Forex Strategy Video: Multiple Pound Trade Opportunities on Event Risk
There are different trading opportunities seen across the GBPUSD, EURGBP and other pound-based crosses. Whether these setups play out or fall apart likely hinges on a particular piece of event risk due in the upcoming trading session: BoE Governor Carney's monetary policy speech. Event risk trading is risky business, so waiting for the news to absorb and seeing the technicals confirm the fundamentals is critical. In today's Forex Strategy video, we discuss the trade opportunities in the pound crosses and the scenarios under which they will play out.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.