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  • GBP/USD prediction: BOE rate decision preview

    From invezz.com

    The GBP/USD price was in a tight range during the Asian session as investors waited for the upcoming interest rate decision by the Bank of England (BOE). The pair is trading at 1.3565, which is about 1.5% above the year-to-date low. The BOE will become the second major central bank to deliver its decision this week after the Reserve Bank of Australia. Analysts expect that the bank will deliver a relatively hawkish stance. For example, they expect that the BOE will hike interest rates by about 0.25% in its first decision of the year. If this happens, it will be the first time that the bank has hiked rates in two ... (full story)

So effectively GU went up on hot air believing that rates will be hiked for the first time ever in two meetings in a row. Well, sorry it won't happen then. The rise was a lie to put sells in, meanwhile the criminals send their analysts to make people believe there will be hikes. Then after the meeting and there is no hike they dump it. Old dogs with same old tricks!
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quote
The GBP/USD pair has been in a strong bullish trend in the past few days.

The USD has been in a strong bearish trend which dragged the pair higher. GBP has stayed stable.
Both GBPUSD and EURUSD are moving down and the move may continue at least until tomorrow afternoon. Nobody will really care with the 0.25% BOE interest rate hike.
Follow your guts, if you want to lose your money...
Quoting JotaP
{quote} The USD has been in a strong bearish trend which dragged the pair higher. GBP has stayed stable. Both GBPUSD and EURUSD are moving down and the move may continue at least until tomorrow afternoon. Nobody will really care with the 0.25% BOE interest rate hike.
I guess you were wrong!!!
I live in the future
Quoting TonyTepeli
{quote} I guess you were wrong!!!
The fake news caused a fake convulsion, but things will be back to what is expected pretty soon.
USD is too weak, it will revert at any moment, likely by the news tomorrow.

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Follow your guts, if you want to lose your money...
Quoting Mitiblotch
So effectively GU went up on hot air believing that rates will be hiked for the first time ever in two meetings in a row. Well, sorry it won't happen then. The rise was a lie to put sells in, meanwhile the criminals send their analysts to make people believe there will be hikes. Then after the meeting and there is no hike they dump it. Old dogs with same old tricks!
I think you'd better reconsider your career in market predictions. You're producing more hot air than the analysts you're accusing of lying.
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