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Thread: GBP Higher Ahead of Rate Announcements

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    Default GBP Higher Ahead of Rate Announcements

    The pound also rose decently against the USD and other currency pairs on back of expectations that the MPC will be hawkish on Thursday. It broke has broken bear trend resistance from 4/18/07 at 1.9910. The break of 1.9960 could easily give scope for a test of 2.00+ within the end this week.

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    Quote Originally Posted by sabanoor View Post
    The pound also rose decently against the USD and other currency pairs on back of expectations that the MPC will be hawkish on Thursday. It broke has broken bear trend resistance from 4/18/07 at 1.9910. The break of 1.9960 could easily give scope for a test of 2.00+ within the end this week.
    sm_cool sm_cool sm_cool


    I am with u it is good point

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