British Pound Trade Seems too Good to be True – Watch Key Risk

[BECKHAM]

The British Pound finished the week almost exactly unchanged against the Dollar despite clear disappointments in UK economic data (https://www.dailyfx.com/forex/market_alert/2016/07/22/Euro-Slightly-Higher-British-Pound-Tumbles-After-Post-Brexit-PMIs-OSma.html?ref-author=Rodriguez). A busy economic calendar in the days ahead could nonetheless have a lasting impact on trader sentiment, and the stakes are high heading into a critical Bank of England interest rate decision in two weeks’ time.


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