The Bank of England will announce its policy statement on December 16, Thursday, at 14:00 GMT+2 (MetaTrader time). It will affect all the pairs with the British pound.
Tag - bank of england
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The performance of the British pound against other majors has grabbed a lot of attention during the last couple of weeks.
The Bank of England has announced an important decision which sent GBP/USD up by over 1000 points.
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The Bank of England will hold a meeting on Thursday at 14:00 MT time (GMT+3).
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GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
GBP/USD is currently trading within a new selling zone on both short and medium-term, which stands between 1.3915 and 1.3990 which represents its 50% and 61.8%
The Bank of England will publish a monetary policy statement and update on the interest rate on Thursday, at 14:00 MT time.
The Bank of England held a meeting yesterday. The statement was more dovish than expected: there were no policy changes and no new hints about future rate hikes. After that, GBP/USD dropped to 1.3900.
The Bank of England was more dovish than expected and pressed down GBP/USD to 1.3900.