GBP/USD TECHNICAL OUTLOOK : 17.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2204 made a high of 1.2317, and could not sustain the higher levels after the gap down opening the pair tested 1.1985 and saw some bounce but overall the pair remains sell on every rise for the near term likely to find resistance at 1.21 levels.
Fundamental Overview
British pound is trading at 1.2047 after being knocked down by weekend reports that UK PM May will declare in a speech on Tuesday that the UK will go for a clean break from the EU, leaving both the single market and customs union. this has been declared by the government as speculation but if she announces an exit, focus would shift to the negotiations. As of now it all depends on what she says.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
0:00 GBP BoE Gov Carney Speaks
15:00 GBP CPI (MoM) (Dec) 0.30% 0.20%
15:00 GBP CPI (YoY) (Dec) 1.40% 1.20%
15:00 GBP PPI Input (MoM) (Dec) 2.50% -1.10%
17:15 GBP U.K. Prime Minister May Speaks
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
British pound is trading at 1.2047 after being knocked down by weekend reports that UK PM May will declare in a speech on Tuesday that the UK will go for a clean break from the EU, leaving both the single market and customs union. this has been declared by the government as speculation but if she announces an exit, focus would shift to the negotiations. As of now it all depends on what she says.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
0:00 GBP BoE Gov Carney Speaks
15:00 GBP CPI (MoM) (Dec) 0.30% 0.20%
15:00 GBP CPI (YoY) (Dec) 1.40% 1.20%
15:00 GBP PPI Input (MoM) (Dec) 2.50% -1.10%
17:15 GBP U.K. Prime Minister May Speaks