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GBPJPY Technical Analysis - Key support in sight

UK:The BoE hiked by 25 bps as expected. The central bank seems to be leaning more on the less hawkish side as a key line in the statement was tweaked to indicate the propensity for a “higher for longer” stance rather than keeping with additional rate hikes. Recent economic data is not supporting the BoE stance as the latest employment report showed even more wage growth despite the unemployment rate ticking higher again, and the UK CPI beat expectations pointing to stagflation. The BoE is expect... Read More

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Gbpjpy

Technical

Analysis

Support

Sight

Forex

Posted: Aug 23 2023, 08:02

Author Name: forexlive

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