Instrument: GBPUSD
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1.25850 with take profit at 1.25995.
Bearish Preference:
A sell position is envisaged if the price trades below 1.25340 with take profit at 1.25160.
Fundamentals:
12:00 pm
GBP BOE Monetary Policy Report
GBP MPC Official Bank Rate Votes
GBP Monetary Policy Summary
GBP Official Bank Rate
12:30 pm
GBP BOE Gov Bailey Speaks
1:30 pm
USD Core PPI m/m
USD PPI m/m
USD Unemployment Claims
Comment:
The U.S. dollar edged higher in early European trade Thursday, recovering after overnight losses, while sterling remained near recent highs ahead of the Bank of England’s latest policy-setting meeting. Data released Wednesday showed U.S. consumer inflation eased slightly in April, pointing towards a pause in the Federal Reserve’s aggressive monetary tightening cycle.
Analysis: SCRUM Team