Currency of the week: GBP/USD: Reluctant rally as Brexit


The pound enjoys rising inflation and the resulting hawkishness from the BOE. But does Carney have the courage to raise rates? Not so fast. In the US, the dollar is suffering from the dovish hike and Trump, but Brexit could be more painful. We discuss the forces moving cable and finish off by looking at the long-term charts.

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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