Somrat4030
Member
The main highlight for GBP traders will be on the upcoming speeches from BoE Officials given the aggressive tightening priced into UK rates. While the rates market appears pretty conclusive that the BoE will tighten policy this year, it is still an open debate as to whether the Bank will pull the trigger with traders yet to hear from the more dovish members on the committee.
GBP/USD Good two-way price action in cable as the morning lift above 1.37 pares slightly. Still, topside resistance at 137.50 will be the focus for bulls. Meanwhile, the dip in EUR/GBP falls short of printing fresh YTD lows, however, the path of least resistance appears lower with a close below 0.8450 to confirm as much.
You can learn more about forex trading at forum.forex.
GBP/USD Good two-way price action in cable as the morning lift above 1.37 pares slightly. Still, topside resistance at 137.50 will be the focus for bulls. Meanwhile, the dip in EUR/GBP falls short of printing fresh YTD lows, however, the path of least resistance appears lower with a close below 0.8450 to confirm as much.
You can learn more about forex trading at forum.forex.
