Sorry, you need to enable JavaScript to visit this website.

GBP/USD Forecast 7 Apr 2016

You are here

GBP/USD Forecast 7 Apr 2016
3.5/5 of 3 ratings

The pair GBP/USD has updated the previous low, but managed to recover above 1.41

FOMC Minutes confirmed Yellen’s comments about external risks and slowness in raising interest rates, also confirmed that the statements of the other six members of the Committee can be regarded as unserious.

Now the expectations of the September increase fell to 46.5%. The probability of November increase is 50%, and the December is 52.5%.

Today the UK is to publish Halifax House Price Index, the forecast is 0.7%. The United States will present data on jobless claims, the consumer credit.

How to trade

Today we expect a consolidation of the pair GBP/USD. We would buy CALL options if the pair rises above the level of 1.4178. We would buy PUT options if the pair falls below 1.4090.

Expiry time: 20:00 GMT

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.

You may also read