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| The UK economy is recovering despite the negative impact of Brexit negotiations. As a result, traders have reasons to expect that the Bank of England may raise interest rates soon, but not this time. The regulator will announce its decision at 13:00 MT time on March 22. Hawkish comments will be enough to send the GBP up. The BOE will also release the minutes of the meeting. The pound will strengthen if at least some members of the Monetary Policy Committee vote for a rate hike. On the other hand, if the Bank of England doesn’t appear ready to increase rates in the foreseeable future, the pound will fall. |
The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.
During the European trading session, both the US and the UK yield curves inverted.
Levels for Wednesday's trading
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
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