It is assumed that the pound may continue to receive support amid the likelihood of a rate hike in 2022.
Some analysts believe that after last week's meeting of the monetary policy committee (MPC) may announce a small rate hike in February. This opinion gives hope to the bulls. However, we cannot exclude this fact and say that the pound will not meet many obstacles on its way up in the coming months, since there are a number of fundamental reasons for this.
Proposed deal for this tool:
Entry Point - 0.86273 (Sell-Stop)
Stop Loss - 0.86518
Take Profit - 0.86026
Some analysts believe that after last week's meeting of the monetary policy committee (MPC) may announce a small rate hike in February. This opinion gives hope to the bulls. However, we cannot exclude this fact and say that the pound will not meet many obstacles on its way up in the coming months, since there are a number of fundamental reasons for this.
Proposed deal for this tool:
Entry Point - 0.86273 (Sell-Stop)
Stop Loss - 0.86518
Take Profit - 0.86026
Trade active
Trade active:
The trade has been updated to Break-even🙌
Trade closed: target reached
