fxstreet.com 12 Feb, 2021 06:30 am

Buy the rumor, sell the fact? BOE's bullish stance may backfire

Buy the rumor, sell the fact? BOE's bullish stance may backfire
Another Friday, another "buy the rumor, sell the fact" awaits GBP/USD traders – but this time to the downside. Investors raised their expectations for

Another Friday, another "buy the rumor, sell the fact" awaits GBP/USD traders – but this time to the downside.5% expected – yet that may already be in the price and could trigger a "buy the rumor, sell the fact" response.5% growth rate in the last quarter of 2020.The same scenario is on the cards for GBP/USD and the UK's Gross Domestic Product statistics for the fourth quarter of 2020.

5% in GDP – a decent growth rate in pre-pandemic times, but only a modest change in output as the economy struggles to catch up.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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