GBP Daily Review for June 14, 2018
|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|
|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 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|
|– 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|
|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!