Sell GBPUSD Channel Breakout
Updated
Weaker inflation, higher unemployment and gloom from policymakers.
The fall in inflation is not the only issue holding the BoE back from hikes.
BoE’s decision to pause and the probable end to policy tightening represents a loss of interest rate support
Price breaks the channel now, its Good chance to sell now.
Thank you
The fall in inflation is not the only issue holding the BoE back from hikes.
BoE’s decision to pause and the probable end to policy tightening represents a loss of interest rate support
Price breaks the channel now, its Good chance to sell now.
Thank you
Trade active
Note
Note
Trade closed: target reached
Note
The pound has been under pressure in recent days due to several factors :Risk aversion: Rising tensions in the Middle East and concerns about a global economic slowdown have led investors to seek safe-haven assets, such as the US dollar. This has put downward pressure on the pound.
Weak UK economic data: Recent data releases have shown that the UK economy is slowing down. This has raised concerns about the Bank of England's (BoE) ability to raise interest rates, which would normally support the pound.
Brexit uncertainty: The UK is still negotiating its trade relationship with the European Union, and there is no clear outcome in sight. This uncertainty is weighing on the pound.
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