A Possible Pullback for GBPUSD for A Risk Reward Long Position
A busy week for GBPUSD. We have 3rd Meaningful Vote scheduled on 20th March and BOE will release its policy statement on Thursday. Market is expecting lawmakers to reject PM May's Brexit Deal, while BOE's is expected to remain on hold. Employment data is due on Tuesday. January's PMI shows lower recruitment number with highest
pay pressure. CPI data could surprise to the downside, as discounts and intense competition strategies keep output inflation low. PMI points to the lowest reading in 5 months for inflation.
pay pressure. CPI data could surprise to the downside, as discounts and intense competition strategies keep output inflation low. PMI points to the lowest reading in 5 months for inflation.
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