GBP/USD is Trading Positive as BOE Kept Interest Rates

GBP/USD Hourly (H1) Chart
GBP/USD Hourly (H1) Chart

GBP/USD: The British Pound is trading positive as BOE kept interest rates unchanged and upgraded its 2020 GDP forecast. Positive constructions PMI data in the UK amid weaker USD in the global market was also highly welcomed, but economic recovery forecast cast a shadow preventing huge gains. Traders now await US data for short term profit opportunities. 

Please feel free to share your thoughts with us in the comments below. 

Was this post helpful?