GO SHORT GBPUSD Entry: 1.19430 Stop loss: 1.20570 Take profit: 1.15700 Reason: he GBP has also benefitted from a hawkish repricing of BoE rate hike expectations thatwas driven by the paring back of recession risks for the UK economy. The strong pick-up in the UK PMI surveys for February signalled that growth likely continuesto hold up better than expected at the start of this year. The deterioration in global investor risk sentiment and broader USD rally has meant though that cable has still fallen back below the 1.2000-level
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