alex1
Short

GBPUSD is doomed near term

FX:GBPUSD   Pound Sterling/U.S. Dollar
213 0 1
King has indicated last week the slowing economy would drag inflation back below the 2.0% target . Carney is willing to execute more alternatives to King long standing policy of inflation targeting.
The economy is struggling with four negative quarterly contractions out of the last five quarters.
and in anticipation of further monetary easing, currency traders have no choice but to trade ahead
We expect this currency pair is to test the 1.50000 handle next week.
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