In focus today Today, we expect the Bank of England to cut the Bank Rate by 25bp to 4.50% in line with consensus and market pricing. We anticipate the vote split to be 8-1 with the majority voting for a cut and hawk Catherine Mann voting for an unchanged decision. We expect the BoE to […]
The post BoE Meeting Takes Centre Stage Today appeared first on Action Forex.
GBP/USD has rallied by 2.1% from Monday, 3 February swing low. The 2-year yield premium shrinkage between UK sovereign fixed income over the US Treasury Note may trigger a bearish reversal on the GBP/USD. Watch Read more…
GBP/USD stabilizes near 50-SMA as traders await BoE rate cut. Technical signals cannot guarantee bullish continuation. GBP/USD is facing a pivotal moment near the 1.2500 round level and its 50-day simple moving average (SMA) just Read more…
Market Picture The cryptocurrency market is in no hurry to recover. Trading near $3.3 trillion in capitalisation, the crypto market is consolidating at a lower level. Before that, there was consolidation near $3.5 trillion, and Read more…