GBP/USD - Guilt Crisis, Unemployment and GDP - UK in Crisis
Summary. See video link below.
Finance Minister to speak in Parliament today. May cause the Pound to Rally, or fall further
Bank of England is currently intervening by purchasing 5 Billion Pounds of Guilts, which they have double to 10 Billion per day for this week.
UK is releasing GDP numbers tomorrow, this will cause significant volatility.
Overall I am short GBP/USD.
Watch this video link to understand why.
youtube.com/watch?v=Z5qHXqX2lwU&ab_channel=SmartMoneyTrades
Finance Minister to speak in Parliament today. May cause the Pound to Rally, or fall further
Bank of England is currently intervening by purchasing 5 Billion Pounds of Guilts, which they have double to 10 Billion per day for this week.
UK is releasing GDP numbers tomorrow, this will cause significant volatility.
Overall I am short GBP/USD.
Watch this video link to understand why.
youtube.com/watch?v=Z5qHXqX2lwU&ab_channel=SmartMoneyTrades
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