ODD of BOE hiking rates.. BOE may be out options to leave rate unchanged. Still UK inflation too hot 2.9. Will they make a wild move increase rates?? They say it clear till 2018 no hike is expected. GBP could get sold tomorrow if DOVISH stands still...
Nota
Nota
Inflation is too hot 2.9%. They should hike to reduce inflation . But they said it clear no hike will come till 2018. BOE may be out of options to leave rate unchanged
Potential sell area 1.6106-1.6162 we have a chance of making 115 and 337 pips shorting.. SL 1.6190 would be good.. If they dont hike this is a good trade to take.
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