GBPUSD Forecast And Technical Analysis November 15th
GBPUSD closed the weekly opening gap.
Looks like the readings of yesterday’s data are somehow encouraging, as the inflation escalation post-Brexit seems to have peaked, although at the same time, means that the BOE won’t need to raise rates at a faster pace. Today, the UK will publish its latest employment figures, with focus on wages’ growth, as salaries have been lagging well-beyond inflation. Better-than-expected wages will strengthen the Cable. The risk, however, is still Brexit, and headlines regarding the ongoing negotiations.
GBPUSD Forecast and Technicals: