Key factors to keep in mind for GBP
Bank of England kept the interest rates at the record low of 0.5%, as widely expected. The sterling fell briefly after the announcement against the dollar, but soon recovered the losses. Eyes on consumer prices to be released next Tuesday, of particular interest after inflation rate reached an eight-month high in December. Risk on the downside coming from an increasing risk aversion across markets. The GBP/USD pair has yet to establish a solid direction.
i keep in mind this. :D
that is the factor that is normly discuss on all forums and blogs for future move of gbp pair.
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This is a very old thread now and so far this pair is doing good and is above 1.6000 levels . We need to watch the markets and not co relate it with EURUSD although it is a co related pair with the same .
Sterling price movement has been somewhat of a joke recently. That spurt up from 1.55 to 1.63 as sterling was seen as a safe haven was just a red herring, still no idea what the fundemental reason for considering a currency exposed to the EU and in recession was considered a safe haven.