Time Horizon Important For The GBP
The fundamental outlook for Sterling remains intact, but some analysts argue that with a lot of the positives already reflected in the price we need to be careful of tactical corrections in the currency going into the BOE.


Find out what will be moving the market this week. Get WEEKLY TRADE PLANS and fundamental analysis here: https://financialsource.co/analysis/

Why Professional Traders Use A Forex News Feed To Trade - https://youtu.be/EQnphXBffBQ

Always stay on the right side of the market and know what to trade every day. Sign up for a FREE TRIAL:


The economic recovery in the UK has been going from strength to strength over the past couple of months with the BOE expecting the economy to be back to pre-covid growth levels by the end of the year.

Apart from that, recent CPI data has seen a continued push to the upside, with the most recent CPI print coming in above the BOE’s 2% target. The recent upgrades from the BOE, as well as the steady and positive data points have seen markets expectations increase that the bank will be the next major central bank to move further away from easy policy.

However, the recent virus cases, Dollar strength and political uncertainties have seen quite a divergence between what the rates markets and spot FX market is expecting from the event, which means caution is required.

We’ll go through all of that in this week’s week ahead video.