GBPUSD rising strongly today under the growing sterling bullishness as well as the significant USD outflows as the markets continue to make sense of the FED comments made last week – which led to massive losses for this currency pair. The scale of the USD gains has triggered the current correction in USD sentiment – leading to GBPUSD gains. The pair is also driven up by the expectation of the more optimistic economic assessment from the Bank of England, which next meets on Thursday, – could push sterling towards $1.40 fast. In the meantime, investors brought forward bets that the BoE would raise interest rates sooner than they thought previously, flattening the yield curve for British government bonds and mirroring a recent move in U.S. Treasuries – which adds to the bullish pressure on GBPUSD.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
GBPUSD overview 21.06.2021
GBPUSD surges ahead of Bank of England meating.
GBPUSD rising strongly today under the growing sterling bullishness as well as the significant USD outflows as the markets continue to make sense of the FED comments made last week – which led to massive losses for this currency pair. The scale of the USD gains has triggered the current correction in USD sentiment – leading to GBPUSD gains. The pair is also driven up by the expectation of the more optimistic economic assessment from the Bank of England, which next meets on Thursday, – could push sterling towards $1.40 fast. In the meantime, investors brought forward bets that the BoE would raise interest rates sooner than they thought previously, flattening the yield curve for British government bonds and mirroring a recent move in U.S. Treasuries – which adds to the bullish pressure on GBPUSD.
Next resistance to watch – 1.1939
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags