Note

GBP/USD FINDS A FOOTHOLD AHEAD OF BOE’S UPCOMING RATE CALL

hagijeee
· Views 50



  • GBP/USD pushed above 1.2700 in tepid Wednesday trading.
  • US midweek holiday crimped market volumes, hobbling flows.
  • BoE expected to hold rates, investors to look for shifts in votes.

GBP/USD elbowed its way firmly above 1.2700 in quiet Wednesday trading as GBP traders gear up for Thursday’s latest outing from the Bank of England (BoE), which is expected to keep rates on hold at 5.25% even as UK economic data continues to miss the mark, but not badly enough to spark institutional fears of an outright recession.


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related