GBP/USD

GBP/USD Tests Resistance Near 1.3700 Amid Rising Inflation in the UK

GBP/USD Outlook: 21st January 2021 United Kingdom – Consumer Price Index On Wednesday, at GMT 7:00 a.m., the UK’s Office for National Statistics released the year-over-year Consumer Price Index (CPI). It measures the changes in the price of goods and services acquired by consumers.  The CPI basically measures the inflation level in the economy. This […]

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GBPUSD records its highest in two and a half months

GBPUSD Weekly Outlook: 23rd November 2020 GBPUSD expanded its gains to record the second daily rise and its highest level in two and a half months. These broad gains prompted optimistic news related to the potential Coronavirus vaccine, which encouraged Uk forex investors to buy high-risk assets. And also supported gains The British Pound advances […]

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GBPUSD rose on expectation of Brexit agreement by end of 2020

GBPUSD

GBP/USD Weekly Outlook: 18th November 2020 GBPUSD continued to achieve its gains recording its fourth consecutive daily rise and its highest level in a week. These successive gains come in light of the continued decline of the US dollar. In addition to the increasing hopes for reaching a final trade agreement between the United Kingdom […]

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GBP/USD Eyes Key Resistance As Unemployment Claims in the UK Sharply Declines

GBP/USD Weekly Outlook: 14th October 2020 United Kingdom – Claimant Count Change On Tuesday, at GMT 7:00 a.m., the UK’s Office for National Statistics released the Claimant Count Change figure. It measures the changes in the number of people claiming unemployment-related benefits during the previous month. It is the first fundamental indicator of the month […]

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