Carney and Haldane aided the pound to pass exactly as I forecasted. My euro expectations didn’t come off, since the euro pound cross rose due to active pound sales.
The Bank of England’s Mark Carney announced that the interest rate for the country will remain low for some time. The Bank’s economist Andy Haldane announced that the risk balance for the UK economy and inflation is skewed downwards.
The pound/dollar has fallen to 1.5054. The price in Asia returned to the LB at 1.5114. There is divergence between the AO and the price. The euro/dollar was up on Tuesday. For Wednesday, I’ll risk saying that we’ll see a rise in the pound to 1.5140 after a correction to 1.5070/75.
Source: alpari.com, “Pound/Dollar: Expected Rebound from Daily Support”
