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GBP Daily Review June 14, 2018

GBP Daily Review for June 14, 2018

GBPUSD May Fall Further After In-Line UK Inflation Data

GBPUSD will likely remain under downward pressure despite a same-again 2.4% increase in UK CPI year/year in May; the Bank of England will probably still

 

Pound at Risk on UK CPI, US Dollar to Rise on Hawkish Fed

The British Pound may fall as soft UK CPI data cools BOE rate hike bets while the US Dollar gains as Fed forward guidance turns

 

GBP/USD Lags Behind as U.K. CPI Fails to Boost Bets for BoE Rate-Hike

GBP/USD may continue to give back the advance from the May-low (1.3204) as data prints coming out of the U.K. do little to boost bets

 

GBPUSD Rally Likely Near-Term After Moving Averages Cross Over

– However, in the near-term, a rally is possible after a moving average crossover on the five-minute chart. Check out the IG Client Sentiment data to

 

US AM Digest: GBP Remains Pressured as Inflation Sticks at 1yr Low, USD Muted Ahead of FOMC

US AM Digest: GBP Remains Pressured as Inflation Sticks at 1yr Low, USD Muted Ahead of FOMC

 

EUR/USD and GBP/USD Forecast June 14, 2018

The EUR/USD pair had a volatile session during the day on Wednesday as you would expect, with the FOMC Statement coming out during the day. However, today we…

 

Have a nice trading!




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