GBPUSD GBP upside should be limited, UK economy surprisingly shrunk in January by 0.1%, City ecomists are concerned about recesion, this will also add pressure on BOE to cut rates again (unexpectedly) next week as by looks of it latest cut failed to provide necessary boost for economy, we also have new taxes, ni raise, minimum wage rise coming into play soon wich will put extra strain on business, we will also hear spring monetary statement later this month where we will likely hear raising taxes or further spending cuts, This is all headwinds for GBP, latest rise was mostly helped by strong EUR, i can see this pair dropping sharply in next few months
GBPUSD who's currently making bluesss buying gbpusd now ??? thread carefully cos market would close in the next 27 mins. see y'all next week still buying into the 1hr OB anyways, let's gooooo !!!