GBP/USD Weekly Forecast - 12 March - 16 March
Sterling went back and forth in the course of the last week, with support around 1.3760 level and resistance around 1.39 handle. In the end pair finished the week around 1.3850 handle, despite weaker than expected UK Industrial Production. Next week we would pay attention to UK Budget release. On a short-term basis, we believe that pair will find some amount of support around 1.3750 and 1.37 area initially next week, while area above 1.3950 handle should offer some amount of resistance.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most…
-
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures…
-
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports…
-
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…