Hello dear friends!
As predicted, GBPUSD has performed well in maintaining its upward momentum and successfully conquering the high of 1.271.
Currently, the price is fluctuating around 1.276 and showing signs of forming a new peak at the level of 1.278.
Furthermore, Powell's soothing tone has boosted the key indices of Wall Street, leading to a significant decrease in the US Dollar (USD) and US Treasury bond yields. This dovish sentiment from the Bank of England has provided some support for the British Pound and uplifted this currency pair.
As predicted, GBPUSD has performed well in maintaining its upward momentum and successfully conquering the high of 1.271.
Currently, the price is fluctuating around 1.276 and showing signs of forming a new peak at the level of 1.278.
Furthermore, Powell's soothing tone has boosted the key indices of Wall Street, leading to a significant decrease in the US Dollar (USD) and US Treasury bond yields. This dovish sentiment from the Bank of England has provided some support for the British Pound and uplifted this currency pair.
Trade active
Note
GBPUSD price decreased as expected
Related publications
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.
Related publications
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.