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GBP/USD Forecast June 30-July 4

GBP/USD was unchanged this week, as the pair continues to trade above the 1.70 level. The pair closed the week at 1.7019. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.

US GDP for Q1 shocked the markets with a decline of 2.9%. In the UK, BOE Governor Mark Carney sounded more dovish about interest rate increases, saying they would be slow and gradual.

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GBP/USD Outlook June 2-6

GBP/USD Outlook June 2-6

GBP/USD lost 80 points on the week, as the pair closed at 1.6752. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US Unemployment Claims bounced back with a strong release, and consumer confidence continues to trade at high levels. However, GDP surprised [&hellip

GBP/USD Outlook April 28-May 2

GBP/USD Outlook April 28-May 2

GBP/USD had an uneventful week and was practically unchanged. The pair closed the week just shy of the 1.68 line. This week’s highlights are Preliminary GDP and Construction and Manufacturing PMIs. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. In the UK, Retail Sales sagged in March but [&hellip

GBP/USD Outlook Mar 31-Apr 4

GBP/USD Outlook Mar 31-Apr 4

GBP/USD reversed directions last week, gaining 140 points. The pair closed the week at 1.6636. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US Unemployment Claims and GDP looked solid last week, but housing numbers failed to meet expectations. In the UK, CPI [&hellip

GBP/USD Outlook March 3-7

GBP/USD Outlook March 3-7

GBP/USD reversed directions last week, posting gains of 100 points. The pair closed the week slightly above the 1.66 line. This week’s highlights are the PMI releases. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US releases continue to sputter, as GDP missed the estimate and Unemployment Claims were higher [&hellip

GBP/USD Outlook Jan. 27-31

GBP/USD Outlook Jan. 27-31

GBP/USD posted modest gains last week. The pair climbed close to the 1.67 line last week, but was unable to consolidate at these levels and closed the week at 1.6477. This week’s highlight is Preliminary GDP. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. US Unemployment Claims enjoyed another good [&hellip

GBP/USD Outlook Dec.30-Jan.3

GBP/USD Outlook Dec.30-Jan.3

GBP/USD made the most of low liquidity in holiday markets last week, gaining about 150 points. The pair closed at 1.6476. This week’s highlights are Manufacturing and Construction PMIs. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. The pound managed to post sharp gains last week despite strong US [&hellip

GBP/USD Outlook Nov. 25-29

GBP/USD Outlook Nov. 25-29

GBP/USD continues to rally, and gained about 100 points last week. The pair closed slightly over the 1.62 level. This week’s key releases are the Inflation Report hearings and Second Estimate GDP. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD. The pound got a boost late in the week from a [&hellip

GBP/USD Outlook Oct. 28 – Nov. 1

GBP/USD Outlook Oct. 28 – Nov. 1

GBP/USD was almost unchanged last week, as the pair closed the week at 1.6161. This week’s highlight is Manufacturing PMI. Here is an outlook of the events and an updated technical analysis for GBP/USD. US employment and manufacturing numbers disappointed last week, but the dollar held its ground against the pound. GBP/USD graph with support [&hellip

GBP/USD Outlook Sep. 30-Oct. 4

GBP/USD Outlook Sep. 30-Oct. 4

GBP/USD continues to move higher and broke through the 1.61 line this week. The pair closed the week at 1.6136. This week’s key events are Manufacturing, Services and Construction PMIs. Here is an outlook of the events and an updated technical analysis for GBP/USD. The pound continues to shine, although this week’s UK numbers were uneventful. In the US, Unemployment [&hellip