TRADING
TIPS :
GBP/USD was at 1.5474, little changed
from around 1.5480 ahead of the announcement. The pound was steady
against the dollar on Monday after the Bank of England kept monetary
policy on hold at the conclusion of its two- day meeting, ahead of
its quarterly inflation report on Wednesday. The BoE said it was
keeping the benchmark interest rate unchanged at 0.50%, where it has
been since March 2009, in a widely anticipated decision. The central
bank also maintained the stock of asset purchases financed by the
issuance of central bank reserves at £375 billion. The bank did not
publish any rate statement, but investors were looking ahead to
Wednesday’s quarterly inflation report which would outline its
forecasts for growth and inflation. BP/USD was at 1.5474, little
changed
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5615 TARGET 1.5635 1.5665 SL 1.5585
SELL
GBPUSD BELOW 1.5540 TARGET 1.5520 1.5490 SL 1.5570
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1200 TARGET 1.1220 1.1250 SL 1.1170
SELL
EURUSD BELOW 1.1125 TARGET 1.1105 1.1075 SL 1.1155
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