$GBPUSD Forex Signal: No End in Sight for the Sterling Comeback
Federal Reserve
Smaller rate hikes will also give the officials a chance to evaluate the impact of the past rate hikes. The market now expects that the bank will hike rates by 0.50% in its December 14 meeting. A key concern among market participants is the terminal rate. In recent statements, Fed officials have insisted that they will need to see a sustained period of low inflation before they change their tone on tightening.
The GBP/USD price also reacted to the better-than-expected UK manufacturing and services PMI numbers. According to S&P, the manufacturing PMI remained at 46.2 while the services PMI remained at 48.8. The two were better than the median estimates of 45.7 and 48, respectively,
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD refreshes daily high, 1.1900 mark back in sight amid notable USD supplyThe GBP/USD pair attracts fresh buying in the vicinity of the 1.1800 round-figure mark on Tuesday and reverses a major part of the overnight losses. T
Read more »
GBP/USD Forex Signal: Consolidating Below $1.2000I wrote in my previous forecast last Wednesday that we were probably due for a period of consolidation below $1.2000.
Read more »
GBP/USD Price Analysis: Establishment above 1.2000 is a prerequisite for further upsideGBP/USD Price Analysis: Establishment above 1.2000 is a prerequisite for further upside – by Sagar_Dua24 GBPUSD Volatility Breakouts ChartPatterns SupportResistance
Read more »
GBP/USD Price Analysis: Advocates further volatility towards the northGBP/USD Price Analysis: Advocates further volatility towards the north – by anilpanchal7 GBPUSD Technical Analysis SwingTrading SupportResistance Majors
Read more »
GBP/USD Price Analysis: Bulls are solid after a Symmetrical Triangle breakout above 1.1900GBP/USD Price Analysis: Bulls are solid after a Symmetrical Triangle breakout above 1.1900 – by Sagar_Dua24 GBPUSD Volatility ChartPatterns SupportResistance Momentum
Read more »
GBP/USD Price Analysis: Bulls gather strength to take out the key 1.2200 resistanceGBP/USD is consolidating the upside below 1.2100, having failed to sustain above the latter earlier in the Asian session this Thursday. The strength i
Read more »