GBP/USD
GBP/USD
The Bank of England raised the rate for the fifth time in a row, but the pound failed to extract any profit from this fact. Macroeconomic reports were again weak. The price once again failed to break through the strong protection in the 1.20 zone. Positive statistics of the current week may support the growth to the zone of 1.25, but the trading interest of the bulls is clearly not enough to break through the level of 1.2750. The chances of a new uptrend are extremely small.
The Bank of England raised the rate for the fifth time in a row, but the pound failed to extract any profit from this fact. Macroeconomic reports were again weak. The price once again failed to break through the strong protection in the 1.20 zone. Positive statistics of the current week may support the growth to the zone of 1.25, but the trading interest of the bulls is clearly not enough to break through the level of 1.2750. The chances of a new uptrend are extremely small.
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