Bjerknes

"Top Economist"
Mar 16, 2004
116,397
Hey Canardo, for the Bank of England rate cut tomorrow, does shorting GBP/USD sound like a good idea? Technicals aren't setting up nicely but the USD/INX shows some strengthening (up trend in 4 hour chart) in the USD and somebody ran an algorithm which confirms GBP is a sell. People expect they'll cut 50 basis but it's still risky.
 

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