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here's my point of view about GBPUSD , As always this is not any financial advise.
fundamentals ACCORIDNG TO FXSTREETS:
Sterling could come on top if a more stable Conservative PM emerges
The Bank of England's rhetoric remains hawkish
BoE's path to normalisation has just been made fractionally easier
Higher UK yields are on the horizo
Central banks get eager to taper
Yield differentials support the pound
Worries about a second referendum on Scottish independence appear to have retreated somewhat
BoE conveys an upbeat message on the economy
British economic data continue to improve
Bank of England see hopeful signs ahead for the UK
The UK’s amazing vaccination prowess strengthen the pound Vaccine optimism and shelving of negative rates to drive sterling higher
BoE has left its rates unchanged, yet all but closed the door on negative rates
As you can see price is struggling to push to the downside , and it's forming some continuation pattern , next week i will wait a break or potential demand formation , just like my previous post about AUDUSD same kind of figure. let me know in the comment section your point of view
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