Get our daily Forex signal for $GBPUSD here
The GBP/USD pair made a strong bearish breakout last week even after the Bank of England decided to hike interest rates by 0.50%. This was the biggest rate hike since 1994 and is a sign that the bank is committed to continuing with its battle against inflation.
The GBP/USD pair also dropped after Nancy Pelosi’s trip to Taiwan. Shortly after the trip, China started drills on how it will finally attack Taiwan. These drills continued during the weekend and analysts believe that China will likely accelerate its invasion plans. The unemployment rate dropped to 3.5% while the participation rate continued rising. Notably, wages continued rising in July even though they are growing at a slower pace than inflation. Therefore, these numbers will likely put pressure on the Federal Reserve to continue tightening.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Weekly Forex Forecast - EUR/USD, GBP/USD, AUD/USD, USD/JPYThe euro went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level.
Weiterlesen »
EUR/USD Forex Signal: Pair to Remain Range-BoundThe $EURUSD currency pair came under intense pressure after the strong American jobs numbers pointed to more tightening by the Federal Reserve. FOREX SIGNALS
Weiterlesen »
Forex Forecast: Pairs in Focus \u2013 EUR/USD, S\u0026P 500 IndexGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of August 8, 2022 here.
Weiterlesen »
Weekly Forex Forecast - EUR/USD, GBP/USD, AUD/USD, USD/JPYThe euro went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level.
Weiterlesen »
Trading Support and Resistance \u2013 AUD/USD, EUR/USD, GBP/USDGet our trading strategies with our monthly \u0026 weekly forecast of currency pairs worth watching using support \u0026 resistance for the week of August 8, 2022.
Weiterlesen »
EUR/USD Forex Signal: Pair to Remain Range-BoundThe $EURUSD currency pair came under intense pressure after the strong American jobs numbers pointed to more tightening by the Federal Reserve. FOREX SIGNALS
Weiterlesen »