Pounded Pound Stages Relief Rally On Strong UK Data
The pound, already out of favour ever since the Bank of England’s last policy meeting a couple of weeks ago, fell further yesterday in response to softer-than-expected UK inflation figures.
GBP
Dollar Extends Gains In A Busy Week For US Data
The dollar has staged a broad-based rally today, which caused the GBP/USD to tumble to a new 31-year low and the EUR/USD momentarily dipped below its 200-day moving average once again.
GBPUSD Shows Signs Of Life
The GBPUSD ended higher last week on the back of surprisingly stronger-than-expected UK economic data and as the dollar eased along with expectations about an imminent rate hike in the US.
GBPUSD Forecast June 29, 2016, Technical Analysis
The GBPUSD pair rose slightly during the course of the session on Tuesday, but did get back some of the gains.
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