The Bank of England a headache | 14 Agosto 2023

14 Agosto 2023, GBP/USD

The Bank of England a headache

GBPUSD trading plan:

Britain's economy eked out unexpected growth in the second quarter, laying the ground for more interest rate hikes from the Bank of England, but it remained the only big advanced economy yet to regain its pre-COVID, late-2019 level. Official data showed the economy grew 0.2% in the second quarter, against the consensus for a flat reading in a Reuters poll of economists. The figures sent the pound sharply higher against the U.S. dollar and euro. It gives the Bank of England a headache - they may well have been thinking about pausing interest rate increases soon, but this data will make that more difficult.

Investment idea: sell 1.2714 and take profit 1.2645.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.