GBP/USD
According to most forecasts, today the Bank of England's Monetary Policy
Committee (MPC) will lower the inflation forecast for this year and will vote
in favor of maintaining rates at the current level. Most likely, MPC will not
raise rates this year due to low rates of economic growth.
Technically GBP/USD is overvalued at the current levels and remains in a small
short position with a target of $ 1.2971.
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