Why are we taking this sell even though the trend is bullish?
"Bank of England rate-setter Megan Greene suggests that future rate cuts could boost consumer spending in the UK, potentially stimulating the economy. However, she remains cautious about rushing into a faster rate-cutting cycle due to uncertainties around how households will react. With inflation risks still present and consumer spending lagging compared to the US, the outlook for GBP remains uncertain. Traders should watch for any signs of the BOE taking a more aggressive stance on rate cuts, which could impact GBP/JPY movement in the coming weeks."
If BOE does take more of aggressive stance expect this to play out
"Bank of England rate-setter Megan Greene suggests that future rate cuts could boost consumer spending in the UK, potentially stimulating the economy. However, she remains cautious about rushing into a faster rate-cutting cycle due to uncertainties around how households will react. With inflation risks still present and consumer spending lagging compared to the US, the outlook for GBP remains uncertain. Traders should watch for any signs of the BOE taking a more aggressive stance on rate cuts, which could impact GBP/JPY movement in the coming weeks."
If BOE does take more of aggressive stance expect this to play out
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My free signals
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
Twitter
x.com/Elitepipmaster
t.me/+pknBOliLTkI1Mjk5
Contact me
t.me/Eleazarahmath
x.com/Elitepipmaster
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.