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The Bank of England will hold a meeting on May 6 at 14:00 MT (GMT+3). This event will be watched by many traders as it may have a significant impact on the British pound. However, we should be ready that it can be uneventful for markets as BOE Governor Bailey is likely to stick to the general phrase of all the major banks: ‘low rates until the pandemic is over.’
Follow the BOE’s meeting and try to catch the overall tone of the central bank. Besides, keep an eye on the news during the event and after it.
Instruments to trade: GBP/USD, EUR/GBP, GBP/CHF, GBP/CAD
Stocks especially tech ones dropped on Tuesday on concerns over inflation. Gold is viewed as a hedge against inflation, that’s why it’s trading now near the three-month high.
Jump in to get the latest market news and fresh trading ideas!
Tesla reported better-than-expected earnings per share after the market closes and even boosted its profit by selling Bitcoin.
Coinbase dropped as Elon Musk crashed Bitcoin. Is it a good time to buy the dips or should you wait a little longer? Let's try to find out!
The US Fed will share the Meeting Minutes on May 19, at 21:00 GMT+3.
What's moving markets on Friday? Read in the fresh report!
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