14.07.2016 • 13:00 GMT
GBP/USD Sentiment & Positioning Ahead of the BOE Rate Decision
The Bank of England is expected to cut its benchmark interest rate to a record-low 0.25 percent following the Brexit referendum outcome. GBP/USD net-long speculative positioning has declined even as prices found support near the 1.28 figure however, hinting a bounce may be ahead.
In this webinar, DailyFX Currency Strategist Ilya Spivak discusses the possibility that the Pound can rally even as the BOE eases monetary policy.