U K Set to Lead Europe s Rebound Then Slide to Back of the Pack
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U K Set to Lead Europe s Rebound Then Slide to Back of the Pack
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GBP/USD Weekly Forecast: Can America s cooldown send sterling above 1.40? UK GDP, US consumer eyedANALYSIS |
5/7/2021 3:12:46 PM GMT
GBP/USD has bounced as the BOE upgraded its outlook and horrible US jobs figures.
UK GDP and US consumer figures promise another busy week in cable.
Early May s daily chart shows bears are gaining some ground.
The FX Poll is pointing to short-term falls before and upswing later.
Something is more than nothing – the Bank of England monetary policy tweak has pushed up the pound, while concerns about road bumps in the US economy have kept the dollar from storming the board. Can the upswing continue? Economic data has rising prominence as covid concerns fade on both sides of the pond.