The market calms down ahead of the Fed’s statement this evening.
Bank of England’s Meeting
|The British pound was aggressively sold after the previous Bank of England’s meeting. In August, the UK central bank left the benchmark interest rate unchanged at 0.25%. Only 2 members of the Monetary Policy Committee voted for a rate hike compared to 3 policymakers in July. The amount of government and corporate bond purchases was also maintained at the same level.|
|Despite the expectations of hawkish comments, the regulator, on the contrary, sounded dovish blaming lower growth expectations on Brexit uncertainty. Has the mood of the UK central bank lifted? We will find out at 14:00 MT time on September 14.|
The market sentiment is mixed, but still, there are some interesting movements. Let’s have a closer look.
The main event of the day is the ECB’s monetary policy statement. Jump in to know how it will impact EUR/USD!
Follow Canadian core retail sales on September 18 at 15:30 MT time!
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!