hello traders here is my bias of GBP USD using the TOP DOG indicator
The GBP/USD pair refreshed daily tops during the early UK session,
with bulls making a fresh attempt to build on the momentum beyond the 1.3700 mark.
UK money markets indicated that investors have pushed back bets for 10bps interest rate cut by the BoE to 2022 vs the previous expectations for such a move in December.
Hence, the key focus will remain on the upcoming BoE meeting on Thursday. In the meantime, the GBP/USD pair is more likely to remain well within a two-week-old trading range amid absent market-moving economic data. That said, developments surrounding the coronavirus saga might infuse some volatility and produce some trading opportunities.
The GBP/USD pair refreshed daily tops during the early UK session,
with bulls making a fresh attempt to build on the momentum beyond the 1.3700 mark.
UK money markets indicated that investors have pushed back bets for 10bps interest rate cut by the BoE to 2022 vs the previous expectations for such a move in December.
Hence, the key focus will remain on the upcoming BoE meeting on Thursday. In the meantime, the GBP/USD pair is more likely to remain well within a two-week-old trading range amid absent market-moving economic data. That said, developments surrounding the coronavirus saga might infuse some volatility and produce some trading opportunities.
