Poor data poor economy and rate unchanged still gbp is breaking all odds hmmm!!! fx
GBPJPY Breaks key resistance - but is it all hype?
BoE held rates as widely expected, whilst MPC voting members also stuck to 7-2 in favour of no action again. Yet despite the lack of fresh dissenters, the BoE signalled they could be on track to raise rates for the first time in ten years. The British Pound extended gains across the board and made notable gains against JPY and CHF. At the time of writing, GBPJPY is on track for its most bullish week since July 2016 and GBPCHF its most since November 2016. Furthermore, this rally includes the latest missile launch from North Korea earlier today which Sterling shook off like water from a duck’s back. Gains this month alone remain impressive ... (full story)
- Posted: Sep 15, 2017 6:47am
- Submitted by:Category: Technical AnalysisComments: 11 / Views: 2,821