{"id":48667,"date":"2014-03-18T17:54:05","date_gmt":"2014-03-18T21:54:05","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=48667"},"modified":"2014-03-18T15:54:46","modified_gmt":"2014-03-18T19:54:46","slug":"big-pound-day-uk","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/18\/big-pound-day-uk\/","title":{"rendered":"Big Pound Day from the UK"},"content":{"rendered":"<p>MPC minutes and a raft of employment data set for release on Wednesday, March 19. If the releases support the same bias, they could fuel a break out of <a title=\"http:\/\/www.economiccalendar.com\/2014\/03\/18\/gbp-big-day-of-data-could-fuel-volatility-in-the-sterling\/\" href=\"http:\/\/www.economiccalendar.com\/2014\/03\/18\/gbp-big-day-of-data-could-fuel-volatility-in-the-sterling\/\">current range in the GBP\/USD<\/a>. If the releases contradict each other (i.e. one bullish one bearish), it will likely hold the pair within its range. The different scenarios are outlined on a table below.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"gbp.usd table\" src=\"http:\/\/www.economiccalendar.com\/wp-content\/uploads\/2014\/03\/table1.jpg\" width=\"609\" height=\"118\" \/><\/p>\n<p>For bearish\/bearish, downside movement should be expected at the support area of 1.6593-1.6600. Should GBP\/USD close below this level then look for further movement to 1.6550.<\/p>\n<p>For a bullish\/bullish scenario, expect a break at the range mentioned above around 1.6700 and if GBP\/USD goe over this level, upside movement will continue towards the target 1.6749-1.6761.<\/p>\n<p>Assuming no other unexpected surprises such as over a 2 percent employment drop or majority of the MPC voting for a rate hike\/cut, the response will likely be muted and GBP\/USD will hold in its current range.<\/p>\n<p>Daniel Elo, <a title=\"http:\/\/www.economiccalendar.com\/2014\/03\/18\/gbp-big-day-of-data-could-fuel-volatility-in-the-sterling\/\" href=\"http:\/\/www.economiccalendar.com\/2014\/03\/18\/gbp-big-day-of-data-could-fuel-volatility-in-the-sterling\/\">www.economiccalendar.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MPC minutes and a raft of employment data set for release on Wednesday, March 19. If the releases support the same bias, they could fuel a break out of current range in the GBP\/USD. If the releases contradict each other (i.e. one bullish one bearish), it will likely hold the pair within its range. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/18\/big-pound-day-uk\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Big Pound Day from the UK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-48667","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=48667"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/48667\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=48667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=48667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=48667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}