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- GBP / USD is a finger in the work of the air; The Brexit and UK Parliament are too haphazard to define a definite sustainable trend (although volatility may lead to scalping strategies for the bravest).
- GBP / USD is currently trading at 1.3118, ranging from 1.3045 to 1.3118.
The GBP / USD leads to the FOM minute today (top of the hour), up 0.52% on the day. However, the price action in pound is more related to the auction flow in dollars, leaving the circuit down 0.15% on the DXY and slipping below the threshold of 97 – (despite the CPI published in March in the United States, + 1.9% vs. + 1.8% expected).
The dollar resumed an offer yesterday as a result of the decline in the benchmark and risk-free environment (the IMF lowers the global growth forecast and conflicts between the European Union and the United States , starting a niche market on rates) – but US equities have stabilized and S & P has corrected higher before the FOMC minutes, waiting for a dovish tone.
The eyes are on the Brexit and traders are nervous to follow up on their offers in the pound sterling at this point, while Prime Minister May is seeking an extension of the EU. Here are the last notes while we wait for the result and the possible announcements later today:
Meanwhile, Rabobank badysts explained, noting the disorder in British politics and parties,
"If there was a general election, both the Conservative and Labor parties would almost certainly see support weaken, which would likely result in a suspended parliament and possibly a Labor-led coalition government. In such a messy environment, the outlook for the GBP will probably remain clouded for an extended period. "
GBP / USD Technical Analysis:
GBP / USD technical badysis: cable reached its highest level in three days in the middle of the Brexit saga and in front of the FOMC
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