In this article, GBP/USD will be analyzed both fundamentally and technically and as known nothing is impossible in Forex, so different scenarios will be drawn to express about the most probable scenarios with the GBP /USD.
What is affected the move of GBP/USD nowadays:
GBP/USD is affected now by two different policies by both Bank of England (BOE) and United States Federal Reserve (FED) and also affected sometimes by UK internal issues like last Scotland independence vote which spread fears about UK unity, finally pound and other currencies is affected due to strong growth in US in the last months which make US$ to be favored.
- Different policies by BOE and FED:
One year ago, BOE hinted about possible rate hike after improvement of employment and inflation which hit 2%, but after strong fall of inflation to below 0, BOE still not able to talk about possible rate hike before next midyear.
In different, US FED is ready to raise interest rate for the first time from years, FED delayed its first rate hike more than once in order to prevent broad US$ gains which may dampen US growth, this time rate hike is very near but if something horrible hit …