-
GBP/USD forecast: US dollar rebounds ahead of US CPI, UK GDP
The US dollar rebounded strongly on Friday, especially against the commodity dollars on the back of disappointment from China’s latest stimulus announcement. The euro and pound drifted lower throughout the day, with the EUR/USD testing a multi-month low beneath the 1.07 handle. The pound, which had rallied following the Bank of England’s decision to cut interest rates on Thursday, remained on the front foot against the euro, sending the EUR/GBP pair to near a 2-year low of around 0.8300 by Friday’s European close. But the cable was held back by the US dollar, which despite giving a big chunk of its ... (full story)
- Comments
- Subscribe
-
- Older Stories
From msn.com|Nov 10, 2024Republicans on Saturday were close to clinching control of the U.S. House of Representatives, a critical element for President-elect Donald Trump to advance his agenda when he ...
From dailyforex.com|Nov 10, 2024I wrote on 3rd November that the best trade opportunities for the week were likely to be: Long of Gold in USD terms following a daily close above $2,787. This did not set up. Long ...
From bnnbloomberg.ca|Nov 10, 2024European Central Bank Governing Council member Robert Holzmann said a December interest-rate cut is a possibility but by no means guaranteed, according to an interview with Kleine ...
-
- Newer Stories
From awealthofcommonsense.com|Nov 10, 2024Let’s take a look at the list of all-time highs we’re currently experiencing: The U.S. stock market has never been higher: chart The S&P 500 bottomed in March 2009 at 666. It’s ...
From bnnbloomberg.ca|Nov 10, 2024The first two years under Donald Trump’s second term could be “quite impactful” if policy changes are made on tax, deregulation and crypto, according to Stefan Gratzer, managing ...
From forex.com|Nov 10, 2024|1 commentSurvey of Expectations (M14). It’s a release name lends itself to be overlooked as a key NZD/USD driver. But that assumption would be a mistake. This forgotten RBNZ survey often ...
- Story Stats
- Posted: Nov 10, 2024 3:46pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 5,827
- Linked event:
