GBP Price Forecast: Pound Resumes Where it Left Off, USD Pressing

The British pound has not moved much overnight in the Asian session mainly due to the follow-through from Friday’s US core PCE price index that showed elevated inflation pressures via the Fed’s preferred measure. Terminal rates for 2023 have now breached the 5.4% level (see table below) and could expose the pound to further downside against the greenback.

Today’s economic calendar contains one standout data print in US durable goods orders for January (see economic calendar below). While the headline read is expected to fall after a flurry of airplane orders in December, the ‘ex transport’ figure is projected to be marginally higher.

From a political standpoint, European Commission President Ursula von der Leyen is set to travel to the UK today to meet with Prime Minister Rishi Sunak regarding a new Brexit deal. This could spark renewed trading between Northern Ireland and the UK but has not translated through to GBP yet.

This Post Has 16 Comments

  1. Arnoldtib

    ventolin pharmacy singapore: buy Ventolin – can you buy ventolin over the counter in canada

  2. Edisonunumb

    pillole per erezioni fortissime: viagra farmacia – viagra online spedizione gratuita

  3. NormanVaf

    farmacias online seguras en espaГ±a: Cialis generico – farmacia online barata y fiable

  4. NormanVaf

    sildenafilo 100mg precio espaГ±a: sildenafilo – sildenafilo sandoz 100 mg precio

Leave a Reply

Contact Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.