Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
How to trade GBP after BOE statement?
Information is not investment advice
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!
Instruments to trade: EUR/GBP, GBP/USD, GBP/JPY, GBP/CHF
The last time the Bank of England maintained the bank rate at a record low of 0.1% and the number of its asset purchases at 745 billion pounds. Officials warned that the British economy will take more time to rebound after the coronavirus damage than it was expected before. The central bank also mentioned a probability of negative interest rates. As for the British pound itself, it has been performing really great since late July amid the risk-on sentiment and hopes for a soon Brexit agreement. However, those expectations erased as EU-UK negotiators had failed to make any progress so far. The further prolongation of the Brexit deal will weigh more on the pound. That’s why this meeting is widely watched by all investors as it will unveil further BOE’s actions to cope with all the problems.
- If the bank is hawkish, the GBP appreciates;
- If the bank is dovish, the GBP drops.
Similar
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.
The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
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.
Choose your payment system
