GBP / USD
The British pound increased by 15 points yesterday, but this growth can be called the fluctuation in anticipation of the further development of events in the world of politics and economy. FOMC member Rafael Bostic had yesterday about the range of expansion of raising rates from two to four. This is slightly tempered by the investors. Market expectations for the hike in March remained unchanged at 87.4%. At the same time, investors keep on monitoring with the US labor data on labor will come out tomorrow with very optimistic forecasts, while unemployment is expected to drop to 4.0% from the current 4.1%. Against the background of a temporary lull in the Brexit negotiation process, this may be a decisive factor in selling the pound.
We are expecting for the sterling pound to fall into the range of 1.3800 / 40 and further to 1.3740.
* The presented market analysis is informative and does not constitute a guide to the transaction.
