GBP/USD – British Pound Primed for Lift-off; Eyes BOE’s Decision

Key Highlights The British Pound started a nice uptrend from well below 1.3100 against the US Dollar. The GBP/USD pair surged higher recently and broke two important bearish trend lines at 1.3250 on the 4-hours chart. UK’s Manufacturing PMI in Oct 2017 rose from the last reading of 55.9 to 56.3. Today, the BOE’s interest rate decision is scheduled and the cent...
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GBPUSD Resilience Gives us Pause, but not out of Woods Yet

Key Highlights British Pound managed to trade above a major resistance versus the US Dollar and looks set for more upsides. GBPUSD has an intermediate resistance at 1.5370-80 and support at 1.5280. In Australia, the Retail Sales released by the Australian Bureau of Statistics posted no change in May 2015 whereas the market was expecting a rise of 0.4%. GBPUSD – Tec...
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GBPUSD Eyes BOE For A Break

Key Highlights British pound climbed higher recently against the US dollar, but failed around an important resistance area. In the UK, the BOE Interest Rate Decision will be announced by the Bank of England, which might cause heavy movements in GBPUSD. GBPUSD is forming a breakout pattern with support at 1.4850 and resistance ahead at 1.4950. Technical Analysis Th...
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The European Central Bank (ECB) Sets To Ignite Moves In Euro

Key Highlights Euro nosedived not only against the US dollar recently, but also weakened a lot against the British pound. Today, the ECB Interest Rate Decision will be announced by the European Central Bank in which easing measures is likely to cause a lot of action in the Euro pairs. BoE Interest Rate Decision will also be announced by the Bank of England in which cent...
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GBPUSD Awaits The Bank of England Inflation Report For Action

Key Highlights British pound looks nervous ahead of an important release lined up later today. Bank of England is scheduled to release inflation report during the London session today along with BOE’s Governor Mark Carney speech. GBPUSD has a major support around 1.5180 and resistance ahead at 1.5300. BOE Inflation Report There is a high volatility risk event li...
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