#GBPUSD @ 1.26359 : Any sell-off on BoE remarks being read as a ‘pause’ would be limited to the 1.2350/2450 area – ING
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Sterling has been out of the market’s focus over recent months. Economists at ING analyze how the GBP could react to the Bank of England meeting.
“Regarding the event risk of the BoE meeting, the key issue will be there is a sharp correction in the pricing of further BoE tightening later this year. On balance, we doubt the pushback will be there (yet), suggesting that Sterling does not have to fall too far, if at all.”
“With downside risks to the Dollar still present, it looks like GBP/USD can hold above these 1.25 levels and perhaps push onto the 1.2650/2750 area. Given what should be a building Dollar bear trend this year, we suspect any intra-day sell-off on any remarks being read as a ‘pause’ would be limited to the 1.2350/2450 area.”
“Our baseline assumes GBP/USD ends the year near 1.28/30, and EUR/GBP gravitates back to the 0.89 area as the ECB out-hikes the BoE.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
