British Pound

GBP/USD Bearish on Doubts of BOE’s Stimulus Measures

GBPUSD Hourly (H1) Chart

GBP/USD: The pair is trading with clear dovish bias today with GBP testing an intra-day low of 1.2720 as doubts on BOE and UK government’s stimulus measures to support economic activity amid lack of post Brexit deal with EU. But broad-based USD’s weakness helped the pair trade range-bound below mid-1.27 handle for now. Traders now await US macro data for short term profit opportunities, and in case of worse than expected outcome, GBP bulls will gain a chance to regain hold above the 1.278 handle. 

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