|
BREAKING NEWS : Start Trading Today Join Now!
Advertisement
GBP/USD: trapped between rate hikes and Brexit woes | Written Valeria Bednarik | 2018-02-14 08:09:51 GMT |
| The GBP/USD pair trades uneventfully within Tuesday's range, marginally lower ahead of Wall Street's opening as the dollar recovers from late Tuesday/early Wednesday's slump. Investors have been on their toes ever since the US January Nonfarm Payroll report showed a large jump in wages' growth, a sign of increasing inflationary pressures in the country. Fears that inflation will finally pick up, and strongly, triggered will rides all through financial markets, with Wall Street losing over 10% from its record highs, and swings of over 20 basis points in Treasury yields. At the same time, UK inflation remained too high in January, and given the BOE's latest statement, chances of a rate hike in May in the UK have increased. Brexit woes, however, undermined the Pound. The pair is stable around 1.3860 ahead of US inflation data release, which in spite of not being Fed's favorite measure, could anyway fuel fears, or brought relief. Any case seems action is granted for today. Technically, the 4 hours chart presents a neutral stance ahead of the event, as the price is a few pips above its 20 SMA and 200 EMA, both converging at 1.3850, while technical indicators lack directional strength, stuck around their mid-lines. The pair would need to settle above 1.3920 to be able to gain further bullish traction, although limited by the 1.4000 threshold. Support levels: 1.3845 1.3800 1.3760 Resistance levels: 1.3885 1.3920 1.3950 View Live Chart for the GBP/USD | AuthorValeria Bednarik |
Featured Forex Brokers
Broker |
Profile |
Open Account |
 |
Minimum Deposit: 5 USDLeverage of up to 1:30Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.Broker Type : Market Maker
Regulation : CySEC,ASIC ,FCA |
 |
 |
Minimum Deposit: 25 USDLeverage of up to 1:500Broker Type : ECN/STP & STP
Regulation : FSA SD008 |
 |
 |
Minimum Deposit: 100 USDLeverage of up to 1:500Broker Type : Market Maker
Regulation : CySEC |
 |
The Best Crypto to Crypto
Exchanger |
Advantages |
Open Account |
 |
Safety Stability: Multi-tier & multi-cluster system architecture Binance charges a quite low commission feeMultiple-Coin Support : BTC, ETH, LTC, BNB...High Liquidity
Multiple-Language Support |
 |
 |
Instant cryptocurrency exchange More than 500,000 satisfied usersChangelly charges a quite low commission feeSafety Stability
|  |
 |
Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform. Bitmex charges a quite low commission feeSafety Stability
|  |
Best Brokers to Trade Crypto
Broker |
Profile |
Open Account |
 |
Minimum Deposit: 5 USDLeverage of up to 1:30Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.Broker Type : Market Maker
Regulation : CySEC,ASIC ,FCA |
 |
 |
Offer: 50USD No Deposit BonusOffer: 100% Deposit BonusMinimum Deposit: 1 USDLeverage of up to 1:500Broker Type : Market Maker
Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12 |
 |
 |
Offer: 1000USD Deposit BonusMinimum Deposit: 50 USDLeverage of up to 1:400Broker Type : STP
Regulation : ASIC, 335692 CFTC/NFA, 0382918 CySEC, 109/10
|
 |
|
|