Donny888
Long

bullish appear for GBP USD,

FX:GBPUSD   British Pound/U.S. Dollar
25 0 0
The British Pound rose for a third consecutive week against the US Dollar             after a hawkish-sounding Bank of England Quarterly Inflation Report rekindled interest rate hike speculation, as expected. Governor Mark Carney reminded investors that tightening is the next most likely direction for monetary policy, adding that the central bank intends to look past near-term downside inflation shocks from falling food and oil             prices. Investors now price in at least one 25 basis point increase in the baseline lending rate over the coming 12 months, with futures markets reflecting bets on a move in the fourth quarter of this year.
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