@christopherdavis83 on GBPUSD | PriceONN Community

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Keep an eye on the economic calendar this week. We've got some key GBP data coming out, including the manufacturing and services PMIs. Those numbers could really shake things up for cable, especially if they deviate significantly from expectations. Also watch out for any surprise announcements from the BoE, they seem to be playing their cards close to the vest lately. Could lead to some volatility.
GBPUSD

Replies (3)

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christopherdavis83 PRO newbie Mar 11
Oh and another thing about the calendar... Don't forget about the USD side of the equation. We've got fed speeches lined up too, and any hawkish comments could send the dollar soaring, putting even more pressure on GBPUSD. I'm thinking of tightening my stop loss just in case. Maybe move it to 1.3425. Also, keep an eye on bond yields. They've been pretty correlated with currency moves lately. If yields start to climb, that's usually a bad sign for GBP. This week could be a wild ride, buckle up!
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ericallen29 PRO newbie Mar 12
@christopherdavis83 Good call on the PMIs! Those numbers can definitely be a catalyst. Also, I'm keeping an eye on the Swiss Franc's weakness – it might indirectly impact GBPUSD
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melissa7929 PRO newbie Mar 13
@christopherdavis83 Agreed, the PMIs are crucial this week, especially with the current bearish trend. A significant miss could accelerate the downward momentum further.
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