1) NO change and no statement – Bean, Sentence and Besley are still hawkish on inflation even with the worsening data – the 6bp that are priced into today are immediately pushed to the June meeting for a fully priced cut making next weeks array of data all the more important. Sterling will rally 75pts [...]
Entries Tagged as 'GBPUSD'
GBPUSD: Bank of England – three scenarios:
May 8th, 2008 · No Comments
Tags: GBPUSD
GBP/USD: Double Bottom Forms at 1.9724
March 27th, 2008 · No Comments
GBP/USD – Focus shifts to resistance at 2.0314 after double bottom forms near 1.9724.
GBP/USD reached price target at 2.0150 today after the formation of a double bottom near 1.9724 halted a retracement phase. With 61.8% Fibonacci retracement of the February-March rally at 1.9757 also holding as valuations near oversold levels, support at 2.0015 and 1.9724 [...]
Tags: GBPUSD
Technical Perspectives: GBP/USD Recuperation Well Underway?
March 26th, 2008 · No Comments
The GBP has been the weakest of the European currencies in 2008, with only the CAD trailing the GBP among G10 currencies this year. In fact, over the last week the trade-weighted GBP traded at its lowest level since March 1997. However, versus the weak USD the GBP has begun to display impressive performance. First, [...]
Tags: GBPUSD