Here's my idea for GBP/USD Outlook ;
UK Economic 2017 Overview :
According to the data that has been released by PwC, UK economic key projection such as GDP growth will decline to 1.2% in 2017 from 2% in 2016. Consumer spending growth is projected to hold up better, but will still slow from the previous rates, dropping to arround 2% in 2017. BoE is expected to keep monetary policy on hold in the short term, expected rise inflation above 2% in 2017.
US Economic 2017 Overview :
Thebalance.com releases an outlook of US economic.
US GDP growth will rise to 2.1% in 2017. The Unemployment rate will drop to 4.5% in 2017 and 2018. Inflation will be 1.9% in 2017. US Manufacturing will grow 3% in 2017. Interest rates is expected will raise 1.5% in 2017.
From the fundamental point of view we can see that Sterling could be weaker than greenback.
From the technical point of view. We can see that the trend is strong bearish. Stoch and RSI are oversold on MN Time Frame. Watch, it could be correction to 1.618% at 1.31005 or even more at 1.414% at 134451. According to ABCD progression it could be 1.618%, and then drop because of the fundamental to 1.414% at 1.14325.
Disclaimer : You should not act upon the information
contained in this publication without obtaining specific professional advice.
UK Economic 2017 Overview :
According to the data that has been released by PwC, UK economic key projection such as GDP growth will decline to 1.2% in 2017 from 2% in 2016. Consumer spending growth is projected to hold up better, but will still slow from the previous rates, dropping to arround 2% in 2017. BoE is expected to keep monetary policy on hold in the short term, expected rise inflation above 2% in 2017.
US Economic 2017 Overview :
Thebalance.com releases an outlook of US economic.
US GDP growth will rise to 2.1% in 2017. The Unemployment rate will drop to 4.5% in 2017 and 2018. Inflation will be 1.9% in 2017. US Manufacturing will grow 3% in 2017. Interest rates is expected will raise 1.5% in 2017.
From the fundamental point of view we can see that Sterling could be weaker than greenback.
From the technical point of view. We can see that the trend is strong bearish. Stoch and RSI are oversold on MN Time Frame. Watch, it could be correction to 1.618% at 1.31005 or even more at 1.414% at 134451. According to ABCD progression it could be 1.618%, and then drop because of the fundamental to 1.414% at 1.14325.
Disclaimer : You should not act upon the information
contained in this publication without obtaining specific professional advice.