Trading Tips:GBP/USD was up 0.54% to 1.5011 from around 1.4938 ahead of the minutes. Sterling gained ground on Wednesday after the minutes of the Bank of England’s April meeting showed that officials see an improved chance that inflation could bounce back more strongly in 2015.The minutes of the BoE’s latest monetary policy meeting showed that policymakers voted nine to zero in favor of keeping rates unchanged at a record low 0.5%, but the decision remained “finely balanced” for two officials. The central bank said it still expects that inflation could turn negative in the next couple of months, having been flat in February and March.
RECOMMENDATION :
BUY GBPUSD ABOVE 1.5060 TARGET 1.5080 1.5110 SL 1.5030
SELL GBPUSD BELOW 1.5005 TARGET 1.4985 1.4955 SL 1.5035
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