GBP/USD to go lower on interest rate increase? Short

British Pound/U.S. DollarFXCM

Description

⋅ Nov 2, 2017 10:17 AM

Although the likelihood of interest rate increase from the BoE is high

An unexpected decision or rate increase but paired with negative sentiment, could drive the gbp lower

Trade closed: target reached

⋅ Nov 2, 2017 1:23 PM

"any future increases in Bank Rate would be expected to be at a gradual pace and to a limited extent...There remain considerable risks to the outlook"