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GBP/USD Forecast: Sell-off could continue

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair was hammered on Thursday after the Bank of England (BOE) revised its growth and inflation forecasts lower and said the rate hikes; whenever they happen, are likely to be more gradual and limited. However, the major blow to Sterling bulls came through from the vote count, which stayed unchanged at 8-1 and during the Q&A session at the press conference, where Carney was reluctant to reiterate (his often repeated message) that rates could rise at the turn of the year. Markets

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