British Pound forecast & technical analysis GBPUSD marginally lower Dec16

British Pound forecast & technical analysis GBPUSD marginally lower Dec16

British Pound forecast & technical analysis GBPUSD marginally lower Dec16

  • the pair is trading at 1.3418
  • The pair witnessed a high of 1.3448 and a low of 1.3411
  • support level is seen at 1.3390

GBPUSD marginally lower  – Bank of England held the key interest rate steady

GBPUSD At 10:40 GMT, the pair is trading at 1.3418, with the Pound trading 0.1% lower against US Dollar from the New York close.Bank of England held the key interest rate steady

The Bank of England kept the benchmark interest rate steady at 0.50%, meeting market expectations.

GBPUSD marginally lower  - Bank of England held the key interest rate steady

GBPUSD marginally lower

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The pair witnessed a high of 1.3448 and a low of 1.3411 during the session. Yesterday, the Pound traded marginally lower against the US Dollar in the New York session and ended at 1.3431, after the BoE, at its latest monetary policy meeting, signaled a gradual path of interest rates hikes. An immediate downside, the first support level is seen at 1.3390, while on the upside, the first resistance level is situated at 1.3450.

DatePriceOpenHighLowChange %
Jan 08, 20181.35701.35761.35861.3524-0.05
Jan 07, 20181.35771.35611.35791.35580.04
Jan 05, 20181.35711.35521.35831.35230.13
Jan 04, 20181.35531.35151.35621.35050.27
Jan 03, 20181.35161.35881.36141.3497-0.53
Jan 02, 20181.35881.35071.36021.35000.63
Jan 01, 20181.35031.35151.35221.3494-0.09
Dec 29, 20171.35151.34441.35451.34280.54
Dec 28, 20171.34431.33971.34581.33920.34
Dec 27, 20171.33971.33751.34311.33680.17
Dec 26, 20171.33741.33711.33911.33470.04
Dec 25, 20171.33691.33571.33961.33550.05
Dec 22, 20171.33621.33861.33991.3349-0.17
Dec 21, 20171.33851.33761.33891.33310.07
Dec 20, 20171.33761.33861.34221.3372-0.07
Dec 19, 20171.33851.33821.34031.33320.02
Dec 18, 20171.33821.33281.34201.33100.46
Dec 15, 20171.33211.34311.34501.3302-0.83
Dec 14, 20171.34321.34181.34631.33900.09
Dec 13, 20171.34201.33171.34221.33110.77
Dec 12, 20171.33171.33391.33811.3304-0.16
Dec 11, 20171.33391.33921.34321.3331-0.40
Highest:1.3614Lowest:1.3302Difference:0.0312Average:1.3441Change %:1.3291

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A few currencies, like cryptocurrencies, Bitcoin, Dogecoin and other online currencies and branded currencies are not tied to any usa. Branded currencies, like airline and credit card points, or in-recreation credit are valued on the subject of the price of the products or offerings they’re tied to. Manipulate over virtual currencies is totally decentralized, and the exchange price of a virtual foreign money can vary extensively in a quick time frame.

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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