GBP/USD Weekly Perspective: The sterling pound is corrected in the midst of geopolitical and economic concerns
The pound sterling (GBP) was corrected after reaching about 1.3000 against the US dollar (USD) in the middle of the week. However, the GBP/USD pair remains at its highest level in four months.
During the weekend, the US launched large -scale air attacks in Yemen, pointing to the Houthi militant group supported by Iran. In response, the Houthis attacked US ships in the Red Sea, which Trump promised to stop, warning that “hell will fall” if they continue. Read more…
Elliott of GBP/USD wave technical analysis [Video]
This 4 -hour Elliott wave analysis of the GBPUSD focuses on the structure and short -term movement of the torque. The current market behavior reflects a corrective phase instead of a strong directional trend. At this stage, orange wave 4 is developing within the broadest context of the navy blue wave. Read more …
GBP/USD Prognosis: The cautious tone of the BOE fails to lift the sterling pound
The GBP/USD remains down and listed below 1,2950 after closing in negative territory on Thursday. The technical perspective of the PAR highlights a short -term bearish pressure accumulation.
The Bank of England announced Thursday that it maintained the policy rate by 4.5%, as expected widely. Only a policy officer, Swati Dhingra, voted in favor of a 25 basic points cut (BPS). In the policy statement, the BOE reiterated that it will adhere to a “gradual and careful” approach to eliminate policy restrictions, adding that the policy must remain restrictive for a long enough time. Although Boe’s caution on greater relief limited the losses of the sterling pound, it failed to support the currency in a remarkable way. Read more…
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.
