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Priceaction113 has taken 5th place in Fundamental analysis Contest Jan 2019, week 4

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Priceaction113 has taken 2nd place in Fundamental analysis Contest Jan 2019, week 1

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GBP/USD

Today’s market hours brings the latest Monetary Policy Statement from the BOE as well as the central bank’s interest rate call, all dropping at 11:00 GMT; a 25 bps rate hike from the BOE has been highly anticipated, but a recent slump in UK economic data has left the odds of a rate hike on the low side, and yesterday’s Markit PMI dropped to 54.0, below the market’s broader expectations and slipping further away from the previous reading, implying a slowdown for the UK could be on the cards for E…
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