The sterling pound (GBP) enters the American session of the flat Thursday against the US dollar (USD), surpassing all the currencies of the G10 with the exception of the euro (EUR), says the head of FX strategy of FX of ScotiabankShaun Osborne.
Markets wait for BOE next week
“The second -class loan data and the money supply were mixed, while the final manufacturing PMI offered a modest surprise, printing a 45.4 still in contraction (below 50) although improving from the initial launch of 44.0. There are no important events or publications scheduled before the BOE policy decision next Thursday, where the markets are valuing 27 basic points of cuts.”
“The update of the forecasts of the Central Bank will be critical, since it will provide information on the thought of those responsible for the policy around tariffs, trade and implications for fees. Markets are valuing a accumulated of 100 basic points of feat cuts for the end of the year.”
“The trend is bullish, given the sequence of higher and highest maximum maximums since March. The RSI has softened something, but the decreasing impulse is not enough to violate the upward trend. For now, we highlight the recent rank and the movement of the GBP/USD, which is approximately limited between the 1.32 means and the 1.34 means.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
