FOREX GBP USD: Pound/Dollar: Expected Renewal to 1.5055. 9 Decembre 2015.

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Instead of a flat at 1.5050, the sellers sent the GBP rate to 1.4956. The pound ended up defenseless before the BoE meeting and due to the unexpected fall in production in the manufacturing industry. The pound/dollar rate fell by 76% from a growth from 1.4894 to 1.5158. According to the daily formation, such a fall won’t be critical for the continuation of growth, but the likelihood of the pound’s rise above 1.5158 has dropped markedly.

FOREX GBP USD: Pound/Dollar: Expected Flat at 1.5050. 8 Decembre 2015.

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Monday saw the pound/dollar drop to 1.5044. The dollar has been slowly winning back its losses across the board after the release of Friday’s NFP. The pound is being sold in many crosses (see indicator beneath price), meaning that if this kind of tendency persists, the pound could fall to112 degrees at 1.50. I reckon that we’ll see sideways movement. If the bears go hunting during the day, it could provoke a strengthening of the dollar against all currency pairs. Keep your guard up.

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