The sterling pound (GBP) is weak, lowering a modest 0.2% against the US dollar (USD) but submitting in front of all the G10 coins in a relatively quiet operation, they point out the head strategists of FX of Scotiabank, Shaun Osborne and Eric Theoret.
The markets await the IPC on Wednesday and the BOE on Thursday
“Market participants are waiting for the IPC on Wednesday and BOE on Thursday. Inflation is expected to show a downward trend while staying in the average/lower area of 3% both generally and in the underlying. and an accumulated of 50 basic points for December, adding around 5 basic points of relaxation to the latter in the last month. “
“The trend of the GBP/USD remains a bullish, given its recent impulse to new maximum of several years above 1.36. However, the bullish impulse is decreasing something, although the long -term trend is clearly defined by the sequence of minimums and maximum higher observed after the minimum of mid -January. There are no important long -term resistance levels before 1,3750. The last range is defined by support below 1,3480 and resistance above 1,3620.
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.
