Today UK Prime Minster Theresa May was scheduled to speak in the parliament. Now if you have been reading my Forex Signals Blog posts, you should know by now that currency market is highly fickle when it comes to speeches by the Prime Minsters or the Presidents. Just last week, US Dollar fell sharply when… Continue reading GBPUSD Rallies Hard On Early Election News
Tag: gbp/usd
The Dollar Made A Massive Round Trip Last Night On Just One Word By FED
USD made a massive and a staggeringly move last night in just a few hours when FED released it FOMC Meeting Minutes that did not use the word, “Patient” after a long time. GBPUSD shot up 500 pips then it fell down 400 pips in just a few hours. EURUSD also shot up more than… Continue reading The Dollar Made A Massive Round Trip Last Night On Just One Word By FED
GBP/USD Falls 140 Pips As Bank Of England Governor Pledges Not To Increase Rates
Today GBP/USD fell more than 140 pips when the Bank of England Governor Carney pledged not to rush rate increase. Mark Carney pledged that Bank of England officials won’t rush to raise interest rates as he highlighted overseas risks to Britain’s recovery and the weakness of wages. Speaking after a mixed labor market report that… Continue reading GBP/USD Falls 140 Pips As Bank Of England Governor Pledges Not To Increase Rates
GBP/USD Might Strengthen To 1.72 On Dovish FED
GBP/USD once again might strengthen to 1.72. GBP/USD reached the high of 1.7063 last week when the BOE Governor said in a speech that he would be raising the interest rates sooner than expected. But later on toned down his statement when he faced criticism by the House of Commons lawmakers who questioned his wisdom.… Continue reading GBP/USD Might Strengthen To 1.72 On Dovish FED