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- GBP/USD to push on as uptrend support at 1.3749 holds – DBS Bank
GBP/USD to push on as uptrend support at 1.3749 holds – DBS Bank
FXStreet reports that DBS Bank discusses GBP/USD prospects.
“There should be a unanimous decision from the Bank of England to stay pat on benchmark rates at 0.1% and leave the asset purchase programme unchanged at GBP895 B.”
“The EU has formally filed for legal action, blaming the UK for unilaterally delaying implementing part of the Northern Ireland protocol – in an extreme outcome, the EU can impose trade tariffs. However, this is more likely to be tactical manoeuvres on the part of both parties. Unless GBP/USD craters under 1.3749 and extends bearish pressure under the February lows of 1.3567, this remains a market path to advance, even towards the April 2018 highs at 1.4377”
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