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Trade Idea: GBP Hit on Bleak BoE Outlook, But Can Cable Bounce?

by Joel Frank
4 August 2022
in Insights
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GBP/USD has slipped on Thursday despite a 50 bps rate hike from the BoE and hawkish commentary from Governor Bailey, with markets doubting how much further the bank can raise rates given its bleak economic outlook. Still, if easing inflation/wage pressure fears and further gains in stocks keep the buck under pressure, GBP/USD could bounce. 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:20 GBP/USD

Tags: Andrew BaileyBoEGBPUSDInflationRate hikes
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