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Instrument: GBPUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.22217 with take profit at 1.22845
Bearish Preference:
Sell position is envisaged if price trades below price 1.20267 with take profit at 1.19900
Fundamentals:
12pm GBP MPC Official Bank Rate Votes
GBP Monetary Policy Summary
GBP Official Bank Rate
1:30pm USD Philly Fed Manufacturing Index
USD Unemployment Claims
Comment:
Investors and economists are betting the Bank of England will increase its key rate a quarter point when it meets later Thursday, but decisions in the past 24 hours by the US Federal Reserve and the Swiss National Bank have raised the possibility that an even larger hike could be on the table.
Analysis: SCRUM Team
