• Home
  • Categories
  • News
  • Community
EN
EN
Home
CategoriesNewsGlossaryCommunityAbout Us
Contact Us
Social Media
Region
🌏International
Region
🌏International

Copyright © 2023-2026 Traderknows Ltd. All rights reserved.

Contact
Home
/
News
/
Today's Focus on GBP to USD (GBPUSD) - June 2024

Today's Focus on GBP to USD (GBPUSD) - June 2024

WilsonWilson
2024-06-25
Summary：The Bank of England keeps interest rates unchanged: The Bank of England implemented the policy of maintaining the interest rate at 5.25% for the seventh time, with a vote of 7 to 2.

Bank of England Meeting Minutes

• Others emphasized the persistent price pressures, particularly in the domestic services sector.

Market Expectations:

• Traders bet on a rate cut in August, expecting two rate cuts this year.

Technical Analysis Highlights:

• Stochastic Oscillator

• Upper Resistance (Day): 33-day moving average resistance level; breaking through it may end the downtrend.

• Stochastic Oscillator

• Moving Average Resistance (4H): Constrained by three moving averages; failure to break through may lead to devaluation.

Pivot Indicators:

• Pivot Level: 1.2673

• Bullish: Above 1.2673, targeting 1.2714 and 1.2726

• Bearish: Below 1.2673, targeting 1.2654 and 1.2642

Follow Ultima Markets for the latest market insights!

#UltimaMarkets#TechnicalAnalysis#MarketAnalysis#GBPUSD#BankOfEngland#InterestRate#RateCuts#BankOfEngland#InterestRate#RateCuts

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End
PreviousNext
Comments
0/1000
Wilson
Written byWilson
Created date:2024-06-25 04:57
Last Updated:2024-06-25 07:27
Wiki
Foreign Exchange Trading

Forex trading, or FX, is the global market for buying and selling currencies. Known for high liquidity and 24/5 trading, it offers profit opportunities but carries risks like market volatility and leverage.

Organization

Active

Ultima MarketsUltima Markets
Recent Post

Trump Invokes Defense Production Act with 850 Million USD for Coal Power to Meet AI Demand

06-05

NY Fed Index Shows High Supply Chain Pressures as Geopolitical Conflicts Raise Global Inflation Con…

06-05

Japan's Real Wages Rise for Fourth Consecutive Month, Fueling June BOJ Rate Hike Bets

06-05

China Flexible Employment Exceeds 300 Million as Blue-Collar Wage Growth Outpaces White-Collar for…

06-05

South Korean Stocks Post Steepest Weekly Drop Since March as Tech Valuations Reset

06-05

China Commercial Paper Rates Drop in Early June Amid Rising Bank Demand

06-05

UK House Prices Unexpectedly Fall in May as Geopolitical Tensions Push Up Borrowing Costs

06-05

Massive Intervention Fails to Save Yen as Short Positions Surge Near Historic Lows

06-05

AI Momentum Pauses as Broadcom Outlook Misses High Expectations; Markets Await Payrolls

06-05

SpaceX Launches 75B USD IPO Roadshow as Access Blocked in Mainland China and Hong Kong

06-05

Global Gold ETFs See $2 Billion Outflows in May as Capital Pivots to Tech Assets

06-05

Nikkei Drops Over 1% on Tech Sector Pullback While Real Wage Growth Provides Support

06-05

South Korea Lifts Mandatory Reporting for Crypto Transfers Over 10M Won

06-05

Amundi Says Asian AI Stocks Supported by Fundamentals as Fed Path Poses Key Risk

06-05

Taiwan Stocks Close 1.33% Lower on Broadcom Drop But Hold Key Technical Support

06-05

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.