How AI prompting turned writerly description into an everyday skill 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
AI Memory Boom Sparks Global Chip Supply Crunch 
How Donald Trump has changed the way diplomacy is done 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
Pound faced severe backlash just a little more than week back, when Bank of England (BOE) pushed back inflation and rate hike expectations in its monetary policy statement, quarterly inflation bulletin and minutes, pushing pound down more than 350 points against Dollar.
However, Pound has since then pushed back against Dollar and other currencies. While expectation for rate hike got pushed back, it is nevertheless vital to recognize that Bank of England (BOE) is closest to FED in hawkish bias and there is serious possibility of a rate hike if inflation crawl back in UK economy.
Last week pound has been struggling to break 1.527 resistance area against Dollar and there are possibilities of a downfall if it fails to clear it. Even then the pair might move up against INR as we expect to be Rupee to much weaker in the event of a risk aversion and UK economy has more to gain from further easing from ECB than India or Rupee.
Short term upside looks attractive.
Trade idea -
- Buy Pound at current rate (100.7) with stop loss around 100.2 and 99.8 targeting 102.5 area.
