06.05.202111:50 Forex Analysis & Reviews: GBP/USD Hot Forecast for 6 May, 2021

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

GBP/USD struggled for a firm direction and oscillated in a range through the early European session.
Investors seemed reluctant ahead of the BoE policy decision and the Scottish election on Thursday.
The emergence of fresh selling around the USD extended some support and helped limit the downside.

The GBP/USD pair extended its sideways consolidative price action through the first half of the European session and remained confined in a range around the 1.3900 mark.

The pair struggled to capitalize on this week's solid rebound from the 1.3800 level, or the lowest level April 16 and has been oscillating in a range for the second straight session on Thursday. Investors now seemed reluctant to place any aggressive bets, rather preferred to move on the sidelines ahead of Thursday's key event risks – the BOE monetary policy decision and the Scottish parliament election.

The BoE is widely expected to maintain the status quo at the conclusion of the May meeting. The decision will be accompanied by updated economic projections, which might infuse some volatility around the British pound.

The downside, however, remains cushioned, at least for the time being, amid some follow-through US dollar pullback from two-week highs. Wednesday's rather unimpressive US macro data reaffirmed market expectations that the Fed will keep interest rates low for a longer period. This, along with the underlying bullish sentiment in the financial market, acted as a headwind for the safe-haven greenback.

Voltar a lista

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.