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GBPUSD still moving along with our previous expectation where a rebound correction still ongoing where target now toward 1.3054-84 zonefrom that zone will expect the downtrend pressure to back to affect the market if market met our target whill shift outlook toward down where as long as market holding trades below 1.3150-73 the downtrend wave will back to affect British Pound 1.2900/1.2817
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UK GDP and Interest Rate Expectations
This coming Friday the 2nd estimate of GDP in Great Britain will be released. The first round of preliminary data released in July had limited impact – GBP went up about 20 pts against USD over 3 minutes, just to lose all the gains within less than half-hour, albeit losses were quite modest. Lack of positive influence on exchange rate of GBP from quite good GDP numbers would be flabbergasting if interest rate expectations were not taken into account.
The main reason for such a lackluster dynami…
The main reason for such a lackluster dynami…
Expecting strong GBP data again
Market expectations on Great Britain data releases in a about ten minutes should be high,
data has been strong for a couple of months now,
and there is no reason to assume these releases will be any different:
GB is economically strong, and has a clear set course for the future,
talk of further rise in Gbp/Usd is swirling around the market,
and traders seem to be willing to invest in the currency
Technically, last highs of 1.66 are under attack, as last retracement down seems to be over
and the…
data has been strong for a couple of months now,
and there is no reason to assume these releases will be any different:
GB is economically strong, and has a clear set course for the future,
talk of further rise in Gbp/Usd is swirling around the market,
and traders seem to be willing to invest in the currency
Technically, last highs of 1.66 are under attack, as last retracement down seems to be over
and the…