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GBP/USD Forecast: BoE and Fed rate cut expectations remain in focus

From cityindex.com

Despite several significant events last week, GBP/USD continues to trade range bound for a seventh straight week. The BoE and the Federal Reserve's interest rate decisions and US nonfarm payrolls failed to tease GBP/USD out of its trading range. Looking ahead to the coming week, the economic calendar is relatively quiet for both the UK and the US. However, there are a few events that could inject some volatility into the pair. A 60-minute interview by Jerome Powell on Sunday evening will be in focus and could set the week off with some vigor. The markets will watch for comments from the Fed chair after US non-farm ... (full story)

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  • Category: Technical Analysis