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Fundamental Analysis
GBP/USD
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[QUOTE="ForexSignalses, post: 161491, member: 59138"] [B]GBP/USD Price Forecast Range Bound Action Continues As Investors Await Third Vote[/B] Concerns of a Brexit magnification, its length inspire uncertainty capping GBP gains even if lackluster USD ahead of FOMC update underpins GBP bulls resulting in rangebound price play a role. The GBPUSD pair has been trading furthermore a certain bias for the majority of last week as UK parliaments vote gone hint to Brexit linked decisions saw an appreciative outcome. While the pair hit multi-month highs during last weeks trading session, the pair unsuccessful to sticking together hold and declined slightly as uncertainties surrounding Brexit capped additional upside have an effect on and weighed plus to GBP bulls. However, feeble USD owing to declining US Treasury yields and disappointing US macro data helped prevent throb declines resulting in rangebound violence above 1.32 handle across the latter half of the week. Investors now await PM Mays third attempt/vote in UK Parliament to profit her acceptance overseer by UK lawmakers ahead of EU council meeting by now the members will vote a proposed Britains demand for the further gloss of Brexit deadline. The pair opened for the week once an unconditional bias as the US dollar continues to struggle bearish pressure ahead of upcoming FOMC glamor rate decision update. Third Vote & EU Council Meet In Focus Investors and traders expect that FOMC will stick to its dovish bias though it keeps impatient rates unchanged owing to recent dovish US macro data. Some traders argue that tackle sponsorship may embrace vis--vis even more dovish note and FOMC members may comment upon the possibility of rate cuts in the near well ahead if US macro data continues to retain dovish appearance. This has helped GBP bulls withdraw a sure bias in the pairs rangebound take disagreement despite uncertainties surrounding Brexit outcome continuing to limit gains. As of writing this article, GBPUSD pair is trading at 1.3260 plus to by 0.27% upon the day. Investors now await UK parliament meeting scheduled upon March 20, 2019, for PM Mays third and conclusive strive for at getting her pact ascribed in the previously EU council decides to vote upon article 50 deadline add details to on request during their meeting upon March 21, 2019. [/QUOTE]
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