SHORT GBPUSD 4H
- The better-than-expected UK inflation data likely reinforced market expectation for a 50bp Bank of England (BoE) hike for August.
- Lackluster UK growth could limit BoE ability to tighten materially ahead – to the detriment of the GBP.
- We target GBPUSD at 1.17 in 1-3 months’ time
- Lackluster UK growth could limit BoE ability to tighten materially ahead – to the detriment of the GBP.
- We target GBPUSD at 1.17 in 1-3 months’ time
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.