GBPUSD: Bullish Ahead of BOE Rate Decision!
Since yesterday, GBPUSD has started a short-term upward move, driven by the tariff mess and the potential impact it could have on major economies. At least those are the ones who will be facing these moves.
On the other hand, the market is predicting a rate cut by the FED in September and this could be another reason why the USD is weak so far. It may not make much sense, but that is the situation.
GBPUSD is in a good position to rise further, however today we have the Bank of England interest rate decision. Market participants expect the Bank of England to cut rates by 25 basis points to 4% versus the current 4.25%. The impact on the market remains unclear in my opinion.
It is a bullish situation with the Bank of England ahead. There is a high risk.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Since yesterday, GBPUSD has started a short-term upward move, driven by the tariff mess and the potential impact it could have on major economies. At least those are the ones who will be facing these moves.
On the other hand, the market is predicting a rate cut by the FED in September and this could be another reason why the USD is weak so far. It may not make much sense, but that is the situation.
GBPUSD is in a good position to rise further, however today we have the Bank of England interest rate decision. Market participants expect the Bank of England to cut rates by 25 basis points to 4% versus the current 4.25%. The impact on the market remains unclear in my opinion.
It is a bullish situation with the Bank of England ahead. There is a high risk.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.