangebound as market participants remain unclear on the Bank of
British Pound, GBP/USD, Descending Channel – Technical Update: British Pound clocked in a 4th consecutive weekly loss GBP/USD has also confirmed a key trendline breakout Descending Channel remains in focus on 4-hour chart Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound weakened about -0.4 percent against the US Dollar last week.
Share: Late in the New York session, the Pound Sterling (GBP) continued to hold its ground against the US Dollar (USD) after UK’s economy grew more than expected, despite US elevated inflation on the producer side. Hence, the GBP/USD trades at 1.2697, gaining 0.16%. Read More… The Pound Sterling (GBP) seems to be
Share: Pound Sterling faces selling pressure despite the UK economy turning out more resilient in June than expected. Upbeat United Kingdom factory data showcase optimism among producers in spite of a highly-inflated price environment. Monthly Industrial and Manufacturing Production data grew by 1.8% and 2.4% in June, respectively. The Pound Sterling (GBP) seems to be
If the initial deposit is $1000 on a HIGH RISK micro account use the parameter settings below: Currency pairs: GBP/USD Timeframe: M5 Leverage: 1:500 Swap free account (forex robot will hold floating loss for weeks or even months) Parameter settings for GBP/USD, M5 MINIM_DAILY_PROFIT = Minimum daily profit = 10000 BATAS_FREE_MARGIN = Free margin limit = 50 JAM_ON = The robot starts trading = 1 JAM_OFF = The robot
The FOREX markets are quiet in the Asia-Pacific session. Japan is on holiday contributing to the lackluster price action. Yesterday’s US CPI data whipped traders around as well as the initial reaction was to the downside in the greenback, and then reversed back to the upside with the rise in US rates However in the
GBP PRICE, CHARTS AND ANALYSIS: GBP/USD Bulls Return as Cable Retests the 1.2750 Mark in Early European Trade. Choppy Price Action May be Down to Seasonality as the US CPI and UK GDP Releases are Sorely Needed to Stoke the Volatility and Provide Direction. Eyes on a Potential Range Breakout of the 100-Pip Range Which
US Dollar, GBP/USD, British Pound, Treasuries, Gilts, China, Moody’s – Talking Points The US Dollar resumed strengthening this week on global growth questions China’s economy is facing scrutiny, pushing investors toward Treasuries and Gilts Sterling survived a test of support levels, but will GBP/USD continue to hold up? Recommended by Daniel McCarthy How to Trade
