Euro zone suffers loss of economic activity
Economic activity in service sector in the Euro zone and the UK is on its lowest rates since 2009.
The Bank of England brings a chance to the GBP traders
The Bank of England will present its monetary policy summary on December 20, at 14:00 MT time.
We do not anticipate the rate hike, as the bank lowered growth forecasts for both 2018 (1.3% from 1.4%) and 2019 (1.7% from 1.8%) years. However, the Bank of England may provide some hawkish comments to support the British pound.
• If the BOE provides hawkish comments, the GBP will rise;
• If the BOE provides dovish comments, the GBP will fall.
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Pound Sterling is recovering against Dollar
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
Euro zone suffers loss of economic activity
Economic activity in service sector in the Euro zone and the UK is on its lowest rates since 2009.
USD: easy there
Jerome Powell made a rare appearance in the public media this Thursday. What did he bring to the audience?
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