- Pound Sterling struggles to extend upside amid multiple headwinds. Despite a significant improvement, the UK Services PMI failed to conquer the 50.0 threshold.
Andrew Bailey remains confident of bringing down inflation to 5% or below by year-end.
- The Pound Sterling (GBP) recovers as the appeal for risk-perceived assets improves but struggles to extend the upside. The upside in the GBP/USD pair seems limited as the United Kingdom’s economy is approaching a slowdown due to vulnerable economic activities, potential inflation shocks, and deteriorating demand.
- In spite of an improvement in the UK Services PMI, the economic data remains below the 50.0 threshold, suggesting a contraction. The UK economy is failing to absorb the consequences of higher interest rates by the Bank of England (BoE), rising oil prices, and supply chain disruptions due to the Russia-Ukraine war.
" Psychology, discipline and capital management are the three factors that make victory possible "
Andrew Bailey remains confident of bringing down inflation to 5% or below by year-end.
- The Pound Sterling (GBP) recovers as the appeal for risk-perceived assets improves but struggles to extend the upside. The upside in the GBP/USD pair seems limited as the United Kingdom’s economy is approaching a slowdown due to vulnerable economic activities, potential inflation shocks, and deteriorating demand.
- In spite of an improvement in the UK Services PMI, the economic data remains below the 50.0 threshold, suggesting a contraction. The UK economy is failing to absorb the consequences of higher interest rates by the Bank of England (BoE), rising oil prices, and supply chain disruptions due to the Russia-Ukraine war.
" Psychology, discipline and capital management are the three factors that make victory possible "
Note
- Pound Sterling aims to extend upside toward the round-level resistance of 1.2200 as the US Dollar shifts on the backfoot after the release of the weaker-than-anticipated US ADP Employment Change data.Note
GBP/USD consolidates its strong recovery gains registered over eth past two days. Traders move to the sidelines and keenly await the release of the US NFP report.Note
BoE’s Broadbent remains confident about achieving price stability in two years.Note
Bank of England Decision Maker Panel survey offered a few interesting highlights. Economists at ING discuss GBP outlook.Trade active
Note
GBP/USD rebounds from multi-month lows, climbing to 1.2240s amidst a backdrop of positive US labor market data.Trade active
Note
GreatTrade active
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.