For Traders

Analytical Reviews

08.03.201809:01 Forex Analysis & Reviews: Pound in anticipation of US Friday labor data

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

GBP / USD

The British pound increased by 15 points yesterday, but this growth can be called the fluctuation in anticipation of the further development of events in the world of politics and economy. FOMC member Rafael Bostic had yesterday about the range of expansion of raising rates from two to four. This is slightly tempered by the investors. Market expectations for the hike in March remained unchanged at 87.4%. At the same time, investors keep on monitoring with the US labor data on labor will come out tomorrow with very optimistic forecasts, while unemployment is expected to drop to 4.0% from the current 4.1%. Against the background of a temporary lull in the Brexit negotiation process, this may be a decisive factor in selling the pound.

We are expecting for the sterling pound to fall into the range of 1.3800 / 40 and further to 1.3740.

* The presented market analysis is informative and does not constitute a guide to the transaction.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.