The Sterling (GBP) ended up on the day after the MPC held rates at 0.5% as expected but the market focused on analysts calls for rate hikes earlier than expected. GBP/JPY pushed higher and EUR/GBP pulled back to 0.8450 support. Overall the GBP/USD traded with a low of 1.6010 and a high of 1.6140 before closing the day at 1.6100 in the New York session. Looking ahead, January PPI is forecast at 1.2% vs. 3.4% previously.
Back to GBP Trading Outlook ArchiveOffering our clients an exceptional customer experience since 2003
Reviews on
ADVFN International Financial Awards
easyMarkets is honored to be the recipient of the panel judged ADVFN Best APAC Broker award
Australian Regulated
AFSL 246566
easyMarkets Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. We recommend that you read the Regulation Page, The Product Disclosure Statement, the Client Agreement and the Financial Services Guide before making any decision concerning easyMarkets products.
2024 © easyMarkets Pty Ltd (formerly known as easy forex Pty Ltd) ABN 73 107 184 510 and is regulated by the Australian Securities and Investments Commission (ASIC).
Australian Financial Service (AFS) Licence No. 246566.
Target Market Determination – OTC Options
Target Market Determination – Forward Contracts
Target Market Determination – CFDs
Target Market Determination – easyTrade
Two minutes is all it takes.
JOIN EASYMARKETS