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FX.co ★ Overview of the GBP / USD from 11/04/2018

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Forex Analysis:::2018-04-11T06:57:26

Overview of the GBP / USD from 11/04/2018

Apparently, the policy did not affect the dollar despite the positive data on producer prices, whose growth rates have accelerated from 2.8% to 3.0%. Although we can assume that the whole thing is completely different since inflation in the United States has only a few people who are concerned, as Mr. Powell said that there will be only two more increases in the refinancing rate for this year. It is also worth noting that the 1.0% increase in stocks in wholesale warehouses was growing for nine consecutive months. Nevertheless, it should not be ruled out that investors are extremely worried because of the growing tensions between the US and Russia which have bordered on a full-scale military conflict. Obviously, this was one of the reasons for the growth of the British pound.

Industrial production in the United Kingdom can accelerate its growth rate from 1.6% to 2.9%, which can be regarded as a positive factor. Given the overall political situation, this should also be a significant reason for the growth of the pound. Today, the inflation data on in the United States is projected to accelerate from 2.2% to 2.4%. And if there are no further high-sounding declarations on Syria and God forbid any actions of a military nature, then the dollar has a chance to win back its losses.

The pound/dollar pair may fall to 1.4125. If the political confrontation continues to grow, then it is possible to grow to 1.4250.

Overview of the GBP / USD from 11/04/2018

* The presented market analysis is informative and does not constitute a guide to the transaction.

Analyst InstaForex
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