Market updates on July 16
Welcome to Tuesday!
Trade the British pound on the BOE comments
The meeting of the Bank of England (BOE) is scheduled at 15:00 MT time on November 1.
During the meeting, the BOE will announce its official rate and make comments concerning the future monetary policy. Earlier, Central bank said it would not increase the rate until the target inflation is held above 2%. However, the comments of the BOE can support the British pound.
• If the BOE comments are positive, the GBP will rise.
• If the BOE comments are negative, the GBP will fall.
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