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here's my point of view about GBPUSD , As always this is not any financial advise.
fundamentals ACCORIDNG TO FXSTREETS:
- Sterling could come on top if a more stable Conservative PM emerges
- The Bank of England's rhetoric remains hawkish
- BoE's path to normalisation has just been made fractionally easier
- Higher UK yields are on the horizo
- Central banks get eager to taper
- Yield differentials support the pound
- Worries about a second referendum on Scottish independence appear to have retreated somewhat
- BoE conveys an upbeat message on the economy
- British economic data continue to improve
- Bank of England see hopeful signs ahead for the UK
- The UK’s amazing vaccination prowess strengthen the pound
Vaccine optimism and shelving of negative rates to drive sterling higher
- BoE has left its rates unchanged, yet all but closed the door on negative rates
As you can see price is struggling to push to the downside , and it's forming some continuation pattern , next week i will wait a break or potential demand formation , just like my previous post about AUDUSD same kind of figure. let me know in the comment section your point of view
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If you want to learn our strategy:
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If you want to join our vip discord:
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OTHERS
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