Monetary Policy Summary, May 2024 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 8 May 2024, the MPC voted by a majority of 7–2 to maintain Bank Rate at 5.25%. […]
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Daily Pivots: (S1) 197.03; (P) 197.45; (R1) 198.10; More… Intraday bias in GBP/JPY stays on the upside at this point. Rise from 191.34, as the second leg of the corrective pattern from 200.53, should target Read more…
Daily Pivots: (S1) 168.87; (P) 169.10; (R1) 169.42; More… EUR/JPY’s rise from 1.6401 resumed by breaking 169.38 and intraday bias is back on the upside. This rally, as the second leg of the corrective pattern Read more…
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