Money in Motion

How to Trade the Bank of England Meeting

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The Bank of England's monetary policy committee is meeting this week, and if they do what this strategist expects, he's got a trade for you.

Tired of trading the euro?

Todd Gordon, co-head of research and trading at Aspen Trading Group, has another idea for you.

"I think there are better opportunities to be long dollars in a risk aversion market," he told CNBC's Scott Wapner. In particular, Gordon has his eye on the Bank of England's monetary policy committee meeting later this week.

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Trading Ahead of Bank of England Meeting

Quantitative easing has taken hold in Britain, and with the country in a double-dip recession, Gordon, along with other market experts, expects it to continue. "That's going to pressure" the British pound, he says.

So Gordon wants to wait for a bounce, and then sell the pound against the dollar at 1.5400. He recommends setting a stop at 1.5500 and looking for a move to 1.5100.

You can watch the discussion on the video.

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