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GBP/USD Weekly Forecast: Speculative Perspective Important This Coming Week
Article By:
Robert Petrucci
Sunday, May 12, 2024 5:30 PM EDT
Another week of rather volatile conditions persisted for GBP/USD currency pair speculators last week, as the Bank of England and growth data from the UK created impetus.
Weekly Forex Forecast - Sunday, May 12
Article By:
Adam Lemon
Sunday, May 12, 2024 4:00 PM EDT
The past week saw lower volatility in the Forex market. Last week’s key takeaway was the souring of risk-on sentiment due to expectations in the US of higher inflationary pressure, as well as Consumer Sentiment data which came in at a six-month low.
Pairs In Focus This Week - Sunday, May 12
Article By:
Christopher Lewis
Sunday, May 12, 2024 2:00 PM EDT
The euro rallied rather significantly against the Japanese yen during the trading week, as it successfully defended the JPY165 level. The market looks as though it is readying to attack the JPY170 level, which is a large, significant figure.
