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The Bank of England is announcing the interest rate decision at 14:00 on November 7.Since 2017, the borrowing rate in the UK has been on a gradual but limited rise, currently being at 0.75%. On September meeting, the Bank of England held the rate at the same level in August but expressed the intention to gradually lift it if Brexit is done painlessly on time and the global economy shows no glitch in steady growth. Both failed so far, with uncertainties around the extended Brexit deadline and a slowdown in the international economic environment damaging the UK economy. As a result, most of the analysts see a rate rise by the BOE unlikely.
If the BOE is hawkish, the GBP will rise.
If the BOE is dovish, the GBP will fall.
The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!
The results of the Chinese Communis Party's Congress shook the markets, while the JPY weakened even after the interventions were conducted
China delays GDP data because of potentially harmful numbers, but we will never delay our news because every release is an opportunity to trade on it! Here’s what will move markets today:
Good morning, our dear traders! Are you ready for the news that is worth following for trading today? Let’s see! Today’s events: 14:00 GMT+2, EUR, ECB President Lagarde Speaks 16:30 GMT+2 CHF, Gov Board Member Maechler Speaks Bitcoin’s…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
Happy Tuesday, dear traders! Every day brings new opportunities to trade! Let’s see what you need to know: Today’s events 07…
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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