Summary
The pound had a relatively good week last week with gains over its major counterpart,the greenback. Even though no changes were made at last week’s interest rate decision, we saw the pound gaining ground amid unexpected hawkishness coming from one of the BoE members who voted for a rate hike. She maintained that UK’s inflation is almost where the bank targeted and some tightening would need to be done as the BoE’s main contention right now is inflation. I believe that Brexit will continue to dominate market participants sentiments regarding the pound. Article 50 is said to be triggered any time in the next two weeks.
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Great setup man