The media buzz seems subdued going into the BOE rate decision at 8pm Asia time.
However, I decided to put a Long, Stop if Bid OTM just because……………
At 7:58pm; Spot 1.4388, Long Stop if Bid 1.4420, SL 1.4400
As it turned out, BOE decided not to rock the boat; rate same same at 0.50%, purchase facility at GBP375Mn…….both no change.
Policy statement, tilted slightly to the dovish side.
GBP hardly moved, so I decided to take out the trade.
It’s now 8:45pm and GBPUSD is trading at 1.4392………………..boring!
Looks like no more opportunities for the rest of the week.
I am going to spend Friday with my parents; lunch with my Dad and shopping and tea with my Mum.
Here’s wishing all a good weekend and let’s all get charged up for next week.
The Panthenon Investment Group 