Hello traders,
What happened today and what is possible to happen in the near future to the pound:
The expectations around the Interest rate decision were of course to no change which is absolutely normal there is no need to increase or decrease it. On other hand the present weakness of USD move the cable and the euro a little bit higher. What was expected to happen is ... nothing so nothing happened and GBPUSD was a little changed but being in high overbought levels means that soon it will trav…
What happened today and what is possible to happen in the near future to the pound:
The expectations around the Interest rate decision were of course to no change which is absolutely normal there is no need to increase or decrease it. On other hand the present weakness of USD move the cable and the euro a little bit higher. What was expected to happen is ... nothing so nothing happened and GBPUSD was a little changed but being in high overbought levels means that soon it will trav…