The fundamental analysis of today's GBPUSD shows that GBPUSD's resumption attempts continue to face strong resistance near 1.2825.
Is Cable's fall from 1.4346 to 1.3838 a blessing in disguise for BOE? How is GBPUSD currently trading? Find out on the 8 February GBPUSD Technical Analysis.
Based on BoE MPC Rate Vote, is Summer rate hike imminent? Viraj Patel, a Foreign Exchange Strategist has hinted a possibility of this. Click here for more details.
GBPUSD starts to form an inversed head and shoulder pattern with candles finding support at 1.5044
Cable advances after the release of FOMC Statement with Janet Yellen commenting that interest rates would not be raised in the short to medium term
GBPDUSD traded higher despite poor economic data.
Cable continues to fall ahead of U.K Manufacturing PMI. Candles continue to remain within the trend channel although bearish movements started to slow down.