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icypopsicle

SHORT GBPUSD 4H

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
icypopsicle  
FX:GBPUSD   British Pound / U.S. Dollar
Beyond Technical Analysis Chart Patterns Trend Analysis
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beyondta chartpattern trendanalysis
- The better-than-expected UK inflation data likely reinforced market expectation for a 50bp Bank of England (BoE) hike for August.
- Lackluster UK growth could limit BoE ability to tighten materially ahead – to the detriment of the GBP.
- We target GBPUSD at 1.17 in 1-3 months’ time

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