idea for next week.
GBP/USD Price Analysis: Stays subdued at around 1.2850
The Pound Sterling clings to minuscule gains on Friday after the latest inflation report in the United States (US) reinforced investors' bets that the US Federal Reserve could begin slashing rates at the September monetary policy meeting. At the time of writing, the GBP/USD trades at 1.2858, virtually unchanged.
The GBP/USD consolidated at around 1.2850 after sellers strengthened and pushed the exchange rate past the 1.2900 figure, which was unsuccessfully cleared during the first three days of the week. Despite this, momentum is still in buyers' favor, as depicted by the Relative Strength Index (RSI), though extremely long positions on Sterling could leave traders vulnerable if the Bank of England (BoE) cuts rates next week
The Pound Sterling clings to minuscule gains on Friday after the latest inflation report in the United States (US) reinforced investors' bets that the US Federal Reserve could begin slashing rates at the September monetary policy meeting. At the time of writing, the GBP/USD trades at 1.2858, virtually unchanged.
The GBP/USD consolidated at around 1.2850 after sellers strengthened and pushed the exchange rate past the 1.2900 figure, which was unsuccessfully cleared during the first three days of the week. Despite this, momentum is still in buyers' favor, as depicted by the Relative Strength Index (RSI), though extremely long positions on Sterling could leave traders vulnerable if the Bank of England (BoE) cuts rates next week
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.