FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

Several macroeconomic reports are scheduled for Tuesday, particularly in the United States. Reports on GDP (second estimate for the third quarter), industrial production, and durable goods orders will be released...

The GBP/USD pair rose by 110 pips on Monday, easily leaving the weekly sideways channel of 1.3331-1.3437. We mentioned that the British pound would continue to rise, while the dollar...

The GBP/USD currency pair also traded higher on Monday, which few expected. However, in the article on EUR/USD, we already outlined our view on why both the euro...

The Bank of England lowered the interest rate last week by 0.25% to 3.75%, which aligned with forecasts. The votes were split 5-4, indicating a lack of consensus. The results...

Trade Analysis and Tips for Trading the British Pound The test of the 1.3405 price level occurred at a moment when the MACD indicator was just beginning to move upward...

The test of the price at 1.3372 coincided with the MACD indicator just starting to move down from the zero mark, confirming the correct entry point for selling the pound...

The euro and the British pound maintained their positions against the U.S. dollar, unlike the Japanese yen, which fell sharply. However, the dollar still faced pressure after disappointing data from...

There are very few macroeconomic reports scheduled for Monday. The only noteworthy release is the final estimate of UK GDP for the third quarter. It cannot be said that this...

The GBP/USD pair traded even worse on Friday than the EUR/USD pair. Furthermore, another flat range has formed in the British currency, clearly visible on the hourly timeframe. For seven...

Our outlook remains bullish as long as the price remains above $4,321. So, our trading plan could be to buy, anticipating the price to reach $4,375 in the coming hours...