GBP/USD Coils Ahead of BOE ‘Super Thursday’

With no change to interest rates expected, traders will key in on the BOE’s vote split and economic forecasts. GBP/USD is consolidating in a symmetrical triangle pattern, and a bearish breakdown could extend the H2 selloff below 1.2000.British pound , which sits near the top of the relative FX performance charts among the major currencies, … Read more

GBP/USD remains on the defensive below 1.2150

2200 mark Market players await the highly anticipated Federal Open Market Committee (FOMC) policy meeting on Wednesday ahead of the Bank of England (BoE) on Thursday These events might trigger the volatility in the market GBP/USD currently trades near 12139, losing 011% on the day Read More GBP/USD fails to hold above the 20-day SMA, … Read more

GBP/USD remains on the defensive below 1.2150, Fed, BoE rate decisions eyed

GBP/USD extends its downside around 1.2140 ahead of key events. Federal Open Market Committee (FOMC) is expected to hold the rate unchanged at its November meeting while holding a hawkish stance. Bank of England (BoE) is anticipated to keep rates steady amid the fear of potential recession in the UK. The FOMC and BoE meetings … Read more

GBP/USD fails to hold above the 20-day SMA, eyes on BoE and Fed

mentum with the DXY Index, advancing to 10670, mainly driven by a cautious market mood In that sense, as the economic calendar was empty with no relevant reports released by the US or the UK, the Greenback’s strength explained the pair’s trajectory Read More Pound Sterling falls sharply on UK slowdown fears, BoE policy in … Read more