GBP/USD: Cable Hits Two-Month High After Inflation Data

The macro outlook is unchanged from our view of recent months. Two years of slow growth could result in economic slack, with inflation ultimately undershooting the RBA’s target. What forces could emerge to offset this? This week we released fresh forecasts in our Market Outlook publication. The national accounts came in broadly as we expected, […]

Key Highlights GBP/USD started a fresh increase above the 1.2920 resistance. It broke a major bearish trend line with resistance at 1.2765 on the 4-hour chart. Gold prices are consolidating gains above the $2,500 resistance. EUR/USD surged toward the 1.1120 level and aims for more upsides. GBP/USD Technical Analysis The British Pound formed a base […]

Market Picture The cryptocurrency market spent Monday in a very narrow range but started Tuesday with a violent sell-off, losing over 2.8% in 24 hours to $2.47 trillion. Bitcoin is retreating at the same pace as the market as a whole, while Ethereum is down 3.5%. Top altcoins are losing between 2% (Cardano) and 6.6% […]