GBP/USD consolidates but prospects of bullish extension loom GBPUSD Currencies BOE Fed
traded in a volatile fashion around 103.00 but was posied higher due to the hotter-than-expected data that was regarded to be dashing hopes that the Federal Reserve will soon end its tightening campaign.
For Wednesday's key data in the US, analysts look for a strong rebound in retail sales following December's sharp contraction, with a surge in auto sales playing a significant role after consecutive declines in Nov-Dec. ''Importantly, control group sales likely also jumped owing to a strong showing in online spending. We also look for sales in bars/restaurants to have advanced for the first time in three months.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
GBP/USD declines towards 1.2000 as Fed’s higher interest rate concerns strengthenThe GBP/USD pair is displaying a sideways action around 1.2050 in the early Asian session. The Cable is expected to display further downside as the od
Les mer »
GBP/USD stays defensive near 1.2050 as risk aversion precedes US, UK inflationGBP/USD stays defensive near 1.2050 as risk aversion precedes US, UK inflation – by anilpanchal7 GBPUSD RiskAppetite Inflation Employment CentralBanks
Les mer »
GBP/USD trades with modest losses around mid-1.2000s, lacks follow-through sellingGBP/USD trades with modest losses around mid-1.2000s, lacks follow-through selling – by hareshmenghani GBPUSD Fed Inflation Recession Currencies
Les mer »
GBP/USD Forecast: Pound Sterling recovery stalls as key resistance holdsAfter having snapped a three-day winning streak on Friday, GBP/USD has started the new week in a calm manner and found it difficult to make a decisive
Les mer »
GBP/USD Forex Signal: Exchange Rate to Retreat to 1.1845The GBP/USD pair continued pulling back because of the strong US dollar.
Les mer »
GBP/USD retakes 1.2100 amid a modest USD downtick, further positive move seems unlikelyGBP/USD retakes 1.2100 amid a modest USD downtick, further positive move seems unlikely – by hareshmenghani GBPUSD RiskAppetite Fed Inflation Currencies
Les mer »