Forex technical analysis: GBPUSD rises and falls on BOE decision

Discussion in 'Technical Analysis' started by ForexLive, Jul 14, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Keeps rates unchanged but window for August remains wide open The BOE kept rates unchanged this month but kept the window wide open for August ("most members expect monetary policy to be loosened in August"). This has led to a sharp run up in the price followed by a sharp fall (being an algo trader might not be the best business in the world after all).

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