GBPUSD: The Return of the Bullish Cycle
GBP/USD experienced a shift in direction after recovering on Tuesday and dropped towards 1.2700 during the morning hours in Europe on Wednesday. The technical analysis suggests a bearish trend, and if the support at 1.2700 fails to hold, more sellers could enter the market.
The improvement in risk sentiment led to a weakening of the US Dollar against its major counterparts on Tuesday, allowing GBP/USD to rebound. While the UK's FTSE 100 Index is trading positively in the middle of the week, US stock index futures remain negative, indicating a mixed market sentiment that hampers the pair's ability to regain momentum.
Later today, Bank of England (BoE) Governor Andrew Bailey will participate in a panel discussion on central banking at the ECB Forum, together with European Central Bank (ECB) President Christine Lagarde and FOMC Chairman Jerome Powell.
The improvement in risk sentiment led to a weakening of the US Dollar against its major counterparts on Tuesday, allowing GBP/USD to rebound. While the UK's FTSE 100 Index is trading positively in the middle of the week, US stock index futures remain negative, indicating a mixed market sentiment that hampers the pair's ability to regain momentum.
Later today, Bank of England (BoE) Governor Andrew Bailey will participate in a panel discussion on central banking at the ECB Forum, together with European Central Bank (ECB) President Christine Lagarde and FOMC Chairman Jerome Powell.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.