The currency pair has been declining since the beginning of this month, but in the near future, the price is expected to be located in the 0.8500 area. In turn, concerns about the Pound are caused by a combination of factors such as lagging economic growth in Britain, coupled with a reduction in the volume of fiscal and monetary accommodation.
Like the Fed, the Bank of England is preparing to begin tightening monetary policy. The QE program should be completed by the end of the year.
Thus, the bullish mood would continue, as the demand for the US dollar is usually supported by the Pound.
Proposed deal for this tool:
Entry Point - 0.84736
Stop Loss - 0.84556
Take Profit - 0.84916
Thanks for your comments and likes 👍
Like the Fed, the Bank of England is preparing to begin tightening monetary policy. The QE program should be completed by the end of the year.
Thus, the bullish mood would continue, as the demand for the US dollar is usually supported by the Pound.
Proposed deal for this tool:
Entry Point - 0.84736
Stop Loss - 0.84556
Take Profit - 0.84916
Thanks for your comments and likes 👍
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