News: Looking Forward | June 2014 – Week 4

So the outcome of the past 10 days is that we have a very bearish (dovish) central bank in the form of the Federal Reserve System and a more bullish (hawkish) Bank Of England which will inevitably cause dollar weakness and pound strength which therefore gives a bullish outlook on Cable.

Sterling is the one out of all the group-of-seven currencies that’s got the opportunity to do something quite significant so be on the look-out for excellent trading opportunities to trade the GBP against its weaker counterparts.

Bear in mind that the GBP has recently broken the highs of 2009 so waiting for a decent retracement / efficient entry using your strategies would be a good approach.