Do your homework, follow the footprints of smart money
-
GBP JPY Weakness Nears Important Technical Support
Both Sterling and the Japanese Yen are refusing to listen to their respective central banks, causing the pair to move lower. In the case of GBP, the Bank of England (BoE) recently signaled that UK interest rates are going to move higher this year and probably at a quicker pace than previously expected. Market expectations are now for the BoE to raise interest rates by 0.25% in May and November this year with a possible third hike in Q1 2019. Brexit negotiations however continue to drive Sterling at the current juncture and may continue to weigh on the currency ahead of important speeches by the UK’s Ministers for ... (full story)