Finish entering trades for $GBPUSD using our Forex signal forexsignals TradingSignals forexmarket forextrading
Set a buy-stop at 1.2065 and a take-profit at 1.2135.The GBP/USD pair retreated after the FOMC minutes showed that the Fed was committed to implementing more rate hikes. It dropped to a low of 1.2037, which was lower than this week’s high of 1.2145.The GBP/USD pair retreated after some encouraging news by analysts at Citigroup. In a note, they argued that UK’s inflation could fall below 2% later this year, helped by the falling fuel prices.
The GBP/USD also crashed after the extremely hawkish minutes of the Fed meeting. These minutes showed that most members of the committee believe that the Fed should continue hiking rates. Most of them supported the lower 0.25% that the bank implemented,
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