GBPUSD Rate Susceptible to Slowing UK Consumer Price Index (CPI)
Updates to the UK Consumer Price Index (CPI) may do little to curb the depreciation in GBPUSD as the headline reading is expected to narrow to 1.9% from 2.0% in June.
Stronger UK Job/Wage Growth to Curb GBPUSD Losses
Updates to the UK Employment report may generate a short-term rebound in GBPUSD as the economy is expected to add 60K jobs in June.
BoE Preview: GBPUSD Rate Vulnerable to Dovish Forward Guidance
The Bank of England (BoE) interest rate decision may shake up the near-term outlook for GBPUSD if the central bank alter the forward guidance for monetary policy.
Crude Oil and Gold Prices May Fall Further on BOE Rate Decision
Gold prices may fall – making good on technical clues pointing to topping – as the Federal Reserve shies away from endorsing the markets ultra-dovish policy outlook.
GBPUSD Retail Position Remains Stretched, RSI Dips into Oversold Zone
Current market conditions may produce a further decline in GBPUSD as retail position remains stretched, while the RSI pushes into oversold territory.
GBPUSD Rate Vulnerable to Dovish BoE Forward Guidance
Fresh updates from the Bank of England (BoE) may produce headwinds for the British Pound if the central bank alters the forward guidance for monetary policy.
Gold Price Rise May Extend as BOE Joins Dovish Central Bank Peers
Gold prices touched a six-year high amid speculation on a broad-based dovish shift in global monetary policy. The Bank of England may give the move a further nudge.
GBPUSD Rate Risks Near-Term Rebound on Rising UK CPI
Updates to the U.K. Consumer Price Index (CPI) may spark a near-term rebound in GBP/USD as both the headline and core rate of inflation are projected to pick up in April.
GBPUSD Rate Breaks Bearish Sequence Despite Cautious BoE Rhetoric
Recent price action in GBP/USD raises the risk for a near-term rebound as the exchange rate fails to extend the series of lower highs & low from the previous week.
Lackluster U.K. Employment Report to Drag on GBPUSD Rate
Updates to the U.K. Employment report may produce headwinds for the British Pound as the figures are anticipated to show a slowdown in both job and wage growth.
Upbeat U.K. GDP Report to Curb GBP/USD Losses
Updates to the U.K. Gross Domestic Product (GDP) report may spark a rebound in GBP/USD as the growth rate is expected to pick up from the last three-months of 2018.
Dovish FOMC, BoE Rate Decision, Euro Finds a Bid - US Market Open
The US dollar is on the backfoot after last night‘s dovish FOMC pulled the rug from under the greenback. Coming up, the Bank of England’s latest policy decision will be confined by ongoing Brexit chaos.