GBP/USD
Forecast : Bearish
Target : 1.4400
FUNDAMENTAL
- Broader measures of total output are likely to reflect the weakness in the underlying economic environment
- Industrial Production is expected to post another record-setting decline, shedding -12.8% in the year to March
- The Bank of England held the benchmark interest rate steady at the record-low of 0.50%
- increased the size of its asset purchase program by GBP 50B to a total of GBP 125B as the central bank expects inflation to ‘drop below the 2% target later this year
TECHNICAL ANALYSIS
- 11 MEI 2009
Resistances
1,5250 - 1,5330
Supports
1,5150 - 1,5090
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