Forecast for GBP/USD on May 23, 2019
May 23, 2019 6:24 amVideo
Latest News
- Outlook for EUR/USD on April 15. The euro is already falling for no apparent reason! April 15, 2024
- Trading plan for GBP/USD on April 15. Simple tips for beginners April 15, 2024
- Trading plan for EUR/USD on April 15. Simple tips for beginners April 15, 2024
- Euro will return to parity April 12, 2024
- Trading Signals for ETH/USD (Ethereum) for April 12-15, 2024: buy above $3,435 (3/8 Murray – 200 EMA) April 12, 2024
- EUR/USD. Analysis for April 12th. The euro falls down under the pressure of the news background April 12, 2024
- GBP/USD. Analysis for April 12th. A significant event: the pound fell below the 25-figure April 12, 2024
- Trading Signals for EUR/USD for April 12-15, 2024: buy above 1.0620 (-2/8 Murray – rebound) April 12, 2024
- GBP/USD: trading plan for the US session on April 12th (analysis of morning deals). The pound followed the euro April 12, 2024
- EUR/USD: trading plan for the US session on April 12th (analysis of morning deals). The euro continues to fall April 12, 2024
- EUR/USD and GBP/USD: Technical analysis on April 12 April 12, 2024
- EUR/USD: Dovish signals from the ECB and rising PPI April 12, 2024
- EUR/USD. April 12th. ECB meeting: confidence in rate cut increased in June April 12, 2024
- GBP/USD. April 12th. British economy continues to stagnate April 12, 2024
- Analysis and trading tips for EUR/USD on April 12 (US session) April 12, 2024
- Analysis and trading tips for USD/JPY on April 12 (US session) April 12, 2024
- Analysis and trading tips for GBP/USD on April 12 (US session) April 12, 2024
- Weekly Forex Outlook: 12/04/2024 – More inflation data on the way as rate cut bets in disarray April 12, 2024
- Technical Analysis – GBPUSD ticks down to new 5-month low April 12, 2024
- Bitcoin holds above $70,000 as halving event looms – Crypto News April 12, 2024
GBP/USD
At the end of yesterday, the British pound lost 41 points in connection with Theresa May’s next failure to reach an agreement with MPs on the terms of the Brexit deal. The April inflation figures were moderately optimistic, but they did not help the national currency. UK retail prices rose from 2.4% y/y to 3.0% y/y, the base CPI remained at the previous 1.8% y/y, the total CPI rose from 1.9% y/y to 2.1 % y/y The rise in prices for residential real estate increased from 1.0% y/y to 1.4% y/y. The UK’s public sector borrowing for April was 5.0 billion pounds against a forecast of 5.2 billion.
The price has overcome support (or the level of the first target) of 1.2660, now its immediate target is the level of 1.2530 – at least on December 14, 2018. Overcoming this level also opens the subsequent target at 1.2400 – the line of support for the price channel of the weekly chart.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: