Yesterday BOE raised QE by another GBP 25B. GBP rallied versus the USD on the news given that it was half less than expected. Question is they still need further QE to jump start the economy and therefore it should be bearish for GBP.
The window could be here. There is bearish divergence on the GBP hourly chart now VS the USD. Upside momentum seems to be waning.
Could sell here to target 1.63 real soon. Stop loss at 1.6682 (Oct 23rd) reaction high.
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