We also indicate the average price prediction as well as the average bias.
2017 FORECAST FOR GBP/USD
With only one British event on the schedule, traders can expect another quiet week from the pair. Here are some general data. We usually see a significant market movement ahead of a release. When the global mood is positive, GBP often gains against the dollar, albeit usually not at the same magnitude as commodity currencies. When markets become risk-averse, Sterling is on the retreat. The economy did well in , before and after the EU Referendum, but it slowed down in On the other hand, the weak pound pushed inflation above the rises in wages.
The Bank of England decided to raise rates in November but clarified it is a one-off. Mark Carney and his colleagues foresee only two hikes in the next three years. Brexit negotiations were deadlocked for quite some time, but fresh hopes help the pound stabilize. The upcoming week will be busy,…. Symbol Last Change Chg. End of day analysis for Crude oil End of day analysis for Gold US crude inventories unchanged. Powell says Fed ready to change policy according to economic performance.
US natural gas inventory drawdown below estimates. Canada's unemployment holds at lows - December. All Rights Reserved for Metaplace limited Trading in financial markets and foreign exchange market Forex includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded.