GBPUSD: BoE liftoff could be delayed, bears could target 1.45

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The cable weakened in the first four months of 2015 on the threat of a hung parliament. But a decisive victory for the Tories led to a spike to 1.5929, which was followed by a drop to 1.5026 in November on falling BoE rate hike bets and increased odds of the Fed tightening. Throughout 2015, Sterling remained relatively resilient to increased odds of the Fed tightening as the markets believed the BoE would follow the Fed with its own liftoff 2016 – Fed tightening begins, BoE could wait

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