Special Consultant to the FPA
Bank of England member Paul Fisher stated over the weekend that the markets need to "read our lips, because there are no plans to raise rates". The recent sentiment on the GDP has been bullish - but the Bank of England are trying hard to push forward guidance. Look for selling opportunities today on the GDP/USD, especially as it rallies up to key areas of resistance, such as 1.5650 and 1.5700.
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