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GBP/USD Forecast: Eyes, Trade deficit, BOE rate decision after bullish close on charts

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The GBP/USD pair witnessed a stellar 180-pip rally on Wednesday as the markets ditched the US dollars amid risk-off moves in the financial markets. The Fed came out dovish at the September meeting and the primary reason for that was the instability in the financial markets. Hence, the traders may have sold USD this week on speculation that renewed risk-off in the financial markets would force the Fed to initiate a much smaller liftoff (less than 25 basis points). Eyes UK Trade deficit data and

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