1
With the BoE rate decision due this week and the dollar looking pretty soft lately, GBP/USD feels like one of the more interesting pairs to watch right now. Cable’s been pushing higher but I’m not sure how much of that is genuine pound strength vs just broad dollar weakness.
Anyone actively trading it atm? Curious whether people are fading the move or riding it — and whether you’re waiting for the decision before entering or already positioned.
Also wondering how EUR/USD is playing into this for people — feels like both pairs are moving more on USD sentiment than anything Europe or the UK is doing domestically.