GBP/USD once again showed some resilience at lower levels despite resurgent USD demand as diminishing odds for an immediate BoE rate cut provided an additional boost on Wednesday. Fears of a no-deal Brexit might cap gains while Carney’s scheduled speech is to produce some impetus, Haresh Menghani from FXStreet reports. Key quotes “The greenback held on to its strong gains following the release of better-than-expected US macro releases. The latest ADP report showed that the US private sector employers added 183K new jobs in February as compared to 170K expected and the US ISM Non-Manufacturing PMI unexpectedly rose to 57.3 in February.” “Despite resurgent USD demand, the pair once again managed to attract some dip-buying and got an additional boost after the incoming Bank of England Governor Andrew Bailey dampened prospects for an immediate rate cut.” “The pair held steady near the 1.2875-80 region through the Asian session on Thursday as market participants now look forward to the present BoE Governor Mark Carney’s scheduled speech for some meaningful impetus.” “The USD price dynamics and the incoming Brexit-related headlines would play a key role in influencing the pair’s momentum on Thursday amid absent relevant market-moving economic releases, either from the UK or the US.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP: Triple failure at 0.8745 – Commerzbank FX Street 3 years GBP/USD once again showed some resilience at lower levels despite resurgent USD demand as diminishing odds for an immediate BoE rate cut provided an additional boost on Wednesday. Fears of a no-deal Brexit might cap gains while Carney’s scheduled speech is to produce some impetus, Haresh Menghani from FXStreet reports. Key quotes “The greenback held on to its strong gains following the release of better-than-expected US macro releases. The latest ADP report showed that the US private sector employers added 183K new jobs in February as compared to 170K expected and the US ISM Non-Manufacturing PMI unexpectedly rose to 57.3… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
