GBP

GBP – BOE Dovish view, Go short GBPUSD

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In a notable shift towards a more dovish monetary policy, the Bank of England (BoE) recently reduced its base interest rate by 0.25 percentage points, bringing it down to 4.5%. This decision, marking the third rate cut in six months, reflects the BoE’s growing concerns over the UK’s economic slowdown and its commitment to stimulating […]

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The Curious Case of GBP

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Journey of GBP in 2024 Much of 2024 saw GBP emerge as the second-best performing currency after USD. The UK’s economic growth was robust, outpacing the EU’s performance, and the British pound benefited significantly from its carry trade advantage. As a trader, I found this environment highly conducive for shorting EURGBP during upward spikes, consistently

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