GBP/USD Forecast: consolidating near the highs, directionless

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair was once again rejected on an attempt to extend beyond the 1.5500 level, having extended up to 1.5505 with the European opening. The pair however, continues consolidating near its highs, ahead of BOE's Governor Carney speech. The Bank of England head is due to testify on the Bank of England Bill before the Treasury Select Committee, in London, and market will be looking there for clues on a possible rate hike. Carney is not expected to offer a certain date, but a hawkish

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