GBPUSD Forecast And Technical Analysis Week of Nov. 13-17
We have two different fundamentals that effect GBPUSD. Economical data and the political events.
On the Sterling side: GBP was set to halt a three-week decline, while U.K. government bonds slumped as the latest update on the Brexit talks indicated there was still room for agreement by December.
Sterling climbed to its highest since last week’s Bank of England interest-rate increase after Brexit secretary David Davis and his European Union counterpart Michel Barnier said they would work with the goal of moving talks on to trade next month. GBPUSD was also supported on Friday by better-than-forecast industrial data, and an estimate from the National Institute of Economic and Social Research that suggested economic growth had accelerated in October. Benchmark 10-year gilt yields rose to the highest in a week.