$GBPUSD Forex Signal: More Upside Room Before Eventual Pullback
price pulled back sharply as the recent rally took a breather. After rising to a high of 1.1496 on Tuesday, the pair pulled back to a low of 1.1228 in the overnight session. It remains significantly above last week’s low of 1.0355.The GBP/USD price pulled back as jitters about the UK economy continued.
In her speech, Truss reaffirmed a commitment to ensure fiscal discipline even as she implements nore spending and tax cuts. She has already announced tax cuts worth over 45 billion pounds. On Monday, the government said that it will eliminate the tax cut for higher income earners, which will save between 2 billion and 3 billion pounds.
Meanwhile, the GBP/USD price declined because of the strong US dollar following strong economic data from the US. Numbers by ADP said that the country’s private sector created more than 208k jobs in September after it added 185k in the previous month. This increase was much higher than the median estimate of 200k.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
GBP/USD Forex Signal: Brief Pullback Highly PossibleThe GBP/USD price started the month well as investors reacted to the new policies by Lizz Truss and Kwasi Kwarteng.
Lire la suite »
GBP/USD Forex Signal: Bulls in Control Amid Fed Pivot HopesThe GBP/USD price continued its bullish recovery as concerns about the UK economy eased.
Lire la suite »
EUR/USD Forex Signal: Retreat to 0.9862 PossibleThere is a high probability that the EURUSD pair will pull back and retest the support level at 0.9862 and then resume the bullish trend. forexsignal TradingSignals
Lire la suite »
AUD/USD Forex Signal: Bearish Sentiment Amid RBA PivotThe AUDUSD pair will likely have a bearish breakout as bears target the next key support level at 0.6380. forexsignals TradingSignals forexmarket
Lire la suite »
EUR/USD Forex Signal: Recovery Stalls Ahead of Lagarde SpeecThe EURUSD price went sideways on Monday as the US dollar pulled back slightly. It was trading at 0.9800 on Tuesday morning, which was higher than last week’s low of 0.9543. forexsignal TradingSignals Euro
Lire la suite »
BTC/USD Forex Signal: Cautiously Optimistic About Bitcoin$BTCUSD Forex Signal: Cautiously Optimistic About Bitcoin bitcoinprice bitcointrading bitcoinsignal
Lire la suite »