Instead of pulling back to 1.22 - which would be expected from a continued consolidation that started last October - GBP/USD is drawn to 1.25.
Interesting that GBP/USD is currently negatively correlated with the US stock market, and has been since Trump’s election (bottom chart).
Growing concerns with the US will favour GBP/USD, as too will concerns that inflation in the UK, now at 2.3% is over the 2% target and a rate rise becomes likely. We favour being long GBP/USD, and increasing even more above 1.28.
Interesting that GBP/USD is currently negatively correlated with the US stock market, and has been since Trump’s election (bottom chart).
Growing concerns with the US will favour GBP/USD, as too will concerns that inflation in the UK, now at 2.3% is over the 2% target and a rate rise becomes likely. We favour being long GBP/USD, and increasing even more above 1.28.
Not
Theresa Mays call for a snap election today is received well by the markets, adding fuel to this pro GBP trade.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.