OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD to end week unchanged

FXStreet (Córdoba) - Cable is about to finish the week trading at the same level it had seven days ago. During the week it bottomed on Thursday at 1.5105 (lowest since May). Afterwards it started to recover. The upside gained momentum after the NFP report and GBP/USD rose to 1.5236 on Friday.

The pound had difficulties holding above 1.5200 and pulled back, finding support at 1.5180. Near the end of the American session it was trading at 1.5195, around the same level it had closed last week. So far the pair is avoiding a weekly close under the key area located around 1.5160/80.

Central banks ahead

Next week the most important reports form the United Kingdom and the US will have to do with central banks. In the US, analysts will hear with attention speeches from FOMC officials after today’s disappointing employment report; on Thursday the Federal Reserve will release the minutes of the September meeting. In the UK it will be another super-Thursday with the decision of the Bank of England and the release of the minutes.

AUD/USD: neutral and based above recent lows - UOB

Analysts at UOB Group explained that the outlook for AUD/USd remains neutral.
Read more Previous

EUR/USD to continue to fall as Fed and ECB drift apart in monetary policy - Commerzbank

FX markets are currently reacting more strongly to the comments of central banks than to data publications, and according to Antje Praefcke, analyst at Commerzbank, this does not change the fact that the Fed and the ECB are drifting apart in monetary policy and EUR/USD will therefore fall.
Read more Next
Start livechat