GBP pairs sold off pretty hard today after BOE lowered key interest rates to all time lows.
Going forward i will be playing a bounce on the short term time frames.
Looking for a bounce of the channel and stops below 131.3
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IMO Mark Carney was very dovish on the margin, certainly reinforcing their/ my view of an August cut being 90% on the table. The most supportive statements were "MonPol Important In Cushioning Effects Of Any Relapse In Recovery In Months & Quarters Ahead", "The MPC Does Not Have The ''Luxury '' and "More Should Be Done To Cushion The Effects Of Negative Shocks" -...
