Sterling is in Focus once again as cable hits an intraday high of 1.3987. Examine the 9 February GBPUSD Intraday Technical Analysis to learn more.
9 February, HotForex –Bank of England’s hawkish tilt pushed the GBP/USD higher to 1.4067 yesterday, however, the risk aversion played a spoilsport and cable fell back to 1.3920. That said, the British Pound could still put on a stellar performance if the UK data due today betters estimates and the global equity markets regain poise.
The UK manufacturing production is seen rising 0.3 percent m/m in December vs. 0.4 percent in November, while the industrial production is expected to have dropped 0.9 percent m/m. Further, the UK Office for National Statistics will likely report a small drop in the December trade deficit.
9 February GBPUSD Intraday Technical Analysis (+Video)
Sterling in Focus Again – Cable hit an intraday high of 1.3987 but has remained well off yesterday’s post-BoE peak at 1.4067.
This article about 9 February GBPUSD Intraday Technical Analysis was written by Andria Pichidi, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.
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