The Bank of England is widely anticipated to raise interest rates to 0.50% on Thursday when it announces its decision at 12:00 GMT. Having already lifted the Bank Rate in December, the expected hike in February would make it the first time since 2004 that the BoE has tightened policy in two meetings in a […]
The post Pound Braces for First Back-to-Back Rate Hike by BoE Since 2004 appeared first on Action Forex.
The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…