BoC raises the overnight rate target by 75bps to 3.25%. Correspondingly, the Bank Rate and deposit rate are now at 3.50% and 3.25% respectively. Hawkish bias is maintained as the Governing Council “still judges that the policy interest rate will need to rise further.” “As the effects of tighter monetary policy work through the economy, […]
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Market Overview The crypto market capitalisation rose to $2.64T in the early hours of Monday but quickly retreated to the $2.60T level that has held steady over the past five days. Bears are aggressively defending Read more…
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Daily Pivots: (S1) 215.14; (P) 215.47; (R1) 216.02; More… Intraday bias in GBP/JPY remains neutral and consolidations from 215.89 could extend. In case of another fall, downside should be contained by 213.29 resistance turned support Read more…