Tag Archive Inflation

Capitalising on GBP Weakness 24th Oct + £78

So had GDP growth figures come out which showed that growth had increased despite the ongoing Brexit uncertainty, I was planning on capitalising on the pound weakness. Inflation was way above is annual target of 2% and without any nod from the Bank of England that they were planning on raising interest rates, for GBP, it looked as though the pound was on a downward spiral.

Until of course GDP figures were released yesterday, I closed out my short positions that I had and now I wait until next week for the 2nd of Nov when we’ll know for sure if the BoE raises interest rates.

 

GBP

GBP

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