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

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area


British pound looks for direction after a neutral BOE decision

British pound looks for direction after a neutral BOE decision

Information is not investment advice





Ichimoku Kinko Hyo

GBP/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook.


Fibonacci Levels

 XAG/USD: Silver facing a further consolidation the last hours and trading below 50% retracement area.


US Market View

U.S. stocks are set to open marginally higher, with recent corporate earnings and economic data having been generally strong.

The pound is little changed after the announcement following a bit of a small whipsaw but before we dive into price action and implications for the currency, let's take a look at what the BOE served up in its August monetary policy meeting. A 6-2 vote on QE was expected with Ramsden and Saunders pinned for the dissenting camp but instead it was only the latter that really walked the talk. While 7-1 seems more dovish on paper, it really isn't since that this wasn't a game changer whatsoever.

European stocks are on course for their strongest weekly performance in three months, as upbeat quarterly earnings and loose monetary policy supported markets despite a surge in COVID-19 cases and concerns about inflationary pressures. Stronger-than-expected quarterly reports have led analysts to lift their projection to a near 140% jump in second-quarter profit for companies listed on the STOXX 600, as per Refinitiv IBES data.

The U.S. looks set to phase in a gradual re-opening for international visitors, eventually requiring all foreign travellers to be fully vaccinated before they are allowed entry. The country has seen a rise in Covid-19 cases, particularly among the unvaccinated, amid the spread of the delta variant. Florida is at the heart of the latest outbreak, with the state registering 11,515 hospitalized patients on Tuesday, breaking last year’s record for the third straight day and up from just 1,000 in mid-June. On the flip side, the U.K. announced Thursday that fully-vaccinated passengers returning from France will no longer need to quarantine after Sunday, helping boost the travel industry which has been hit hard by the pandemic.

Fed member Clarida sparked more debate about when the Federal Reserve will start reigning in its extraordinary monetary stimulus saying Wednesday that he’d be in favor of the Fed making an announcement later this year that it will begin to scale back its bond purchases.He also noted that the “necessary conditions for raising the target range for the federal funds rate will have been met by year-end 2022.”  Clarida, seen as one of the most influential members of the FOMC, was careful to add that growth must remain strong for these views to remain valid.

 Oil prices rose towards $71 a barrel on Thursday on rising Middle East tensions, while fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases threatened the demand recovery.


USA Key Point

  • BOE leaves bank rate unchanged at 0.10% as expected.
  • UK banks are ready for negative rates, if it comes
  • BOE to unwind QE when bank rate hits 0.50%.
  • Moderna says COVID-19 booster shot will likely be necessary prior to the winter season.
  • Japan PM Suga says that not considering implementing nationwide state of emergency.
  • ECB economic bulletin: Recovery on track but delta variant constitutes a growing source of uncertainty.
  • France's Macron: It is quite likely third vaccine dose will be needed for the elderly and most vulnerable.
  • Tokyo reports daily record of 5,042 new COVID-19 infections in the past day.



Choose your payment system

Be on top of your game


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