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UK citizens head to the ballots on July 4 Opinion polls point to a Labour Party victory Political stability could initially benefit the pound But BoE rate cut bets could prove negative in the longer run How it works On July 4, Britons will head to the ballots to vote in a general election, with […]

The post What Could UK General Election Mean for Pound? appeared first on Action Forex.

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21/03/2024

USD/CHF Analysis: SNB Decision Breaks Multi-month Trend

According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF. His words in January seem to be in line […]
05/09/2024

GBPJPY Wave Analysis

GBPJPY reversed from resistance level 192.40 Likely to fall to support level 188.00 GBPJPY currency pair recently reversed down from the key resistance level 192.40 (which has been reversing the price from the middle of April) standing near the upper daily Bollinger Band. The resistance level 192.40 was further strengthened by the 50% Fibonacci correction […]
12/04/2024

Will US Retail Sales Add Juice to the Dollar’s Rally?

US retail sales will hit the markets at 12:30 GMT Monday Early Easter holiday likely boosted consumer spending Another solid dataset could put more wind in the dollar’s sails US economy outperforms By most indications, the US economy finished the first quarter on a high note. Incoming data point to a robust labor market, which […]