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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Forecast for GBP/USD on April 29, 2019


On Friday, under the general pressure of the US dollar, the pound sterling grew by 17 points. Today, in the Asian session, the pound is also slightly increasing, but so far the price is still developing under the red indicator balance line on the four-hour chart and the signal line of the marlin oscillator has touched, but did not overcome its own resistance trend line.

Today, data on personal spending and personal income for February and March will be published in the United States. Economists forecast a 0.4% rise in personal income after a 0.2% gain in February. Personal spending for February is seen rising 0.7%. Probably, the data will remind investors that the Friday figure for US GDP exceeded expectations (3.2% versus 2.2%). We are waiting for the price to fall in the range of 1.2772-1.2814.



The material has been provided by InstaForex Company -