.25% Previous. Forecasters predict .50%
This meeting will take place Thursday this week. A higher than expected rate is positive or for the GBP. While a lower then expected rate. Will bring for GBP.
Technicals dont explain to well of its next direction. BUT. Fundamentals will certainly be the game changer for this pair this week. Consolidation may take place, until Thursday.
A Break out from the monthly Parallel would conclude a bias.
Technicals show confluence of the up at the Yr highs. This may be the target for this trading idea. I am favoring the bias on this analysis. Thanks for reading my analysis. Good luck traders.