GBP/USD TECHNICAL OUTLOOK : 17.3.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Sterling is trading at 1.2352, appreciating against US dollar after BoE policy meeting. Bank of England meeting minutes showed a number of policymakers believe that a “rate hike could be needed sooner” with MPC policymaker Kristen Forbes voting for an immediate 25bp hike. This opinion from BoE minutes have boosted Sterling and strengthen against US dollar. Economic calendar remains light for the day.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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GBP/USD Pair after Opening at 1.2167 and made a low of 1.2151 and was trading with a negative bias throughout the day and made a low of 1.2134 and had a strong bounce and tested the high of 1.2248 and now trading above 1.22 levels if sustain above 1.2150 then the pair expects to test 1.2250 ,but the pair would be volatile in the range of 1.2150-1.2250 in today sessionFundamental Overview
Sterling is trading at 1.2352, appreciating against US dollar after BoE policy meeting. Bank of England meeting minutes showed a number of policymakers believe that a “rate hike could be needed sooner” with MPC policymaker Kristen Forbes voting for an immediate 25bp hike. This opinion from BoE minutes have boosted Sterling and strengthen against US dollar. Economic calendar remains light for the day.