Is GBPUSD going to pull back or not..?
With the dollar still looking stronger in terms of the economy..
...the dollar inflation eased a little bit YoY and up just a fraction MoM (Dec).
All eyes are on the 29th for the Rates decision.
The Pound recorded a rough GDP pushing it lower against the $.
We are awaiting a minor pull back as from next week if we end up eliminating 1.218.
We still expect the $ to dominate the 1st Quater so we'll proceed with caution ⚠️.
...the dollar inflation eased a little bit YoY and up just a fraction MoM (Dec).
All eyes are on the 29th for the Rates decision.
The Pound recorded a rough GDP pushing it lower against the $.
We are awaiting a minor pull back as from next week if we end up eliminating 1.218.
We still expect the $ to dominate the 1st Quater so we'll proceed with caution ⚠️.
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