Tag: pound
UK Data Analysis: Impact of Labour Win on Pound – Action Forex
The UK economy has shown signs of improvement, with GDP growing by 0.7% in the first quarter of the year. Analysts are now expecting a 0.2% increase in GDP for the month of May,...
GBPJPY Hits 16-Year High – Forex Analysis and Updates
GBPJPY has been on a winning streak, marking a new 16-year high at 203.57 after ten consecutive days of gains. While this positive momentum is evident in the market, indicators like the RSI and...
Impact of UK General Election on Pound: Expert Analysis and Forecast
On July 4, Britons will be voting in a general election that could potentially end 14 years of Conservative rule. The Labour Party is currently leading in the opinion polls, with Nigel Farage's Reform...
GBP/USD Weekly Analysis: Bearish Turnaround Deepens
The GBP/USD pair saw a significant decline last week as the Cable hit fresh lows on Friday. This bearish trend was driven by upbeat US Purchasing Managers Index (PMI) data, which boosted the US...