al_dcdemo's Blog

Avatar

GBP/USD looks heavy ahead of the BOE

Bank of England's quarterly inflation report meeting a.k.a. the Super Thursday meeting concludes today. While a rate hike is off the table, it's quite possible that they'll maintain an upbeat assessment of the economy despite some recent weakness in the short term data. If anything, stronger pound brings some of the desired tightening without them needing to hike. That said, I wouldn't go long GBP/USD just yet.
Read full story
Translate to English Show original
orto leave comments
Avatar

Cable's Super Thursday

BOE will hold the first meeting in the new format today. Alongside interest rate decision (11:00 GMT), there will be immediate release of MPC Meeting Minutes and voting. On top of that, Quarterly Inflation Report will be released and a press conference will be held (11:45 GMT). The media calls it a "Super Thursday".
Support: 1.5490 - 1.5525 (Previous Day Low, Weekly Support 1, 00's), 1.5450 - 1.5465 (July 24th low, July 14th low, 50's), 1.5350 - 1.5400 (trendline drawn off May and June lows, 200…
Read full story
Translate to English Show original
orto leave comments