- Wednesday, 27 January 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 28 January
Wednesday brought UK house prices data. House prices increased by 0.3% in January, while annual house price growth broadly stable at 4.4%, according to the latest Nationwide report. The pace of UK house price growth remained broadly stable during January. Indeed, annual house price growth has remained in a fairly narrow range between 3% and 5% since the summer of 2015. This trend was maintained in January, with house prices up 4.4% over the year, broadly in line with the 4.5% increase recorded in December. Read more...
- Wednesday, 27 January 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 28 January
Sterling spent most of the yesterday's session in a decline, being unable to break above 1.4350 level which has been quite resistive during this week. However, pair found some smaller amount of support around 1.4220 level, but was not especially effected by FOMC statement. As for tomorrow focus will be on UK GDP figures. Weaker than expected figures would push pair back to 1.4150 handle, while better than forecasted data would cause an uptrend to 1.4350 level.
Read more...- Wednesday, 27 January 2016
- News
UK house prices increased by 0.3%
- Tuesday, 26 January 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 27 January
There were no data releases from the UK yesterday, with traders still speculating on BoE's rate hike. The Bank of England (BoE) should begin rising interest rates as soon as wages and unit labor costs begin to increase more, the text of the speech by BoE policymaker and rate-setter Kristin Forbes showed. "Once this upward momentum in wages and unit costs builds, as I expect it will, then it will be time for the UK to follow the example of its fellow 'city' and begin the slow and gradual process of tightening monetary policy. The relatively smooth experience of 'lift-off' in the US suggests that, at least in this 'Tale of Two Cities', there will not be a revolution," Kristin Forbes will say during her speech to the Henry Jackson Society in Parliament on Tuesday.
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