Market updates on August 23
Will the Fed Chair changes his views during the speech today?
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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Market updates on August 22
News is what making the risk sentiment fragile today...
Market updates on August 21
Oil updates and the FOMC minutes are on the agenda
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Market updates on June 18
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.
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