China New Loans above expectations (1100B) in September: Actual (1590B)

Oct 14, 2024

GBP/USD Price Forecast: Bears have the upper hand, 50-day SMA breakdown in play

The GBP/USD pair extends its sideways consolidative price move at the start of a new week and oscillates in a narrow trading band around mid-1.3000s through the first half of the European session.

China New Loans above expectations (1100B) in September: Actual (1590B)

GBP/USD Price Forecast: Bears have the upper hand, 50-day SMA breakdown in play

China M2 Money Supply (YoY) came in at 6.8%, above forecasts (6.4%) in September