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GBP/USD Forecast: bullish potential persist

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The GBP/USD pair consolidated its recent gains during the Asian session, but was unable to advance beyond the high set late Monday, at 1.4283, weighed by increasing risk aversion after Chinese trade balance data disappointed. According to official data, exports fell by 25.4% in February, while imports slid by 13.8%, resulting in a surplus of 32.59B in dollar terms, well below the previous 63.3B and the expected 50.15B. At the time of writing BOE's Governor Mark Carney is speaking of "the

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