British Pound: Further weakness eyed toward 1.3410 against US Dollar – UOB
GBPUSD managed to test support 1.3475 while as we see over the chart the uptrend channel support zone still around 1.3400 which still pushing toward another advance toward 1.3565 and 1.3675 Below 1.3400 more drop pressure may join to push for farther drops toward 1.3280 and below SUPPORT RESISTANCE LEVEL1 1.3400 1.3565 LEVEL2 1.3280 […]
Pound-Dollar could face further pressure if UK jobs data disappoints, while Fed rate hike expectations may continue to underpin the US Dollar. The Pound US Dollar (GBP/USD) exchange rate weakened on Monday as expectations for a Federal Reserve interest rate hike this week boosted the ‘Greenback'.
Pound Sterling Price News & Forecast: GBP/USD softens to near 1.3490
Cable dipped on Monday on fresh risk aversion and tested again key 1.3470 support zone (Fibo 38.2% of 1.3140/1.3675, reinforced by rising 55DMA and bull-trendline off 1.3140 low) where several attacks have been recently rejected.
Pound Sterling Price News & Forecast: GBP/USD tests five-week lows as US Treasury yields surge
British Pound: Downside pressure persists against US Dollar - UOB
GBP/USD Price Forecast: Bears flirt with monthly low, near 1.3480-1.3470 confluence
Intraday levels showing possible support around 1.3475 which may support the market over the Intraday levels As we see over the chart market facing supports at 1.3475 and 1.3400 where each support may have the chance to push for advance toward 1.3675 Below 1.3400 more drops toward 1.3280 is likely SUPPORT RESISTANCE LEVEL1 1.3475 […]
The Pound-Canadian Dollar could stay supported if UK inflation keeps BoE hike expectations alive, although firmer oil prices may help the Loonie recover. The Pound Canadian Dollar (GBP/CAD) exchange rate wavered last week amid rising oil prices and US-Canada trade tensions, before upbeat UK GDP supported Sterling.
The foreign exchange market is heading into a busy week, with the Federal Reserve meeting on 15–16 September, followed by the Bank of England's rate decision on 17 September. This sequence of central bank meetings, rather than individual macroeconomic releases, is shaping the current fundamental backdrop for the pound.
Pound Sterling's GDP-driven gains face a policy test as ING expects no Bank of England hike, while the ECB's inflation outlook points towards further tightening. The Pound to Euro (GBP/EUR) exchange rate ended the trading week near 1.1663, up 0.24% on the day, however analysts at ING still expect a retreat towards 1.15 in Q4.