GBP/USD Forecast: Strong support at 1.5248, Eyes US GDP

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 29, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair fell to a low of 1.5248 in the NY session on Wednesday after the FOMC statement revived hopes of a rate hike in December. The statement said the Fed is no longer worried about the global problems and expects the economy to expand at a moderate pace. It further said it would consider whether to hike rates or not in December. Markets priced-in December Fed as a live event By no means a December rate hike is a done deal as the Fed stays data dependent. Overall, the statement was

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