HSBC recommends a GBP short ahead of BoE’s Carney’s speech August 28

The Bank of England governor Mark Carney is speaking on August 28 at 1145GMT

• HSBC suspect he may speak of the possibility of additional QE, saying ” introducing QE would clearly be targeted at reducing gilt yields and taking some of the steam out of GBP”
• They recommend GBP/USD shorts ahead of the speech, they’re targeting 1.5050, with a stop at 1.5820

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