The G20 summit took place in Bali, Indonesia, on November 2022…
GBP: after last BOE report this year
Information is not investment advice
GBP/USD has just broken the key resistance of 1.3600. What’s next?
No changes from Bank of England
The Bank of England has held the last meeting this year, where it left rates unchanged and maintained its pledge for more quantitative easing. The central bank emphasized that the economic outlook is still "unusually uncertain” but mentioned that the vaccine rollout should limit downside risks to the economy.
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According to Tony Connelly, RTE Europe Editor, the Brexit agreement may be reached as soon as this weekend. The EU-UK sides made a compromise over the level playing field, but assess to fishing waters remains the mains ticking point.
GBP/USD surged to the 1.3600 level, which was unseen since April 2018. The way up to the next resistance of 1.3650 is clear. If the pair manages to break it, it may rise to the next round number of 1.3700. On the flip side, the move below yesterday’s low of 1.3450 will drive the pair lower to the next support of 1.3400.
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Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus