GBPUSD - Bullish Bias

GBP - Strong Bullish
1️⃣ BoE Governor Andrew Bailey said that the central bank needs to act not as quickly as possible amid increased risks to medium-term inflation expectations.
2️⃣ Investors are now predicting that the BOE will raise interest rates by 25 basis points in the next meeting with a probability of 62%.

USD - Weak Bearish
1️⃣ The U.S. dollar lost traction as U.S. Treasury yields declined and amid a positive market mood as companies in the U.S. reported better earnings yields in the third quarter.
2️⃣ The U.S. economy is expected to decline in the third quarter following a fall in retail sales and trade balance.

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Technical
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GBPUSD has broken above the trendline.

Looking for trade opportunity after retracement + confirmation.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

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