SELL GBP/USD
ENTRY: 1.2500
STOP: 1.2600
TARGET: 1.2100
RISK / REWARD: 100 points / 400 points
BROKERS COMMENTARY: CITI
Lightning struck thrice on the UK court case, BoE and better PMI print. GBP is left 1.2-1.4% higher vs. EUR and GBP – not outsized given new information. Though the BoE may have put an initial floor on real rates, we don’t see a sustained GBP rally and expect investors will use current levels to reinitiate downside.
Be advised that TRADE SET-UP outcomes are unknown!
Broker’s Commentary is subject to unpredictable events that may adversely affect the outcome of each trade.
Please use appropriate Capital Management.
Be advised that TRADE SET-UP outcomes are unknown!
Broker’s Commentary is subject to unpredictable events that may adversely affect the outcome of each trade.
Please use appropriate Capital Management.
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