Hi guys. The British Interest Rate is again left at 0.5%. The overal trading is bullish for the moment but keep an eyes on the price action as it could easily turn if the press conference after the anouncement give some bearish sign! Watch it now!
Lester, even though England avoided triple dip recession, could u tell us why the investors are still bearish on the GBP USD pair ?
It is not the GBP alone responsible for that bearish movement but the whole strength in US dollar, last few weeks. It is also visible on the other majors, like EUR/USD, USD/JPY and AUD/USD, and also with the precious metals. If this sentiment finished the British Pound will strongly bounce back higher as the British economy is really improving and have good perspectives in the future!