{"id":14920,"date":"2010-11-06T18:23:12","date_gmt":"2010-11-06T22:23:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14920"},"modified":"2010-11-06T18:23:12","modified_gmt":"2010-11-06T22:23:12","slug":"great-british-pound-will-continue-to-ride-high-in-the-forex-exchange","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/06\/great-british-pound-will-continue-to-ride-high-in-the-forex-exchange\/","title":{"rendered":"Great British Pound Will Continue To Ride High In The Forex Exchange"},"content":{"rendered":"<p><strong>By James McKee<\/strong><\/p>\n<p>Despite the current dismal economic conditions elsewhere in the world  England certainly seems to be making headway. Bank of England  interventions have lead to increased GDP and a more prosperous outlook  for England as a whole. The GBP|USD pair in the Forex Currency Exchange  has certainly been making gains, a Fibonacci retracement of 23.6% is in  the works according to some economists. Many predict that the Bank of  England will soon change its dovish tone and that the English economy  will continue to prosper through the near future.<\/p>\n<p>Most leading economists believe that the Bank of England will continue  its current policies into the foreseeable future in light of the fact  that England&#8217;s economy is slowly improving. Many however believe that  policies will change in an effort to coax further and faster progress.  It has certainly been the case in the past that central banks of western  countries do not know when to quit and to this end the &#8220;natural&#8221; rise  and fall in the value of currency is rarely seen. Thus we as traders are  left with analyzing and interpreting the actions of central banks and  other financial policy makers.<\/p>\n<p>Many are taking a keen interest in the GBP|USD pair because the  correction of the USD has already begun in the Forex market despite an  elevated US stock market. This correction is projected to come about in  the upcoming months while the outlook on the pound is optimistic so once  again betting against the dollar seems to be the best strategy here.  Stay informed about any events that might take place regarding both the  Federal Reserve bank and the Bank of England to be aware of any changes  on the horizon. While this pair won&#8217;t take you to the moon in the near  future it just may yield some healthy profit in the coming weeks.<\/p>\n<h3>About the Author<\/h3>\n<p>Author is a Forex trader and financial analyst residing in  Denver, Colorado. To stay up to date on all the latest developments in  the financial world and beyond be sure to check out the <a href=\"http:\/\/forex.tradingcharts.com\/foreign_exchange_rates\/\">forex exchange rates<\/a> regularly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By James McKee Despite the current dismal economic conditions elsewhere in the world England certainly seems to be making headway. Bank of England interventions have lead to increased GDP and a more prosperous outlook for England as a whole. The GBP|USD pair in the Forex Currency Exchange has certainly been making gains, a Fibonacci retracement &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/11\/06\/great-british-pound-will-continue-to-ride-high-in-the-forex-exchange\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Great British Pound Will Continue To Ride High In The Forex Exchange&#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-14920","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=14920"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14920\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}