British Pound at Risk Ahead of Key Data, Trades at Critical Support Fundamental Forecast for Pound: Bearish British Pound falters as Bank of England shows no rush to raise rates Cable nears critical price levels, next move is key The British Pound pulled back further from multi-year highs as a drop in UK yields and a broader US Dollar reversal produced the second-consecutive week of GBPUSD declines. ...
Forex Weekly Outlook May 19-23 Rate decision in Japan, inflation data in the UK and Canada, FOMC Meeting Minutes, Unemployment Claims, German Ifo Business Climate and US housing data are the main events on our list. Here is an outlook on the main market-movers for this week. Last week, major US figures came out above expectations; Annual inflation reached 2%, as expected and the monthly CPI edged up to 0.3%. Meanwhile, the annual core inflation beat forecasts ...
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