{"id":24405,"date":"2023-02-09T10:25:42","date_gmt":"2023-02-09T10:25:42","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/boe-economic-outlook-and-the-british-pound\/"},"modified":"2025-11-17T15:03:16","modified_gmt":"2025-11-17T15:03:16","slug":"boe-economic-outlook-and-british-pound","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/vi\/boe-economic-outlook-and-british-pound\/","title":{"rendered":"BOE Economic Outlook And The British Pound"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>Today we have the UK Monetary Policy Report Hearings, where the BOE will be providing its inflation and economic outlook to the parliament&#8217;s treasury committee.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">GBPCAD<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"9228\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/GBPCAD-D-scaled.jpg\" alt=\"\" class=\"wp-image-9228\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"9233\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/GBPCAD-M-scaled.jpg\" alt=\"\" class=\"wp-image-9233\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-id=\"9238\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/GBPCAD-W-scaled.jpg\" alt=\"\" class=\"wp-image-9238\"\/><\/figure>\n<\/figure>\n\n\n\n<p>The <a href=\"https:\/\/www.fxglobe.com\/gbpjpy-reversal\/\" data-type=\"post\" data-id=\"29833\">Monthly chart<\/a> of this pair is in a confirmed downtrend, and after a strong selloff to a new Lower Low (which also broke the 2010 lows), buyers have returned into the market, pushing the price up into it\u2019s Moving Average. With the month of December printing a bearish rejection candle, and the month of January an indecision candle, more sellers have returned into this <a href=\"https:\/\/www.reuters.com\/article\/britain-sterling\/sterling-hovers-below-15-month-highs-idUSL8N38W21M\">market<\/a>.<\/p>\n\n\n\n<p>On the Weekly chart, price has been printing a Lower High, and if and when the market will break through the level of around 1.61 it will also be confirming a downtrend on this timeframe.<\/p>\n\n\n\n<p>On the <a href=\"https:\/\/www.fxglobe.com\/the-incredible-impact-of-small-daily-profits-achieving-100-annual-returns\/\" data-type=\"post\" data-id=\"31464\">Daily chart<\/a> we can spot three recent touches around this level, and in each touch the market could not push higher then from the previous touch, thus printing Equal Lows and Lower Highs &#8211; a compression of price. I\u2019d like to see another touch at this level for some further price compression, before a potential break. However, if the market will break through this level without another touch, then I\u2019ll be<br>looking for a decisive close below this level and then a pullback to test this level from<br>below.<\/p>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! Today we have the UK Monetary Policy Report Hearings, where the BOE will be providing its inflation and economic outlook to the parliament&#8217;s treasury committee. GBPCAD The Monthly chart of this pair is in a confirmed downtrend, and after a strong selloff to a new Lower Low (which also broke the 2010 [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":18480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"BOE Economic Outlook: Impact on GBP | %%sitetitle%%","_seopress_titles_desc":"Explore the latest BOE economic outlook and its implications on the British Pound. Stay informed and adapt your trading strategy accordingly.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[74],"tags":[],"class_list":["post-24405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-escolhas-diarias"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/posts\/24405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/comments?post=24405"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/posts\/24405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/media\/18480"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/media?parent=24405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/categories?post=24405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/tags?post=24405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}