Cable Update (GBPUSD)

Quoting Fardeen1209

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Todays Rate Decision will be crucial. With last CPI and Core CPI Y/Y rose, Unemployment remains the same for the last 2 month (3.8%) while UK Composite PMI falling, and finally GDP m/m fell for 3 consecutives months in the last quarter, while gain for bullish force last month Will BOE set for a 75bps hike or a 50bps? Majority expect 50bps and money market might also priced in a greater probability for a 50bps, but this may set the dovish tone for NEXT MPC meeting, and see selling pressure poured in at the 50bps hike. A 75bps hike, we will see short...

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Quoting ScalaFX

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{quote} All protected waiting for NY

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Quoting Pat Chiko

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{quote} Thanks for useful info Bro. However, people are going to be annoyed at the MPC regardless of what they do If BoE to raise interest rates higher and for longer than previously expected, it will hit millions of most vulnerable households. Also forecast a long recession that would last into next year. Yeah....today is BOE day and the bank is set to make a historic hike since '97. Later in the on Firday unemployment claims from the US as NFP kicks off. Brace yourselves for the volatility ahead, gains and slumps will take shifts. Good luck.

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Quoting JereMi256

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{quote} Added @1.2187

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Quoting JereMi256

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{quote} SL 1.2206

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Quoting BeeTogether

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GU trickling up before 12pm making me nervous about the market.. not sure if the rise is to give a bigger drop or take off to123?

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