The Pound Sterling trades sideways near 1.2750 against the USD as investors await the US inflation data for November.
The impact of US inflation should be limited on Fed interest rate prospects unless there is a dramatic deviation from expectations.
Investors expect the BoE to leave interest rates steady at 4.75% on December 19.
Inflation Rate MoM
forecast: 0.3%
previous:0.2%
Core Inflation Rate MoM
forecast: 0.3%
previous: 0.3%
The Pound Sterling strives to reclaim the key resistance of 1.2800 against the US Dollar. The GBP/USD pair holds the 20-day Exponential Moving Average (EMA) around 1.2720.
The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend.
Depending on how the inflation information is received, it could see the
GBPUSD claim 1.2800 or head down to 1.2500
The impact of US inflation should be limited on Fed interest rate prospects unless there is a dramatic deviation from expectations.
Investors expect the BoE to leave interest rates steady at 4.75% on December 19.
Inflation Rate MoM
forecast: 0.3%
previous:0.2%
Core Inflation Rate MoM
forecast: 0.3%
previous: 0.3%
The Pound Sterling strives to reclaim the key resistance of 1.2800 against the US Dollar. The GBP/USD pair holds the 20-day Exponential Moving Average (EMA) around 1.2720.
The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend.
Depending on how the inflation information is received, it could see the
GBPUSD claim 1.2800 or head down to 1.2500
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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.
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.