as we start the month with trade wars which the cable possibly will not be part of, optimism has grown around a potential Ukraine peace plan reinforcing Britain’s support. Sterling also has gained strength from the expectations that UK interest rates will remain higher for longer. Bank of England Deputy Governor Ramsden highlighted that persistent wage pressures could keep inflation above target, though he noted future rate cuts may not be gradual. This outlook, combined with geopolitical developments, has boosted investor confidence in the pound and so am hoping for a retest to my fair value price @ 1.27000 handle before the bulls comes in and drives the price to my unmitigated zone
1st Tp @1.32500
1st Tp @1.32500
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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.