Tue. Oct 19th, 2021

The GBP / USD falls further to 1.3890, but ensures weekly gains

The dollar gains momentum late Friday and cuts weekly losses. Cable bosses are making the biggest weekly gain since May. Next week’s key events: PNF and Bank of England meeting. The GBP / USD was unable to hold gains on Friday and fell to 1.3890, reaching the lowest levels since Wednesday. Despite the decline, cable is about to record the biggest weekly gain since early May, driven by a weaker US dollar. Read more …

GBP / USD weekly forecast: will the Bank of England come out?

Improving COVID and strengthening the economy encourage the pound sterling. The BoE meeting next week leads to speculation about rate hikes. The contrast between the policies of the Federal Reserve and the BOE benefits the pound. The rapid improvement in the coronavirus situation in the UK, the strengthening of the economy and rising inflation helped push the pound sterling to its highest close against the US dollar in a month. The GBP / USD rose 1.2% on the week, rose 2.1% from its low of 1.3628 eight sessions ago and reversed on Friday close to the 61.8% Fibonacci retracement. from 31 May to 20 July by 4.1%. Read more …

GBP / USD analysis: Bulls remain under control and exceed the expected 1,4000

The GBP / USD pair reversed the intraday fall in the 1.3935 region and turned positive for the fifth consecutive session on Friday. The climb pushed the pair to the highest level since the previous session was played on June 24 and was sponsored by a combination of factors. The British pound has been one of the most prominent currencies this week and has been supported by the fall in COVID-19 cases in the UK. Read more …

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