The Bank of England (BoE) kept the Bank Rate at 4.00% as widely expected. The vote split was 7-2 in favour of hold, also as expected. The BoE did not tweak the guidance more hawkish and thus further cuts remain on the table. QT was tapered from an annual pace of GBP100bn. to GBP70bn. The […]
The post Bank of England Review – Near Term Rate Cuts Remain an Option appeared first on Action Forex.
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Gold’s steep selloff is showing signs of stabilization near 4,500 level after a disorderly decline yesterday, driven largely by liquidity squeeze. While hawkish signals from major central banks this week, including Fed, ECB, BoE and Read more…
Key Highlights USD/JPY started a downside correction below 158.80. It traded below a bullish trend line with support at 158.85 on the 4-hour chart. EUR/USD started a recovery wave and traded above 1.1550. Gold prices Read more…