Breaking News
felene vodka
Home / Forex Analysis / GBP/USD Outlook: Ranging at 1.2250 as Investors Cautious of Instability

GBP/USD Outlook: Ranging at 1.2250 as Investors Cautious of Instability

Posted by: Forex Crunch in Forex Analysis 6 days ago

The UK’s economy is doing relatively well, which could mean more inflation-taming-hikes. There is political uncertainty in the UK. The price is ranging on the charts. After positive UK retail sales data, the GBP/USD outlook pushed slightly higher on Friday. Retail sales for May came in higher than the expected -0.7% at -0.5%. This data … Continued
The post GBP/USD Outlook: Ranging at 1.2250 as Investors Cautious of Instability appeared first on Forex Crunch.

Read Full Story

Latest posts by Forex Crunch (see all)
Risk Disclaimer - By using this web site you agree to its terms and conditions. All materials, including but not limited to articles, directories, photos, lists, etc., on this website are the sole property of ForexTV or the respective copyright holders and are intended for informational/educational purposes using hypothetical and sometimes anecdotal illustrations. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Any use of materials on this site must be approved in advance by ForexTV. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted.

© Copyright ForexTV 2022, All Rights Reserved.