The BoE today decided to keep the policy rate unchanged at 5.25% with forward guidance remaining broadly unchanged. We think that this marks the peak in the Bank Rate of 5.25%, although wage growth and service inflation remain a joker. We stay negative on GBP and continue to see relative rates as a moderate positive […]
The post Bank of England Review: End to the Hiking Cycle, But Not GBP Headwinds appeared first on Action Forex.
Daily Pivots: (S1) 145.68; (P) 146.68; (R1) 147.74; More… Intraday bias in USD/JPY stays neutral for the moment. Further rally is expected as long as 144.02 resistance turned support holds. As noted before, fall from Read more…
Daily Pivots: (S1) 0.8352; (P) 0.8394; (R1) 0.8463; More…. Intraday bias in USD/CHF remains neutral for the moment. On the downside, firm break of 0.8333 resistance turned support will argue that corrective rebound from 0.8038 Read more…
While going to the movies and sinking into one of those plush red velvet seats that lean all the way back is a unique kind of pleasure, one can’t deny that the whole affair of Read more…