简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:GBP PRICE, NEWS AND ANALYSIS:
GBP/USD continues to trade within the broad 1.38 to 1.40 range in place since April 16 and will likely continue to do so.
That‘s unless the Bank of England’s rate-setting monetary policy committee is more aggressive than expected after its meeting that ends Thursday.
GBP/USD can be expected to trade between 1.38 and 1.40 in the days ahead unless the Bank of England‘s monetary policy committee is more aggressive on policy than analysts are expecting. A small tightening of policy is predicted via a minor tapering of the BoE’s asset-purchase program but a more combative move is not impossible given the extent of the UK economys recovery in the current quarter.
The risk for GBP/USD is therefore tilted to the upside, with the February 24 high at 1.4242 a possible longer-term target if 1.40 were to break conclusively.
GBP/USD PRICE CHART, TWO-HOUR TIMEFRAME (APRIL 29 – MAY 5, 2021)
UK ELECTIONS IN FOCUS
Domestically, Thursdays other main focus will be elections for the Scottish and Welsh devolved authorities, a by-election in Hartlepool and elections in England for many councils, city mayors, and police and crime commissioners. These are not likely to have an impact on GBP though, particularly as the results will dribble out over several days.
==========
WikiFX, a global leading broker inquiry platform!
Use WikiFX to get free trading strategies, scam alerts, and experts experience!
╔════════════════╗
Android : cutt.ly/Bkn0jKJ
iOS : cutt.ly/ekn0yOC
╚════════════════╝
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
U.S. stocks closed mixed. Dow Jones Industrial Average fell 118 points (-0.31%) to 37,592, S&P 500 gained 3 points (+0.08%) to 4,783, and Nasdaq 100 edged up 12 points (+0.07%) to 16,832.
AUS Global appoints Ms. Nutchaporn Chaowchuen (Tarn) as Country Manager for Thailand. With expertise in trading and exceptional marketing skills, she is set to drive growth in the Thai market. Her victory in the Axi Psyquation 2019 competition underscores her trading prowess. Excited to lead, she vows to nurture partnerships and deliver top-notch services.
Top 5 things to watch in markets in the week ahead
The award-winning broker brings markets closer to its clients with the use of artificial intelligence (AI)