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  • Buy Pound To US Dollar Rate, Target 1.4585 Say MUFG

    From exchangerates.org.uk

    MUFG expects that the UK economic recovery will continue to gain traction with expectations of a Bank of England rate hike leading to higher yields which will boost the Pound. With strong capital inflows and the dollar remaining under pressure, the bank recommends buying the Pound to Dollar (GBP/USD) exchange rate at 1.4175 with a target of 1.4585 and stop loss of 1.3950. Mobility Data Indicates Very Strong UK Rebound MUFG recognises the risk posed by coronavirus developments, but does not consider that the recovery is at risk. “While there is a danger that the Delta variant delays the full reversal from lockdown, ... (full story)

Wrong!! The GBP is range bound and is going to break lower. The 1.4202 resistance line was too much for the GBP/USD pair and the resistance area was visited a few times and rejected.
Yes right
honestly, i still think there will be a stronger pound but now is not the time to buy. wait for pullback
Oh come on give me a break. Yes the pound will get stronger but so will the US Dollar. Funny how all these charlatans are writing off the dollar and are constantly manipulating the sentiment. US economy recovers just the way the other economies do and the inflation will see the FED with no options left but to start tapering and eventually increase rates sooner than later. Then we all know what will happen (for sure not what we read in this article).
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting NotAtrader
Oh come on give me a break. Yes the pound will get stronger but so will the US Dollar. Funny how all these charlatans are writing off the dollar and are constantly manipulating the sentiment. US economy recovers just the way the other economies do and the inflation will see the FED with no options left but to start tapering and eventually increase rates sooner than later. Then we all know what will happen (for sure not what we read in this article).
i agree. once the USD makes its big moves from feds tapering is where I got my eye on for gbp strength. its a long waiting game though and I could easily be wrong.
Those that told you to start buying at 1.4175, we start buying the same pair at 1.3950.
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gbp/usd is in range markets (1.4000/1.4200) we have to wait for confirmation either way
It is a range market(1.4000/1.4200) we can confirm after breaks either way . rate hike will be later not now , this week it will break below 1. 4000 (my expectation) let us wait and watch
From six months I expected gbp to rise to 1.46 but after this article now I expect the gbp to go down to 1.34
Better buy GBP/JPY than....
1.4585 sounds about right.
Once we clear 1.4380, I'll be buying significant dips to 1.49.
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
When(IF) GBP break 1.4099 we should see some heavy selling.
Quoting jordanvic
{quote} i agree. once the USD makes its big moves from feds tapering is where I got my eye on for gbp strength. its a long waiting game though and I could easily be wrong.
Yes, waiting is the key word, but my patients tend to run dry.
Quoting Bakker
Wrong!! The GBP is range bound and is going to break lower. The 1.4202 resistance line was too much for the GBP/USD pair and the resistance area was visited a few times and rejected.
I wouldn't say rejected, I agree it is rangebound but from a technical standpoint it is still testing the 1.42 and the longer it grinds sideways at the current price the more likely it could break higher another 100 pips and see the 2018 highs. Just as the 1.42 is a res 1.41 has been a support for a few weeks also. It does have a long way to drop if it does break down though. Time will tell.
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  • Posted: Jun 8, 2021 1:02am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 14  /  Views: 2,482