The week ahead for GBP/USD, including forecasts, analysts views, technical analysis and outlook for the economic calendar.
The Dollar's powerful correction could be taking a breather, which could allow the GBP/USD the chance to stabilise over coming days. Much will depend on the outcome of UK employment data and US retail sales.
Financial markets are reopening to an important new week for the Pound, in which the Bank of England are scheduled to meet to set interest rates, we look in more detail at the outlook for GBP/USD.
GBP/USD has fallen beneath the psychological 1.40 level as UK and US interest rates diverge.
GBP/USD finds itself at the psychologically pivotal 1.40 level as the new trading week commences.
The GBP/USD pair ended the week on a strong note trading near its 2018 highs at 1.4235, will sterling continue rallying the week to come?
Sterling remains elevated against the US Dollar as we enter the new trading week, with a spot price still above the 1.40 psychological 'high water mark' level.
The Pound-to-Dollar rate was rising quite steadily until it hit a glass-ceiling at the level of the 200-week moving average (MA) which it is struggling to break above.
Last week GBP/USD successfully reached our initial target at 1.4100 and in the week ahead we expect it to go even higher.
The GBP/USD pair is expected to extend its uptrend to 1.4100 during the event-packed week ahead.
GBP/USD continues with an upside bias as we enter the new trading week in which inflation data is the stand out release for the Dollar.
The Pound is expected to rise versus Dollar as corrective sequence now probably at an end; US payrolls data highlighted.
A further decline for the Pound-to-Dollar rate to 1.3790 is forecast in the short-term.
GBP/USD is resuming its uptrend at the start of the new trading week.
The Pound-to-US Dollar rate appears to be reversing trend and moving lower.
Upside could be limited by a glass ceiling of chart resistance levels as we head into the new trading week.
After a period of stupendous gains, the Pound-to-Dollar rate may have reached a glass ceiling.
The Dollar is expected to weaken at the start of next week as the US government shuts down from lack of funds, charts show the pair is still in an uptrend but resistance thickening.
Charts continue to indicate an upside bias as we begin the new trading week, with the Pound-to-Dollar exchange rate vaulting clear of a zone of resistance between following its achievement of 1.3730, and now looking likely to continue rising.
The main release for the Dollar is inflation data on Friday, whilst for the Pound it is trade balance and GDP estimates on Wednesday; charts are warning that prices have just hit a major ceiling and could be knocked back temporarily.
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