Will the BOE manage to keep the GBP standing?
The Bank of England’s interest rate announcement and monetary report will be out at 14:00 MT on January 30.
Trade the USD on an important release
The United States will release the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT time on December 7.
The NFP is considered the leading indicator of consumer spending, which represents the economic activity of the country. Last time the indicator came out higher than expected, which resulted in rise of the USD. If it happens again, the USD will be supported.
• If the NFP is higher than expected, the USD will rise.
• If the NFP is lower than expected, the USD will fall.
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Will the BOE manage to keep the GBP standing?
The Bank of England’s interest rate announcement and monetary report will be out at 14:00 MT on January 30.
The sell-off across the markets
The week has started with a cautious note...
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