The British Pound and Mark Carney: Lots of Noise, Little Action

The market may have set itself up for another false alarm on rate action from the Bank of England. The British pound hangs in the balance. I am long GBP/USD mainly as a hedge on my bullish U.S. dollar positioning. At the May 10th policy meeting, I think the risk of further pound weakness is greatly minimized while more upside exists...especially if the dollar pulls back in the interim.

The British Pound and Mark Carney: Lots of Noise and Little Action. drduru.com/onetwentytwo/2018/04/29/british-pound-mark-carney-noise-little-action/ FXB GBPUSD #forex