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GBPUSD Technical Analysis - Awaiting the NFP

Since the last FOMC meeting the US economic data surprised consistently to the upside leading to a more hawkish pricing for interest rates expectations. In fact, Fed Chair Powell said that the majority of the FOMC expects two or more rate hikes coming if the economy performs as expected.Conversely, the UK employment and inflation reports keep on being too hot and the BoE is expected to keep hiking with a terminal rate now standing somewhere above the 6% level. BoE’s Governor Bailey has repeated... Read More

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Content Topics

Gbpusd

Technical

Analysis

Awaiting

Forex

Posted: Jul 4 2023, 07:58

Author Name: forexlive

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