A Bleak Future Ahead for GBP/USD – Upcoming Inflation Report

The GBP/USD pair has been on a downward trend for the better part of the year. At the moment, the pair is in a tag of war as the UK tries to get past the Brexit deadlock.

Ontario, Canada - November 19, 2019 /NewsNetwork/ —

The GBP/USD pair has been on a downward trend for the better part of the year. At the moment, the pair is in a tag of war as the UK tries to get past the Brexit deadlock. The Pound is recovering after it took a deep plunge on the 7th, but uncertainty still persists. However, analysts expect the pair to stumble further down due to the upcoming release of the UK inflation report. Forex broker comparison service FXBrokerFeed brings you news, and trends in the FX broker market, featuring an unstable and declining GBP/USD.

Low Inflation Projections

The UK is set to release this month’s Consumer Price Index (CPI) in the coming weeks. Economists and analysts have voiced low expectations and forecasted a drop to 1.6%, down from 1.7% last month. This seems to be the trend considering that the CPI value drop and fell below expectations over the past two months.

If the decelerated forecast is true, the GBP/USD is expected to take yet another hit that will cause it to stumble further. It is almost certain that the pair’s bearish trend will persist considering that two other major publications have fallen below expectations.

First, the labor market showed a manageable jobless rate at 3.8%, but it also revealed that the number of employed has dropped by about 52,000. The report also revealed that wage growth has slowed from about 3.8% last year to about 3.6% this year. Second, it has been revealed that the UK Gross Domestic Product growth rate has decelerated by about 1% per year. This is in spite of the GDP having generally risen by 0.3%.

In addition to the bleak CPI report, there is also the matter of the ongoing political uncertainty in the UK owing to the contentious Brexit deal. The General Elections are due to take place soon, and this is expected to make the Pound even more wobbly than it already is.

Today’s traders need a dependable way to navigate through the ever-changing world of Forex trading. FXBrokerFeed brings to you relevant information about FX brokers and currency pairs 24/7, and is an essential tool that will help improve your trading performance. Start your 30-day free trial today!

Contact Info:
Name: FXBrokerFeed
Email: Send Email
Organization: FXBrokerFeed
Address: 45 West Wilmost Richmond Hill, Ontario, Ontario L4B 2P3, Canada
Website: https://fxbrokerfeed.com/

Source: NewsNetwork

Release ID: 88934657

More News From travelstylo.com

Streep, Miranda and Stone are named as Met Gala co-0chairs

Dec 5, 2019

NEW YORK — Next year's Met Gala may be the closest we'll ever come to getting a Miranda Priestly moment at the starry event. Meryl Streep has been named as a co-chair of the Metropolitan Museum of Art's Costume Institute. The Oscar-winner played Priestly, a thinly veiled fictional version of Vogue editor Anna Wintour, in the movie "The Devil Wears Prada." Wintour clearly has no hard feelings because she selected Streep as a co-chair along with Lin-Manuel Miranda and fellow Oscar-winner Emma Stone. Designer Nicolas Ghesquiere rounds out the group. The gala's theme is "About Time: Fashion and Duration," which...

Try something new with uncommonly delicious (and ugly) fruit

Dec 5, 2019

As I savor one of my just-picked American persimmons (Diospyros virginiana), I'm reminded how this fruit — and a few other delectable fruits — would never sell. Why not? Because they're ugly! Although the persimmons hung from the branches as handsome, plump, orange orbs up to a few weeks ago, by now they have shriveled and their skins are darkening to brown and black. The texture and flavor have likewise changed. They once were like dried apricots that have been plumped up in water and then dipped in honey with a dash of spice. Now, they've become mushier, with some...

Millennial Money: Secrets of a Black Friday Shopper

Dec 5, 2019

My husband and I have a Thanksgiving routine. Before the family arrives or the turkey is carved, we gather in the living room. As Christmas music plays in the background, he turns on his laptop, and I mine. That's when the deal hunt begins. Some people cringe at the thought of shopping on Thanksgiving or Black Friday, but I revel in it. Maybe it's because I love a good bargain, or because I write about how to save money. Whatever the reason, I know a lot about Black Friday. And I'd like to share some secrets with you. SHOPPING EARLY...

Olivia Newton-John's final 'Grease' ensemble fetches $405K

Dec 5, 2019

BEVERLY HILLS, Calif. — Two collectors said you're the one that I want to Olivia Newton-John's iconic "Grease" leather jacket and skintight pants at an auction Saturday in Beverly Hills. Julien's Auctions says the combined ensemble, which Newton-John's character Sandy wears in the closing number of the 1978 film, fetched $405,700 total. The leather jacket sold for $243,200 and the pants, which Newton-John famously had to be sewn into, went for $162,500. Other "Grease" memorabilia included a Pink Ladies jacket that went for $50,000 and a poster signed by Newton-John, John Travolta, director Randal Kleiser and producer and songwriter John...

3-2-1-Cookoff! Astronauts to bake cookies with new test oven

Dec 5, 2019

CAPE CANAVERAL, Fla. — Forget reheated, freeze-dried space grub. Astronauts are about to get a new test oven for baking chocolate chip cookies from scratch. The next delivery to the International Space Station — scheduled for liftoff this weekend — includes the Zero G Oven. Chocolate chip cookie dough is already up there, waiting to pop into this small electric oven designed for zero gravity. Sample cookies baked just this week are also launching from Virginia on Northrop Grumman's Cygnus capsule, for the six station astronauts. The experiment explores the possibility of making freshly baked items for space travelers. With...

Broaden News

Travel Stylo is an independent online travel website started by a group of friends who love traveling together. With Travel Stylo, you can travel with style.

Contact us: sales[at]travelstylo.com