GBP/USD to go lower on interest rate increase?
Updated
Although the likelihood of interest rate increase from the BoE is high
An unexpected decision or rate increase but paired with negative sentiment, could drive the gbp lower
An unexpected decision or rate increase but paired with negative sentiment, could drive the gbp lower
Trade closed: target reached
"any future increases in Bank Rate would be expected to be at a gradual pace and to a limited extent...There remain considerable risks to the outlook"
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