kiriss5678 Posted September 29, 2014 Report Share Posted September 29, 2014 COZforex: The pound was almost unchanged against the US dollar on Friday, as investors remained cautious ahead of the release of US second quarter economic growth data later in the day. GBP/USD hit 1.6286 amid European morning trade, the session low; the pair subsequently consolidated at 1.6315, easing 0.01%. COZforex senior currency strategist Ian • Quigley said, GBP/USD is predicted to find support at 1.6277, and a fall through could take it to the next support line of 1.6242. Meanwhile, the pair is predicted to find its first resistance at 1.6344, and a rise through could take it to the next resistance line of 1.6376. Demand for the dollar remained supported by mounting expectations for an early US rate hike. Dallas Federal Reserve President Richard Fisher signalled on Thursday that the US central bank may start raising interest rates around the spring of 2015. The pound had strengthened earlier in the week as investor focus returned to the outlook for UK monetary policy in the wake of last week's Scottish independence referendum. (COZ forex UK) Quote Link to comment Share on other sites More sharing options...
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