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GBP/USD Forecast: downside favored ahead of the BOE

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 14, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair is down for second day in-a-row, currently trading around its weekly opening of 1.4125 ahead of the Bank of England economic policy decision. The UK Central Bank is largely expected to maintain rates at record lows and the Assets Purchase Program also unchanged. Focus, will then turn in how the MPC members vote -last time, all 9 agreed to leave rates unchanged- and any comment on upcoming decisions, or a possible Brexit. The 4 hours chart favors the downside, as the price

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