Forex
globalreutersFebruary 5, 20251 Mins read
GBP/USD: A sustained break above 1.2530 is unlikely – UOB Group
globalreutersFebruary 5, 20251 Mins read The Pound Sterling (GBP) could rise further; overbought conditions suggest a sustained break above 1.2530 is unlikely. In the longer run, for the time being, GBP is expected to trade in a range of 1.2245/1.2530, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Related Articles
Eurostoxx futures +0.4% in early European trading
German DAX futures +0.5%UK FTSE futures +0.4%This follows from the more mixed...
Germany December industrial orders +6.9% vs +2.0% m/m expected
Prior -5.4%; revised to -5.2%The headline reading might look great but it...
Switzerland January seasonally adjusted unemployment rate 2.7% vs 2.7% expected
Prior 2.6%; revised to 2.7%The Swiss jobless rate is seen steady last...
NIFTY 50 Index (India) Elliott Wave technical analysis [Video]
Function: Counter Trend (Minor degree, Grey.). Mode: Corrective.
Leave a comment