The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.
AUD/USD: aussie returned to 3W-highs
2019-11-11 • Updated
Technical levels: support – 0.7330; resistance – 0.7450
- Sell — 0.7450; SL — 0.7470; TP1 — 0.7370; T2 — 0.7330.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are in a positive area, but there is a strong resistance of 0.7450.
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