Fundamentally, GBP is still very weak. The economy is on verge of another stand still with a potential second lock down imminent as Boris already changing lock down rules in England and other parts of the UK struggling too. Par the BOE news this morning, there are not many positives the UK are facing. In fact, the BOE interest rate cuts to negative was just an idea that the BOE are looking to get into to help recover the huge GDP loss the country is having. I do not think is suitable thing to do for them as of now with a second wave of corona lockdown so close to happening.
Technically all is labelled. Just waiting for candle confirmations. Hopefully all can be done before Thursday where BOE have another news announcement.
Technically all is labelled. Just waiting for candle confirmations. Hopefully all can be done before Thursday where BOE have another news announcement.
Order cancelled:
No confirmation candles.