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Thomson Reuters
Aug 01 - 09:48 PM
GBP/USD - Hawkish BoE Hike Would Be The Surprise Package
First appeared on eFXplus on Aug 01 - 08:05 PM
  • BoE hike priced @ 90%, focus on inflation & wages forecasts nL5N1US52B
  • Lack of Brexit progress & real chance of a hard exit suggests a dovish hike
  • IMM data showed GBP shorts increasing - hawkish hike would cause a spike
  • 1.3208/13, 61.8% July fall & recent top, then 1.3367 July high resistance
  • Neutral momentum studies, 5, 10 & 21 DMAs conflict, as consolidation extends
  • 1.3072/1.3213 range in place now for 2 weeks - sustained break directional

gbp aug 2 Click here

Source:
Thomson Reuters IFR Markets

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