Both the UK & US saw a strong rise in inflation but the central bank outlooks are showing signs of possible divergence keeping GBPUSD under pressure. UK inflation & the BoE Today’s data confirmed that the squeeze on UK households has risen again. Inflation has surged to its highest level in 3 decades. It’s unsurprising […]
The post GBP/USD Struggles Around 1.30 after UK, US Inflation appeared first on Action Forex.
Daily Pivots: (S1) 212.28; (P) 212.75; (R1) 213.09; More… Intraday bias in GBP/JPY remains mildly on the downside at this point. Rebound from 207.20 should have completed with three waves up to 213.28. Deeper fall Read more…
The week started on a now-usual pattern, with oil prices pushing higher at the open and retracing part of their gains as investors digested the latest news from the Middle East. The major developments include Read more…
In focus today Today, focus continues to be on tensions in the Middle East and its impact on energy markets. Trump stated on Friday that the US will be hitting Iran “very hard over the Read more…