- Wednesday, 09 March 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 10 March
Sterling was pushed initially lower after weaker than expected UK Industrial Production figures, but quickly rebounded and broke above 1.42 handle. Tomorrow, we would pay attention to UK CPI figures. Any type of supportive candles around 1.4150 level and 1.41 area, would be short-term buying signal, while resistive candles above 1.43 and 1.4350 area in extension, would offer short-term buying opportunity. Read more...
- Wednesday, 09 March 2016
- News
UK Industrial Production increased by 0.3%
- Tuesday, 08 March 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 09 March
Sterling spent most of the Tuesday's session in a decline after dovish comments from BoE regarding stanzas on Brexit referendum. However, pair managed to stay above 1.42 handle. Tomorrow, we would pay attention to UK Industrial Production figures. Any type of supportive candles around 1.4150 level and 1.41 area, would be short-term buying signal, while resistive candles above 1.43250 and 1.43 area in extension, would offer short-term buying opportunity. Read more...
- Tuesday, 08 March 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 09 March
There were no data releases from the UK yesterday, but the focus was on boE Governor Carney testimony at the UK Treasury Committee. Bank of England (BoE) governor Mark Carney reiterated that the British central bank would not make a recommendation on the referendum scheduled for June 23 that would decide if the U.K. remains in the European Union (EU) or decides to leave the group, commonly referred to as “Brexit”, but that he would ensure actions to mitigate any short-term effects to financial stability.
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