GBP/USD Forecast: correcting, but still bullish

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 30, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The Sterling rallied with London opening, up to 1.4450 against the greenback, from where the pair is currently retreating, towards the 1.4400 region. Once again, the UK calendar remained empty, with dollar´s weakness being the main market driver. With stocks rallying across the world, there's little room for dollar gains later today, albeit the release of the US ADP report may gave the greenback a short lived boost if it beats expectations. Crude oil stockpiles may also affect the Pound,

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