GBP is in focus

GBP is in focus

Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time.

Instruments to trade: EUR/GBP, GBP/USD, GBP/JPY, GBP/CHF

Analysts widely expect that the Bank of England will leave rates unchanged this time. Officials set the key bank rate at the record low at 0.1% on June 18 this year. It was one of the support measures taken by the central bank to mitigate the damage from the coronavirus. Also, the BOE will continue buying assets within its existing program to stimulate the faster recovery of the economic activity. Officials assure that they will do whatever it takes to save the country. Unlike other countries, the United Kingdom has to solve two severe problems simultaneously: coronavirus and Brexit. Thus, it’s really significant what course of events the central bank foresees for the country. The most important for traders is to follow news after the release to get the BOE’s message.

If the BOE says that the UK’s economy is recovering faster than expected, the GBP will rise.

Otherwise, if the BOE claims that the economic recovery will be uncertain and bumpy, the GBP will fall.

Check the economic calendar




FOMC Meeting Minutes Are In Focus
FOMC Meeting Minutes Are In Focus

Let's check the economic calendar. This week is interesting, mostly not because of the economic calendar, but because of geopolitical factors.

Gold Soars on Geopolitics
Gold Soars on Geopolitics

Good morning, traders! Here’s the most impactful news of the week and the day. The market will be highly volatile, so you better be ready. 

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera