The GBPUSD jumped upwards in the middle of last week- Forex Forecast
went into this weekend near the 1.24470 ratios; the result higher for the entire week upon inspection is a solid result for the currency pair.
. The comments from the U.S Fed officials on Wednesday caused speculative buying of the GBP/USD, and by Thursday the Forex pair hit a high of almost 1.25410. And on Friday the GBP/USD briefly touched a value of nearly 1.25450.Forex trading however is very seldom easy and the U.S jobs numbers on Friday proved the point.
. This week will be rather light on economic data, and market conditions are likely going to be ruled by technical perceptions and debate in the media regarding interest rates as the shadow of the coming U.S Federal Reserve interest rate decision on the 14After coming off of lows early in the week, the GBP/USD showed an ability to climb higher and confirmed speculative opinion the currency pair had been oversold in the week previously.
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