Cautious optimism on Friday
All the interesting market movements are here!
How to trade GBP after BOE statement?
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
All eyes on AUD
Australian Private Capital Expenditure will be out on Thursday at 2:30 MT time!
Market is crazy after Biden’s transition
Oil jumped to March high, stocks are heading to record highs, while the US dollar is on the back foot.
Latest news
Will the euro stand firm?
The European unemployment rate is announced on Wednesday at 12:00 MT time.
Starting winter with optimism
EUR/USD, the S&P 500, gold, and oil - everything is here! Jump in!
Will the RBA support the Aussie?
The Reserve Bank of Australia announces the cash rate on Tuesday at 05:30 MT time.
Deposit with your local payment systems
