Brexit + No interest Hikes for GBP equates to more short selling

FX:GBPUSD   British Pound / U.S. Dollar
39 0 1
The British Pound has been taking a pounding (pardon the pun) in recent weeks.

Chart shown here indicates that if the trend line shown is broken then two targets are on indicated by the two areas marked on the charts. the reason for this is my understanding is the British Bank has ruled out an interest hike this year and with the European vote coming in soon playing on investors minds has given a bearish indication to the pound in recent weeks.

For more information, please sign up to my website which will soon contain a ton of great features for traders: http://www.ejfxtrading.com
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out