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Back Technical analysis
GBP/USD – Smart Money Analysis: Bank of England Leaves Rate Hike Option Open
The GBP/USD pair has lost its
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The GBP/USD pair has lost its bullish momentum, and at present, the chart picture looks as though the pound will continue to decline. The price reacted to bearish imbalance 27, which allowed traders to open short positions and created new, less-than-optimistic prospects for the pound. Yesterday, the Fed tightened monetary policy, while today the Bank of England once again took a neutral stance, leaving the door open to a rate hike. However, the open door did not satisfy traders. The
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