Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

GBPUSD Forecast And Technical Analysis Week of Nov. 13-17

By

PrintPRINT

This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

We have two different fundamentals that effect GBPUSD. Economical data and the political events.

On the Sterling side: GBP was set to halt a three-week decline, while U.K. government bonds slumped as the latest update on the Brexit talks indicated there was still room for agreement by December.
Sterling climbed to its highest since last week's Bank of England interest-rate increase after Brexit secretary David Davis and his European Union counterpart Michel Barnier said they would work with the goal of moving talks on to trade next month. GBPUSD was also supported on Friday by better-than-forecast industrial data, and an estimate from the National Institute of Economic and Social Research that suggested economic growth had accelerated in October. Benchmark 10-year gilt yields rose to the highest in a week.

On the Dollar side: Fears of Delay To Corporate Tax Cut. USd traded lower against a basket of currencies on Friday as consumer confidence data fell short of expectations while ongoing fears over delays to corporate tax cuts continued to weigh on sentiment.

Key data in week ahead

Both UK and US economic calendar is full. Starting from Tuesday inflation, sales and unemployment ( CPI, PPI, labour market data and retail sales ) data will be released on both sides. This week can set a clear signal for Cable's further direction.

Continue Reading


This article was written by Emre Tutucu for http://www.fxters.com/gbpusd-forecast-technical-analysis-week-nov-13-17/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

< Previous
  • 1
Next >
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE