gbp usd for the week april 29
TRANSCRIPT
The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancialBrokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising outof any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for anylosses arising from any investment based on any recommendation, forecast or other information herein contained.
Current Market Price 1.5483
Target 1.5633
Stop Loss 1.5333Recommendation Buy at Current Market Price
GBP-USD Analysis
28th April 2013
(For the Week April 29– May 03)
GBP-USD Analysis
The information contained herein is derived from sources believed to be reliable, but of which we have not independently verified. CenturyFinancialBrokers L.L.C. (CFB) assumes no responsibility for errors, inaccuracies or commissions in these materials, nor shall it be liable for damages arising outof any person's reliance upon this information. DISCLAIMER: This overview can be used only for informational purposes. CFB is not responsible for anylosses arising from any investment based on any recommendation, forecast or other information herein contained.
The pound has regained strength against the dollar this week as a government report showed the U.K.economy avoided a recession last quarter, damping speculation the Bank of England will boost stimulus.U.K. gross domestic product grew 0.3 percent in the first quarter, the Office for National Statistics said onApril 25. The median forecast was for growth of 0.1 percent. From a year earlier, GDP expanded 0.6percent, the most since the fourth quarter of 2011.The Bank of England next meets on May 8-9 after policy makers were split this month on whether toextend the 375 billion-pound ($581 billion) asset-purchase program that tends to devalue a currency. U.K.government bonds fell as the gross-domestic- product report spurred demand for higher-yielding assets.In view of the good economic data from the UK region we expect the GBP to rally this week.