Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

BOE may go hawkish on May 6

BOE may go hawkish on May 6

Information is not investment advice

What will happen?

Bank of England will make a policy statement on Thursday at 14:00 MT (GMT+3). It’s widely expected that the bank may raise its growth projections and, more importantly, taper its quantitative easing programme, by cutting asset purchases. If it happens, the GBP will get a stimulus to rise.

Indeed, most of the recent economic indicators revealed that the British economy is recovering faster than the BOE forecast in February. Both manufacturing and services industries showed the strongest numbers in seven years in April. Retail sales jumped in March.

Well, but what if no policy tightening? In this case, the GBP is likely to fall.

Tech analysis

GBP/USD has been trending up for over a year already. If it manages to break above the chain of recent highs of 1.4000, it will rally up to the high of February 24 at 1.4150. On the flip side, if it breaks below the low of April 30 at 1.3800, it may fall to the lower trend line, which the pair is unlikely to cross on the first try as it has failed to break below this line for over a year.

GBPUSDDaily.png

LOG IN

Similar

How to Stay Calm and Trade on Uncertainties

Despite the negative news and worrying headlines, we recommend traders to make mental reframing of the situation. This way, you can look at the market from a different perspective. Let’s observe how you can take advantage of the uncertainties and make the fundamentals work for you!

Popular

Gold isn't saving investors from inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Choose your payment system

Feel the Team Spirit

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later