- Tuesday, 08 March 2016
- News
BoE will not recommend position on Brexit
- Monday, 07 March 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 08 March
Sterling was pushed all the way to 1.4130 handle on Monday, though there were no major data releases, but managed to rebound by the end of the session, breaking above 1.42 handle,thus forming a hammer. As for Tuesday, 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...
- Monday, 07 March 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 08 March
There were no major data releases from the UK yesterday. The UK data run has also managed to surprise positively relative to market expectations but the reality of the “Brexit” referendum, called by UK Prime Minister Cameron after he won concessions for the UK on its participation in the European Union (EU), has boosted uncertainty in the GBP. The referendum will be held on June 23rd. Read more...
- Monday, 07 March 2016
- News
Sterling fell below 1.42 handle
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