GBPUSD: SELL signal on BOE meeting (3/3).
Updated
In a few hours, the Bank of England is to publish data on the interest rate, the volatility on GBPUSD will increase significantly as usual, and a range of price consolidation is already being traced. I believe that until the moment of publication, we will grow a little more and after that we will fall by the traditional 100-150 points.
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1.4000 SELL
1.3930 target 1
1.3870 target 2
If you like my idea, please get the like and write your opinion in the comments.
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1.4000 SELL
1.3930 target 1
1.3870 target 2
If you like my idea, please get the like and write your opinion in the comments.
Note
🔹The Bank of England, in accordance with expectations, kept the key rate at 0.1%. The regulator does not intend to tighten monetary policy, at least until inflation is stable at the 2% target level. As for the pace of asset purchases, they remain at the same level (government bonds: GBP875 billion, corporate bonds: GBP20 billion).🔹Inflation temporarily exceeded the target of 2%, mainly due to changes in energy prices (at the peak, it is possible to reach 3%). As these transitional effects caused by the market trajectory of interest rates disappear, inflation was expected to return to about 2% in the medium term.
🔹GBPUSD reacted by weakening (by about 70 points) and fell to 1.3900.
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