British pound (GBP) price outlook
- BoE policy maker proud rallies hawk twist.
- GBP / USD eyes 1.3900
The British pound is higher than after BoE policy-maker Michael Saunders suggested in his inflation speech that if current activity and inflation rates remain in line with recent trends and negative risks to growth and inflation do not increase significantly, some current fiscal stimulus may be appropriate… ”. Saunders said one option would be to limit the current QE program, which should end later this year, next month or two, and before the full GBP150 is purchased. Saunders also said that there may be further monetary policy activities next year.
With this long turn from Saunders, Sterling has turned sharply higher, pushing back against 1.3900 US dollar. EUR / GBP has also turned lower and is reaching 0..8510 and yesterday’s low of around 0.88500.
GBP /USD 5-minute price schedule (July 15, 2021)
Traders of all levels and abilities will find something to help them make more informed decisions in the new and improved section. DailyFX Trading Education Center
What is your view Sterling– bullish or bearish ?? You can notify us via the form at the end of this section or you can contact the author Twitter @ nickcawley1.