GBP/USD: The 1.3400 Wedge Spring
The Macro Backdrop: Central Bank Tug-of-War šļøThe persistent markdown we witnessed throughout mid-June was a direct response to a heavy clash of monetary policies across the Atlantic: The Hawkish BoE Split: On June 18, the Bank of England held its benchmark rate steady at 3.75%. However, the 7ā2 vote split revealed a growing hawkish faction,…
