Pound gets the rug pulled out as Carney tips action

30 June 2016, 17:32
Sherif Hasan

GBPUSD to 1.3245 from 1.3425. EURGBP 0.8380 from 0.8275

He's waffling on now about the possible effects of Brexit on the economy and the BOE's role in getting through it. The seed is sown though. They'll talk in July and maybe act in August.

There were more than a few banks predicting rate cuts and more QE if Brexit happened and they may get their wish now. That sentiment is what has kept the pound from attempting to recover more of the Brexit drop.

The range I've been set on has been 1.35-1.30-ish and I see no reason to change that.

The low 1.31's looks to be the target in the short term.

GBPUSD 15m chart

Share it with friends: