GBPUSD Technical Analysis – The BoE weighs on the Pound ...Middle East

Fundamental OverviewThe USD last week finished slightly positive but overall, it was a pretty flat week. We got some great US PMIs on Friday which showed growth without inflationary pressures. In fact, despite the strong PMIs the market pricing for interest rates remained unchanged. That should be positive for risk sentiment for the time being.The GBP, on the other hand, got pressured mainly because of the BoE policy decision where the central bank dropped some dovish signals and kept the door open for a rate cut in August. Moreover, the disappointing UK PMIs on Friday led to some more weakness, although they were reversed after the US PMIs. The mood in the markets has been gradually improvi

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GBPUSD Technical Analysis – The BoE weighs on the Pound ...Middle East

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