- Wednesday, 30 December 2015
- Daily Technical Analysis
GBP/USD Daily Forecast – 31 December
Sterling managed to rebound slightly in the course of the session on Wednesday as area slightly below 1.48 handle offered plenty of support at the moment, since it is important area based on long-term charts. However, area that was previously supportive around 1.4860 level should offer plenty of resistance at the moment. Read more...
- Wednesday, 30 December 2015
- News
UK house prices increased by 0.8%
- Tuesday, 29 December 2015
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 30 December
With no data releases from the UK, focus remains on BoE rate hike. A gift of higher wages wouldn't be taken for granted by Bank of England (BOE) Governor Mark Carney, who has asked to see a 3 percent bump in wage growth by year-end before he would even consider raising the U.K.'s record-low interest rate. While Britain has managed to cut unemployment to 5.2 percent — its lowest level since 2006 — wage inflation has remained stubbornly low, with the Office for National Statistics reporting 2 percent growth, including bonuses, in the three months to October. That might not be so bad, until you consider that's down from 2.9 percent the previous quarter.
Read more...- Tuesday, 29 December 2015
- Daily Technical Analysis
GBP/USD Daily Forecast – 30 December
After it broke above 1.49 handle in an overnight part of the trade, Sterling spent rest of the session in a downtrend going even below 1.48 handle, though it found some amount of support around this area. This is a sign that pair is ready to go lower, especially when full liquidity returns back to the markets after holiday season. Read more...
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