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haykeensfx
May 5, 2022 10:31 AM

How many BoE rate hikes can the UK economy endure? Short

Euro Fx/British PoundFXCM

Description


The BoE is expected to hike its policy rate by 25 basis points for the fourth straight time in May. The vote split could provide a key clue about the rate outlook.

In regard to that, price as turned away from the RESISTANCE level and we expect #EURGBP to go bearish uptill or beyond @0.84180.

NOTE: observe all risk management measures !
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