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EURGBP – Euro Might Correct Lower Vs British Pound

Key Points

  • The Euro made a nice upside move and traded above the 0.9000 handle against the British Pound.
  • The EURGBP pair may correct lower since it broke a short term consolidation pattern on the hourly chart at 0.9040.
  • Today Read More →

GBP: Balanced Positioning; Limited Downside Risks From Here – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that GBP was under pressure by the end of the week, mainly in response to the BoE lowering investors’ central bank rate expectations.

"By lowering its longer-term wage price forecasts, it was Read More →

Pound skids as BoE revise growth and inflation forecasts lower

Britain's pound slipped almost 1 percent to a nine-month trough against the euro on Thursday, following the Bank of England voted 6-2 to leave interest rates at their record lows and lowered its forecasts for growth, inflation and wages.

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AUDNZD – Aussie Dollar Looks Set To Resume Trend Vs Kiwi Dollar

Key Points

  • The Aussie Dollar after trading as high as 1.0747 against the Kiwi Dollar corrected lower.
  • There was a break below a crucial contracting triangle pattern with support at 1.0702 on the hourly chart of AUDNZD.
  • Today in Australia, Read More →

NZDUSD – New Zealand Dollar Turned Bearish Vs US Dollar

Key Points

  • The New Zealand Dollar declined recently and moved below 0.7420 against the US Dollar.
  • There is a short-term bearish trend line with resistance at 0.7425 forming on the hourly chart of NZDUSD.
  • Today in New Zealand, the ANZ Read More →