British Pound, Powell Testimony, US Greenback, UK GDP, Brexit – Speaking FactorsBritish Pound may fall if UK GDP stokes BoE charg
British Pound, Powell Testimony, US Greenback, UK GDP, Brexit – Speaking Factors
- British Pound may fall if UK GDP stokes BoE charge minimize bets
- US Dollar could rise on Powell testimony, comforting outlook
- GBP/USD Symmetrical Triangle was invalidated. Now what?
ASIA-PACIFIC RECAP
Regardless of the full variety of confirmed coronavirus circumstances being reportedly above 42,000 with over 1,000 deaths, market temper was buoyant in Asia. APAC equities had been combined however principally increased with the Australian and New Zealand {Dollars} clocking in modest positive aspects towards the anti-risk Japanese Yen. The naked information docket made merchants extra centered on broader elementary themes forward of key occasion danger within the subsequent 24 hours.
HOW WILL UK GDP DATA IMPACT BRITISH POUND?
Preliminary year-on-year UK GDP for the fourth quarter is predicted to indicate a 0.eight % print, notably decrease than the prior 1.1 % determine. Its quarter-on-quarter twin is anticipated to indicate no development in contrast to the earlier report which confirmed a 0.four % statistic. If markets see softer-than-expected information, it may stress GBP and Gilts if buyers imagine it is going to strain the Financial institution of England to deliver the timeline for alleviating nearer.
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Feb 17
( 04:02 GMT )
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