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Why it's a bad idea to fight the GBP decline ahead of the BOE - BNP Paribas

Discussion in 'Fundamental Analysis' started by ForexLive, Jul 6, 2016.

  1. ForexLive

    ForexLive Forum Member

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    From BNP Paribas: GBPUSD hit the 1.30 tactical target we established in the immediate aftermath of the referendum, trading to a low of 1.2798 as risky assets underperformed in Asia, and we continue to see risks as lying to the downside for the pound. 1.2753, which represents a June 85 weekly low, is viewed as an important support on the downside.

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