Can BOE Push GBP/USD Below 1.30 ? - 8/4/2016

FX:GBPUSD   British Pound / U.S. Dollar
46 0 2
Bank of England has cut 0.25 basis point to bring the rate to 0.25 from 0.50 and little addition to QE today. So now the question is, whether it is enough to plummet the pound below 1.30 line. Judging from the initial price action, it doesn't look like but it is too early though. If 1.30 doesn't blow out today then be ready for the squeeze part two with GBP/USD             . AUD/USD             showed us how resilient it is by keep on rising higher even after RBA rate cut. Pound can follow that suit with even nastier side, because unlike Australian Dollar             , pound moves will not be contained within just 100 / 150 pips.
We will be watching this price action closely and if GBP/USD             manages to settle above 1.32 / 1.3250 with positive pulse then, 1.35 is not that far !
Besides, as we highlighted earlier about S&P             , that if it can't take out the support near 2120 then direction is still higher. Now you can see how bubbly it is with just few more quids into the system ;) Tough to bet against indices when there is never ending free money around.
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