GBPUSD teases a sudden reversal candles a good wealthy short trade is arrived!!!
After hitting a fresh five-year low at 1.4565 only at the beginning of the week, the GBPUSD appeared dangerously close to re-entering 1.45 after declining to 1.4602 following further weak UK inflation data pressuring the Sterling. Although annualised inflation remained unchanged at zero, what is going to concern the Bank of England (BoE) is core inflation remaining below expectations.
After hitting a fresh five-year low at 1.4565 only at the beginning of the week, the GBPUSD appeared dangerously close to re-entering 1.45 after declining to 1.4602 following further weak UK inflation data pressuring the Sterling. Although annualised inflation remained unchanged at zero, what is going to concern the Bank of England (BoE) is core inflation remaining below expectations.