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Wednesday 3 June 2015

GBPUSD Trend & momentum + BOE announcement ahead 3-Jun-2015

GBPUSD has gone up since later yesterday, and it stays at around 1.532 at the moment. The trend and momentum indicates it still has room in upside for short term.

By the way, Bank of England will announce the interest rate decision and asset purchase facility tomorrow morning in British time. Interest rate is expected to be unchanged at 0.50%. GBP is still relatively stronger against most of major currencies, and the latest consumer price indicated deflation. Considering those circumstances, Interest rate is expected flat or small possibility of downside.




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