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

    Oct 7, 2015
    Likes Received:
    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

    Continue reading...

Share This Page

free forex signals