A busy session for the pound with testimonies to lawmakers failing to impress the GBP bulls.
The grilling of the two newbies Ramsden and Tenreyro brought cautious responses understandably and with Carney giving no further nod to a November rate hike we've seen GBPUSD fall to 1.3180 from 1.3285
When the trend be broke the market might make a run lower into the demand zone I’ve marked below
The grilling of the two newbies Ramsden and Tenreyro brought cautious responses understandably and with Carney giving no further nod to a November rate hike we've seen GBPUSD fall to 1.3180 from 1.3285
When the trend be broke the market might make a run lower into the demand zone I’ve marked below
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starting :)
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wait for big move
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UK Sept retail sales data now out 19 Oct
+0.9% prev revised down from 1.0%
yy 1.2% vs 2.1% exp vs 2.3% prev revised down from 2.4%
core sales ( ex auto fuel) mm -0.7% vs -0.
Ouch. Bye bye GBP. Happy days.
+0.9% prev revised down from 1.0%
yy 1.2% vs 2.1% exp vs 2.3% prev revised down from 2.4%
core sales ( ex auto fuel) mm -0.7% vs -0.
Ouch. Bye bye GBP. Happy days.
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GBP to be continued fall
