#GBPUSD @ 1.26280 : Hawkish BoE hike may keep Cable in the ascendancy – SocGen
…
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)]
GBP/USD resumed trading above 1.26. Economists at Société Générale expect Cable to remain elevated on a hawkish Bank of England (BoE) this week.
“A hawkish 25 bps rate increase this week by the BoE could keep Sterling support and defy bearish seasonal trends.”
“A three-way split with some members renewing their call for 50 bps is not ruled out after above forecast wage and inflation data last month.”
“We forecast +25 bps to 4.50% and will review their call for the terminal rate of 4.50% after the meeting.”
[/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
