Sterling selling resumes ahead of UK CPI

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 15, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Sterling bears were installed with inspiration during trading on Monday with the pound aggressively declining across the board following cautious comments from Bank of England (BoE) Deputy Governor NematShafikregarding a UK interest rate rise in 2016. Her cautious tone and disinclination towards a UK rate hike until wage growth has recovered in the UK economy dealt a sharp blow to investor sentiment, andhas consequently reinforced the growing concerns around the BoE’s clear reluctance to begin

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