GBP Daily Review for May 16, 2018
|The latest UK employment report suggests a robust UK labor market but the data are insufficient on their own to persuade the Bank of England|
|GBP/USD snaps the range from the previous week, with fresh comments from BoE and Fed officials likely to influence the exchange rate over the coming|
|The combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.|
|Now would be a good time to close the position and take the profits made since my recommendation on April 26 to sell GBPUSD.|
|The Euro broke down significantly against the US dollar during the day on Tuesday, as the 10-year yield reached above the vital 3.06% level. Ultimately, this…|
Have a nice trading!