03/08/2017
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I think it will be interesting if I attempted to predict the direction of the gbp. With inflation report and BOE interest rate decision soon.
My opinion is that there is heavy downside risk to gbp. Although cpi has been picking up and unemployment has been falling. UK gdp as of 2016 is a drastic dip from the previous year. BOE is highly unlikely to raise interest rate.
It is not certain how markets will react, but i suspect there will be unwinding of long position. As the gbp have been building up for days.
____________
I think it will be interesting if I attempted to predict the direction of the gbp. With inflation report and BOE interest rate decision soon.
My opinion is that there is heavy downside risk to gbp. Although cpi has been picking up and unemployment has been falling. UK gdp as of 2016 is a drastic dip from the previous year. BOE is highly unlikely to raise interest rate.
It is not certain how markets will react, but i suspect there will be unwinding of long position. As the gbp have been building up for days.
I look for value wherever it can be found