GBPUSD is poised for a breakout

GBPUSD is poised for a breakout if BOE sounded hawkish tomorrow.
- The Bank’s Monetary Policy Committee meets tomorrow to decide what to do on borrowing costs, which remain at record lows of 0.1%.
- If BOE hinted that it may raise rates in first half of 2022, specially after the inflation hit 10 year high in NOV
- Inflation at 10-year high puts fresh pressure on the Bank of England
- wait for a breakout to buy GBPUSD
- place your stop loss at 1.3150

Trade closed: target reached