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Main » 2018 » October » 26 » GBP / USD forex forecast pair GBP / USD today 26/10/2018: The Briton hit 7-week low
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GBP / USD forex forecast pair GBP / USD today 26/10/2018: The Briton hit 7-week low

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Briton in trading forex on Thursday continued its decline fell to a minimum 7 weeks. The pressure on the UK currency has a stronger dollar and investor concern about the future of the agreement on Brekzitu. Released on the eve of the US data showed mixed performance.

 

 

 

 

The volume of orders for durable goods in September increased by 0.8%, and excluding transport - by 0.1%, while the expected decrease of 1% and an increase of 0.5%, respectively. The number of pending home sales increased by 0.5% while the forecast decline of 0.1% in September. Tomorrow GDP data will be published in the USA. It is predicted that the US economy will be 3.3% on an annualized basis. 


Pound Dollar forecast pair GBP / USD today 26.10.2018 on technical analysis: the British currency quotes are moving towards 1.2790 support. Sellers British mark tested but failed to break support. The pair is traded at 1.2820. If sellers GBPUSD pair manage to break through the level of 1.2790, the pound is likely to continue falling to around 1.2730. If buyers of currency in Britain will be able to gain a foothold above $ 1.2850 likely to increase to a level of 1.2895. 

 

 

 

Analytics WELTRADE

 

 

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