Trade of the Week: GBPUSD in for an early-Christmas cracker?
"Cable" is forecasted to trade between 1.2528 and 1.2788 this week. Find out which US and UK macroeconomic data releases could move this FX pair in this penultimate trading week of 2023.
The Bank of England is expected to keep rates at 5.25% after its meeting today. A “hawkish hold” should see GBP relatively well supported as it battles to break out of its long-term downtrend.
Find out why the UK100_m is the only major stock index that's moving higher today, while other major Asian, European, and US stock indexes are deep in the red.
The Pound is the worst-performing G10 currency against the US dollar today, as the UK economy struggles in light of the Bank of England's aggressive rate hikes.
FIND OUT MORE: how lower-than-expected UK inflation is affecting GBPUSD, the inverse relationship between the Pound and the FTSE 100, as well as potential targets for UK100_m bulls.
"Cable" is forecasted to trade between 1.2528 and 1.2788 this week. Find out which US and UK macroeconomic data releases could move this FX pair in th...
GBPUSD
inflation
Bank of England
Federal Reserve
rate hikes
Recession
Find out why the UK100_m is the only major stock index that's moving higher today, while other major Asian, European, and US stock indexes are deep in...
uk100
Bank of England
inflation
economic outlook
GBPUSD
The Pound is the worst-performing G10 currency against the US dollar today, as the UK economy struggles in light of the Bank of England's aggressive r...
GBPUSD
PMI
Bank of England
Jackson Hole
Fed Chair Jerome Powell
FIND OUT MORE: how lower-than-expected UK inflation is affecting GBPUSD, the inverse relationship between the Pound and the FTSE 100, as well as poten...
FTSE100
inflation
Bank of England
Stocks
rate hikes
BoE
GBPUSD
British Pound
Sterling