On average, price for this pair has been ranging between 1.7 and 1.76 since October 2019 to date. With the anticipated raise in interest rate by the Bank of England on Feb 3, interest rate differentials is set to be in favor of the GBP for the near to medium term which favours a GBP long. Further, any good correction in oil should see some buliish response in this pair.
Disclaimer: This is not a financial advice, this is my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.
Disclaimer: This is not a financial advice, this is my way of sharing my trade ideas with the community and any decisions you make from this is entirely yours and has nothing to do with me.