The interest rate decision -BOE kept rates Unchanged at 0.75%

Technical View :EURUSD
Forex exotics and Forex crosses intraday performance
Canada GDP in February comes in at 3.0% vs 2.8% expected
Europe outperforming says Goldman sachs due to management of coronavirus
Industrial producer prices up by 0.1% in both euro area and EU28
The Live Speech is scheduled ahead by BoE Governer Carney ,GBPUSD pushing down towards 1.2800, but that level is holding for now .The Brexit extension and the upcoming general election .
driving the pounds volatility .

Below the key headlines for the pound driving the volatility in the GBP pairs .

  1. Britain’s main opposition Labour Party will spend 400 billion pounds ($514 billion) over 10 years to achieve “an irreversible shift in the balance of power and wealth” to working people if it wins power in next month’s election, John McDonnell will say.
  2. British finance minister Sajid Javid said a new Conservative government would spend up to 20 billion pounds ($25.7 billion)more each year on road, rail and other infrastructure projects, and there would be room for tax cuts too.
  3. As uncertainty over Brexit spills into its fourth year, Swiftool Precision Engineering has taken a tough investment decision: it will press ahead with a plan to spend 250,000 pounds on a 3D printer but a new workshop roof will have to wait.
The uncertainty hurting the British business sentiments.

The above posted British Pound vs USD the recent sharp fall pointed during Interest rates release .in the first session the buyers were active but till now it broke below the asian session and trading in the lower levels

Ahead we have speech so some volatality may be seen as well


Best Forex Brokers Lowest Spreads



This website uses cookies and asks your personal data to enhance your browsing experience. Read our Terms, Cookies and Privacy Notice