- Analytics
- News and Tools
- Market News
- GBP/USD to resume late July rally towards 1.3985 on a break above 1.3900 - Westpac
GBP/USD to resume late July rally towards 1.3985 on a break above 1.3900 - Westpac
FXStreet reports that economists at Westpac see tentative signs of a resumption of the late July rally in the GBP/USD pair.
“There are tentative signs of a resumption of the late July rally. Above 1.3900 would add confidence to that view and target the recent peak of 1.3985.”
“There’s plenty of UK data over the next week for upside surprise potential, with growth, labour and inflation all featuring.”
“The reopening of the economy, expected resultant economic recovery and less stimulatory monetary policy, should support the GBP. That said, the BoE has signalled a clear and predictable path for the removal of QE, but also one which is designed to minimise market disruption, so that any upside moves in GBP in response are likely to be measured.”
“Health outcomes are firmly in the mix. Cases fell in the second half of July, and have stalled so far in August, while hospitalisations have fallen slightly in August.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
