GBP/USD outlook improves despite BOE’s rate cut. The MPC vote came in favor of a rate cut by a 5-4 split. Macroeconomic UK data could limit the upside potential The GBP/USD outlook has significantly improved as the price reclaims the 1.3400 handle after the BOE’s rate decision. The price is 0.56% up on the day,…
The post GBP/USD Outlook: Pound Jumps Despite BOE Rate Cut appeared first on Forex Crunch.
The USD/JPY outlook remains broadly bullish with mild pullbacks amid intervention fears. The US dollar gains safe-haven demand due to political chaos in Japan and Europe. Investors are eying consumer sentiment data today for more impetus. The US dollar trades mixed against the Japanese yen on Friday after marking a fresh eight-month top above the……
The GBP/USD price stays positive above 1.3100, awaiting the UK budget. The UK government faces a strong challenge to balance between growth and fiscal deficit. Markets eye Fed comments and US PPI ahead of Wednesday’s UK budget. The GBP/USD price trades above 1.3100 on Tuesday, broadly unchanged as investors stay focused on Wednesday’s UK Autumn……
The GBP/USD outlook shows a solid rebound in the UK economy. Data on Thursday revealed that the UK economy expanded by 0.4%. Top US government officials are calling for a big rate cut. The GBP/USD outlook shows a solid rebound in the UK economy that has lowered BoE rate cut bets and boosted the pound…….
The EUR/USD forecast remains bullish amid a weaker dollar and a resilient Eurozone economy. ECB officials highlight the EU’s stable inflation, pointing to a likelihood of a rate hike next year. All eyes are on the FOMC press conference and labour data to provide fresh impetus to the market. The EUR/USD pair opened the week……
GBP/USD forecast remains higher as the UK budget provides near-term support. The US dollar remains weak amid soft economic data and increased dovish expectations from the Fed. Technically, the prices remain protected by the 200-MA support. The GBP/USD forecast remains elevated as the pair rallied for its seventh straight session, trading near 1.3240 in Friday’s……
The USD/JPY forecast indicates continued yen weakness amid political uncertainty in Japan. The Secretary General of Japan’s ruling party is planning to resign. Economists are predicting a low US job growth of 75,000. The USD/JPY forecast indicates continued yen weakness amid political uncertainty in Japan. Meanwhile, the dollar is on the front foot as market……
