Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
All eyes on Bank of England
Information is not investment advice
Instruments to trade: EUR/GBP, GBP/USD, GBP/CAD, GBP/CHF
The BOE will announce its monetary policy and rate decision on Thursday at 14:00 MT time. Let’s find out how this report will impact the pound. Just a month ago the central bank left the bank rate at the record low of 0.1% and increased the size of the bond-buying program more than expected: from 150 billion to 875 billion pounds. Elsewhere, it downgraded its projections on the UK GDP from -5.4% to -11% for the fourth quarter of 2020. The UK is going through one of the toughest periods in its history as it should cope with two problems simultaneously: Brexit and the coronavirus pandemic.
- If the BOE hints at lower rates and its tone is pessimistic, the GBP will fall.
- If the BOE leaves everything unchanged and upgrades its forecasts, the GBP will rise.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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