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The British pound has moved higher on Monday, after declining 1% last week. In the European session, GBP/USD is trading at 1.2747, up 0.30% on the day. UK Services improves, manufacturing slips The UK Services PMI rose to 51.4 in December, up from 50.8 in November, which was a 13-month low. This beat the market […]

The post Pound Higher as Services PMI Rises, Job Report Next appeared first on Action Forex.

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19/11/2024

GBPUSD Gains Traction Near Familiar Support Area

GBPUSD bulls step in after six-month low near 1.2600 Price near oversold area, but bullish area is above 1.3000 GBPUSD returned to gains after a six-day decline squeezed it to a six-month low of 1.2595. The pair rebounded near an important trendline from October 2023, and indicators like the RSI and stochastic oscillator suggest the […]
13/05/2024

Unideal Inflation Dynamics Explain Why Fed Won’t be in a Position to Cut Rates Soon

The FTSE 100 and the Stoxx 600 index closed at a fresh ATH on the back of rising dovish central bank expectations. The EURUSD bounced lower from the 50 and 200-DMA, while Cable tested its own 200-DMA to the upside on the back of strong GDP read last Friday, but the currency pairs need good […]
10/10/2024

CPI from US, Norway and Denmark

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