The $GBPUSD pair will likely continue dropping as bears target the next key support level at 1.3450. Trade with our Forex signal here:
The main catalyst for the GBP/USD pair is the fact that the Fed and the Bank of England have now embraced a hawkish tone and are completely data dependent.
The BOE will likely continue hiking interest rates considering that the housing market continues to strengthen. Data published by Halifax showed that home prices continued rising in January. The fact that the Fed will deliver more hikes was supported by the performance of the labor market. Last week, the Bureau of Labor Statistics said that the American economy created more than 467k jobs in January and upgraded December’s jobs numbers.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forex Signal: Consolidating Above $1.3512Lack of direction for $GBPUSD - Get our daily Forex signal here:
Read more »
BTC/USD Forex Signal: Bullish Flag Signals More UpsideThe BTC/USD pair made strong gains during the weekend as the mood in the market improved after the strong Amazon earnings.
Read more »
BTC/USD Forex Signal: Bullish Momentum Gains SteamThe $BTCUSD price jumped to the highest level since January 13th as the broad market sentiment improved. Get the bitcoin signal here:
Read more »
EUR/USD Forex Signal: Relief Pullback LikelyThe EUR/USD pair continued its bullish rally as the market reacted to the latest interest rate decision by the European Central Bank (ECB).
Read more »
AUD/USD Forex Signal: Aussie May Drop Below 0.700The AUD/USD pair attempted to crawl back on Monday morning as investors continued to focus on last Friday\u2019s stellar jobs numbers from the United States.
Read more »
New Signal update lets you change your phone number without losing chats and groupsThe latest Signal update brings a long-awaited and quite useful feature.
Read more »