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GBP/USD needs an impulse from moderate US figures and dovish Fed comments to continue advancing


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GBP/USD needs an impulse from moderate US figures and dovish Fed comments to continue advancingNEWS |
8/4/2021 9:39:08 AM GMT
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By FXStreet Insights Team
GBP/USD has been making its way higher after retreating from the peak earlier on as UK covid cases continue falling. Attack on 1.40 coming? Upbeat UK data supports gains, in the view of FXStreet’s Analyst Yohay Elam.
Cable trend is positive
“UK COVID-19 cases have extended their decline, and seem to be on the verge of breaking below the 20,000 infections/day barrier. Despite the increase in deaths from the deadly disease, it seems that Britain s reopening had little effect on spreading the virus.”  ....

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GBP/USD: Upbeat UK data helping bulls

GBP/USD: Upbeat UK data helping bulls
forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.

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Pound Australian Dollar Exchange Rate Rises as UK Factory PMI Hits Decade-High


April 1, 2021 - Written by John Cameron
GBP/AUD Exchange Rate Edges Higher on Upbeat UK PMI Data
The Pound Australian Dollar (GBP/AUD) exchange rate rose by 0.2% today after the UK’s factory PMI surged and hit a decade-high of 58.9 in March. The pairing is currently fluctuating around AU$1.82.
Analysts at Markit commented on the report:
‘Business sentiment was at its most elevated for seven years, hitting unsurpassed levels at both consumer and investment goods producers.
‘Almost two-thirds of manufacturers expect output to rise over the coming year (only 6% expect a contraction). Jobs growth was also at a seven-year high, supported by the sharpest rise in backlogs of work for 11 years.’ ....

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