Check out this week's GBPUSD Forecast: Forex Trading Forecast Profit
GBP/USD: Weekly Forecast 11th December – 16th DecemberSubscribeWe commit to never sharing or selling your personal information
However, that is likely the wrong question, the technical range of the currency pair was actually quite firm and after hitting a low slightly below the 1.21100 mark the GBP/USD recovered quite well, showing it has the ability to maintain it higher mid-term price realms when looking at a three-month chart.After moving upwards on Friday and coming within sight of highs produced early last week, the GBP/USD suddenly saw a reversal lower.
This coming Thursday the Bank of England will release its Official Bank Rate and is expected to raise borrowing costs by 0.50%, to the 3.50% level.With plenty of central bank activity on the calendar this coming week, speculators should be cautious about pursuing the GBP/USD. If the U.S. Fed and Bank of England show they are in agreement with this and give more dovish outlooks at the end of this coming week regarding future interest rates, this could help the GBP/USD sustain its values and perhaps incrementally increase over the mid-term.The GBP/USD has shown an ability to raise its support levels on a weekly basis since the beginning of October with a rather solid display.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weekly Forex Forecast \u2013 Silver, WTI Crude Oil, USD/CADThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose.
Read more »
TooFab's Week In Celebrity Photos: December 4 - December 10“Everything Everywhere All At Once” star Michelle Yeoh and “Back to the Future’s” Christopher Lloyd stepped out for the Santa Barbara International Film Festival’s 15th Annual Kirk Douglas Award For Excellence In Film. (via toofab)
Read more »
TooFab's Week In Celebrity Photos: December 4 - December 10Demi Lovato, Katie Holmes, Brooke Shields and more stars hit the red carpet at iHeartRadio Z100’s Jingle Ball 2022 in New York City (via toofab)
Read more »
GBP/USD: Flirting with 1.2300 ahead of the Bank of England’s decisionThe GBP/USD pair peaked at 1.2321 after Wall Street’s opening but trimmed intraday gains and hovers at around 1.2280. The pair ends the week flat, as
Read more »
Governor's Mansion Is Shiny and Bright for the HolidaysYou can tour the display from noon to 3 p.m. on December 11 and December 18.
Read more »
Pokémon TCG Value Watch: Lost Origin In December 2022PokemonTCG Value Watch: LostOrigin in December 2022 sees the Giratina Alt Art take a huge upward swing in value this month. Pokemon
Read more »