The cable had some good two-way price moves on Tuesday and finally settled with only modest losses. Investors now look forward to the UK consumer inflation figures for a fresh impetus, Haresh Menghani from FXStreet reports. Key quotes “Market participants now look forward to the latest UK consumer inflation figures, which along with any Brexit-related headlines might influence the GBP price dynamics.” “Later during the American session, the US economic releases – housing market data and Producer Price Index – and speeches by influential FOMC members might further contribute towards producing some meaningful trading opportunities.” “Bulls are likely to wait for a sustained move beyond 50-day SMA, around the 1.3050-60 region, before positioning for any further near-term appreciating move. Above the mentioned barrier, the pair seems more likely to aim towards surpassing the 1.3100 round-figure mark and head towards testing its next major hurdle near the 1.3145-50 resistance zone.” “On the flip side, GBP/USD might continue to attract some buying ahead of mid-1.2900s. This is closely followed by 100-day SMA support near the 1.2930 region.” 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 USD/JPY climbs further beyond 110.00 mark, near 1-month tops FX Street 3 years The cable had some good two-way price moves on Tuesday and finally settled with only modest losses. Investors now look forward to the UK consumer inflation figures for a fresh impetus, Haresh Menghani from FXStreet reports. Key quotes “Market participants now look forward to the latest UK consumer inflation figures, which along with any Brexit-related headlines might influence the GBP price dynamics.” “Later during the American session, the US economic releases – housing market data and Producer Price Index – and speeches by influential FOMC members might further contribute towards producing some meaningful trading opportunities.” “Bulls are likely to wait… 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.
