Sterling on the slide that we expect to BOE MPC




GBP sellers in force, with a little over an hour to get 2 NovAs I said in my preview the consensus seems to be to sell the rally on a rate increase scenario a little bit to arrive early. GBPUSD down to 1.3217 as the EURGBP, takes the 0.8800 offers post 0.8811
Given the decent rally from 1.3070 down last Friday, it is always the fair value, but a rise to see an algo-led push to the 1.3320-50 from here, potentially.
In order to guess the time again. The market is oversold and, therefore, lower limited as I’ve also warned in my preview ? Or wishes to obtain a certain degree of nervousness? Or thinking of any increase and the search for a new drop in momentum?
With this sale it is more likely that the foreign exchange risk on the rise.
No time to find it now.



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