- The bar for a bounce in GBP/USD is higher than it was six months ago – SocGen
Notícias do Mercado
19 setembro 2023
The bar for a bounce in GBP/USD is higher than it was six months ago – SocGen
GBP/USD saw the first daily close below the 200-Day Moving Average (DMA) last week since March. Economists at Société Générale analyze the pair’s outlook ahead of the BoE meeting on Thursday.
Possibility of a final 25 bps increase by the BoE and a pause could keep the GBP out of favour vs. the USD
The possibility of a final 25 bps increase by the BoE and a pause could, in theory, keep the Pound out of favour vs. the USD.
The last breach below the 200-DMA in March proved an inflection point rather than a sell signal but this time the UK labour market is loosening and a sharp drop in employment means the bar for a bounce in GBP/USD is higher than it was six months ago.
O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir Conta Demo e Página Pessoal