GBP/USD: awaiting key trade data - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The GBP/USD pair fell down to 1.4117 on the back of dollar's rally post-ECB announcement, but managed to recover towards a fresh 3-week high of 1.4316 as the American currency resumed its slide.

    Key Quotes:

    Pound had no life of its own this Thursday, as the macroeconomic calendar remained empty in the UK, for the most, replicating EUR/USD behavior within a narrower range.

    "On Friday, the United Kingdom will release its January trade balance figure, with a larger deficit expected, and the Consumer Inflation expectations, latest at 2.0%. Better-than-expected readings can push the pair higher, leaving it poised to test the 1.4500 mark next week."
    For more information, read our latest forex news.

Share This Page

free forex signals