Is GBPUSD going to pull back or not..?
With the dollar still looking stronger in terms of the economy..
...the dollar inflation eased a little bit YoY and up just a fraction MoM (Dec).
All eyes are on the 29th for the Rates decision.
The Pound recorded a rough GDP pushing it lower against the $.
We are awaiting a minor pull back as from next week if we end up eliminating 1.218.
We still expect the $ to dominate the 1st Quater so we'll proceed with caution ⚠️.
...the dollar inflation eased a little bit YoY and up just a fraction MoM (Dec).
All eyes are on the 29th for the Rates decision.
The Pound recorded a rough GDP pushing it lower against the $.
We are awaiting a minor pull back as from next week if we end up eliminating 1.218.
We still expect the $ to dominate the 1st Quater so we'll proceed with caution ⚠️.
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.