This week the GBP has shown some strength with the BOE expressing that they are not looking at cutting rates this year, rather they will focus on a rate hike in 2016. This came as somewhat of a surprise as globally all central banks are facing deflation on the back of weak oil prices.

Nevertheless, the news failed to take out highs in GBPCAD



The chart above shows the price action during the BOE press conference. Not only did it not take out highs outlined by the eclipse, it also retraced back to lows quite rapidly.

Goes to show how strong the CAD has been on the back rising oil as of late.


Have a good weekend all!
翻译为 英语 显示原始

既然您还没有登录，我们不知道您的口语，但认为是 英语
请登入或从列表中选择另一种语言翻译。

– 或 –