Last week we saw pound strength against most of its major counterparts; excluding that of the yen. This was due to Hawkish tones coming from the BoE meeting minutes. According to the minutes, a number of policymakers believe that a “rate hike could be needed sooner” with MPC policymaker Kristen Forbes voting for an immediate 25bp tightening. Although the triggering of Article 50 is said to occur within the next two weeks, until further information is released I am a bear on this pair.
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LoVELY setup I like how you stick to your BIAS all out