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What was the high low for forex gu pair november 27 2014?

Forex trading is the buying and selling of different currencies. The exchange rates of currencies fluctuate constantly, which creates an opportunity for traders to make a profit by buying low and selling high. The high low in Forex refers to the highest and lowest exchange rates for a particular currency pair within a specific time frame.

November 27, 2014, was a significant day for the Forex market. It was a day of high volatility, with several important economic events and data releases that affected the currency pairs. One of the most traded currency pairs was the GBP/USD pair, commonly known as the cable.

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The cable is one of the most popular currency pairs in the Forex market, representing the exchange rate of the British pound sterling against the US dollar. The GBP/USD pair is known for its high volatility and liquidity, making it an attractive pair for traders.

On November 27, 2014, the cable opened at 1.5789 and closed at 1.5738. During the day, the pair reached a high of 1.5818 and a low of 1.5711. The high low for the GBP/USD pair on November 27, 2014, was 1.5818 and 1.5711, respectively.

The high and low for the GBP/USD pair on November 27, 2014, were influenced by several factors. One of the main drivers of the volatility was the release of the US Gross Domestic Product (GDP) data for the third quarter of 2014. The data showed that the US economy grew at an annualized rate of 3.9%, which was higher than expected. This news strengthened the US dollar and pushed the GBP/USD pair lower.

Another factor that contributed to the high and low for the currency pair was the Bank of England’s (BOE) monetary policy announcement. The BOE kept its interest rates unchanged at 0.5%, which was widely expected. However, the central bank also signaled that it would not raise rates until early 2016, which weakened the British pound and pushed the GBP/USD pair lower.

Overall, the high low for the GBP/USD pair on November 27, 2014, was 1.5818 and 1.5711, respectively. This volatility was influenced by several factors, including the release of US GDP data and the BOE’s monetary policy announcement. Traders who were able to correctly predict and react to these events could have made a profit from trading the GBP/USD pair. However, it is important to note that Forex trading involves significant risk, and traders should always conduct thorough research and risk management before making any trades.

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