Analisa / Berita Forex
GBP/USD turns negative near 1.4500, Brexit concerns weigh Dhwani Mehta
12:00 23 May /2016 Forex
The GBP/USD pair is seen reversing gains and reverts towards 1.45 handle as concerns over Brexit returned to markets and weighed down on the British pound.
GBP/USD inches back towards 20-DMA at 1.4484
Currently, GBP/USD trades modestly flat at 1.4505, deflating from fresh session tops reached near the mid-point of 1.45 handle. A renewed bout of selling interest hit the cable as markets continue to contemplate on the possible impacts of a Brexit vote on the pound as well as on the UK’s economy. The EU referendum on Britain’s membership with the European Union (EU) is just a month away, scheduled on June 23.
The latest UK’s treasury report revealed that a Brexit could cause the pound index to fall 12-15%, while City AM’s latest FT-ICSA Bellwether survey showed a decline in business confidence among FTSE 350 companies in response to slower economic growth seen in the British economy.
Despite a lack of fresh economic data, the GBP/USD pair continues to be driven by the developments surrounding Brexit ahead of the US flash manufacturing PMI data due later in the NY session.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.4538/44 (1h 100-SMA/ 5-DMA), above which 1.4600 (round number) would be tested. On the flip side, support is seen at 1.4477/75 (1h 200-SMA/ 10-DMA) below that at 1.4400 (May 18 Low).
to other newsall news
03:00 23 Maret /2017 Forex
Analysts at Nomura offered a potential scenario for the price of oil.Key Quotes:"Oil prices fall to $40 over the next 6 months?""This oil price scenario is possible if OPEC fails to extend its production cutbacks, and global growth momentum falters while global oil inventories remai
02:23 23 Maret /2017 Forex
Analysts at Nomura explained that the benign risk environment has been shaken by US political and fiscal uncertainty. Key Quotes:"While the decline in global equities has been minor in a historical context, it illustrates the vulnerability to a potential re-evaluation of the Trumpfl
01:46 23 Maret /2017 Forex