With UK economic data performing well, Michael Hewson takes a close look at the outlook for the pound as well as expectations for the BoE inflation report and Carney’s forward guidance.
- GBP/USD – key resistance at $1.5430 but stochastics suggest the pound is overbought and a dovish inflation report may target $1.5145
- AUD/USD – RBA rate cut saw gains and we may see a short squeeze if Chinese data improves
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Video content by Michael Hewson of CMC Markets.
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